Author Archives: Ben Herrett

Optimisation isn’t enough. Alignment is what matters. Why Focusing on Individual Components Falls Short Actuarial performance is often assessed by looking at individual parts of the function. Systems are reviewed for efficiency. Models for accuracy. Data for quality. Processes for timeliness. Each of these matters. However, assessed in isolation, they only tell part of the […]

The real issue isn’t capability. It’s how everything fits together. Where Complexity Comes From In many organisations, systems are implemented independently of how work is actually performed. This creates gaps between components, which are filled with manual workarounds. Processes then adapt to accommodate these limitations. Additional steps are introduced to bridge systems, manage data issues […]

The gap between investment and improved performance Why Investment in Actuarial Capability Does Not Always Improve Performance Despite sustained investment in systems, data and modelling capability, many organisations continue to struggle to achieve meaningful improvements in overall actuarial performance. These initiatives often deliver localised gains. However, they do not consistently translate into broader, sustained improvements […]

The introduction of PSAK 117 marks a significant shift in insurance accounting, aiming to enhance transparency and comparability across the industry. While the standard introduces complexities, it also presents insurers with an opportunity to modernise their operations and gain a competitive edge. Key Challenges in Implementation Implementing PSAK 117 is no small feat. Insurers face […]

The actuarial profession is evolving at an unprecedented pace. As data volumes surge, regulatory landscapes shift, and businesses demand more strategic insights, actuarial modernisation is no longer optional – it is essential. At MBE Consulting, we understand that this transformation is about more than just technology; it’s about creating smarter, more agile actuarial functions that […]