Category Archives: Actuarial Technology

Why a Holistic Approach is the Way Forward for the Insurance Industry

The insurance industry has developed organically over centuries, its growth fuelled by meeting societal needs, but accelerated by historically unscrupulous sales practices. Of course, the latter have been curbed in recent years by increasingly strict regulation in areas such as commission and capital management, but the industry reaps the benefits of history.

The VAIT is Over: Germany’s Insurance IT Regulation

Around the world, regulators are recognizing the magnitude of risk posed by unmanaged end user computing (EUC) applications, such as spreadsheets. Pamela Hellig discusses the challenges raised by complying with regulations such as VAIT, and how these can be resolved in collaboration with our EUC software partner, Apparity.

Actuaries versus Technology

Actuary shouting at a laptop

Many professions seem to revel in the introduction of new technology to their professions. They realise that every time a tool is enhanced, it enables them to be better at their jobs – whether it be in the operating theatre, on a construction site or in a tech sandbox. Why is the financial sector so different?

Case Study: Implementing MBE’s actuarial technology to meet new regulatory requirements

Graphics of currency markets

A mutual insurer dramatically improved transparency across their whole Solvency II reporting process and achieved cost-saving reductions in resource requirements by implementing MBE’s proprietorial technology.