We are delighted to announce the publication of MBE’s first Enablers of Excellence: An Actuarial Performance Management (APM™) Benchmark Report.
In late 2021/early 2022 MBE assessed the performance of insurers in the UK, Europe and South Africa to create an objective benchmark of actuarial excellence that enables insurers to measure their effectiveness against their peers and identify areas for improvement.
This benchmarking exercise used MBE’s Actuarial Performance Management (APM™) Assessment, a comprehensive survey that was developed specifically for the actuarial function of insurers. The assessment measures performance based on the six key enablers of our APM Framework:
- People, Roles and Responsibilities
- Processes and Methods
- Performance Management
- Data Architecture
- Data Lifecycle
- Actuarial Applications
The assessment responses provided by actuarial team members and in-depth interviews with senior representatives from the participating companies enabled us to identify key themes and trends which we believe are representative of the life insurance industry as a whole.
Read our Enablers of Excellence: An Actuarial Performance Management Benchmark Report to learn more about our research and findings and get strategic recommendations focused on achieving actuarial excellence.
MBE Consulting helps insurers to accelerate their actuarial performance by delivering innovative, measurable, and sustainable efficiencies. As a trusted partner to insurers across the industry, we have a unique insight into the effectiveness of different teams across a range of insurers, and the factors which contribute to their success.
To discover how we can help you transform actuarial performance within your organisation contact our team.
