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 […]
Tag Archives: actuarial data
28
Feb
Feb
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 […]
23
May
May
Despite a long history of data collection, insurers have been slow to unlock its full potential. Traditional statistical methods, while valuable, haven’t been enough to fully exploit the wealth of information.
13
Feb
Feb
The success of modernisation projects in insurance companies crucially depends on the seamless integration of databases into actuarial processes. Power Query will make a substantial impact in a brief timeframe.
12
Dec
Dec
By providing self-service interfaces and tools that enable actuaries to access and analyse data independently, insurance companies can accelerate their processes to drive innovation and success.
17
Sep
Sep
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.