“No-code” and “Low-code” software applications are very much in vogue these days. For actuaries, there is a spectrum of options from do-it-yourself to everything-done-for-you. What are the positives and negatives of such options for actuarial software applications? We break them down in this article to give you helpful perspectives when you must choose. First, let’s […]
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It's easy for actuaries to get caught up with precision when they should be using system thinking.
Actuaries can improve their actuarial model management by applying product management principles.
In order to take advantage of new technologies, and adequately satisfy new requirements, actuaries will need to develop a "culture of innovation" rather than performing a "project of modernization". This article provides tips to make that happen.
Actuarial modelers need to ensure that all the components of their model are right before they depend on model outputs for business decisions. This article provides tips and strategies to help modelers uncover potential errors within and avoid problems in the future.
Actuarial development projects need non-actuarial perspectives to help achieve superior results. Enable and empower those teams with better tools and communications.
Actuarial modernization is underway at many insurance companies. Without proper planning, most of those projects will be unsuccessful. Actuaries must ask the right kind of questions when planning or evaluating future systems to get better results.
Actuaries working on lower-level tasks (such as manual data processing) aren't performing as well as they could. This article explains how to get more "top of qualification" tasks correctly assigned.
Software development practices such as different environments, concurrent documentation, and expansive testing can help actuaries improve their work output.
We listened to actuaries. These are the challenges they said they deal with on a daily basis. Can you relate?
Actuaries of the future will work in agile teams across functions. How will we get there? What might actuarial deliverables look like under an agile mindset?
Agile and waterfall are two ends of the software development spectrum. This article explains the differences and illustrates how agile development at a software provider aligns well with the expected future of actuarial work.
Actuarial departments have traditionally been de-centralized. Recent years have seen a push to centralize modeling functions. This article compares pros and cons of centralized/de-centralized organization and offers an alternative model for consideration.