After converting an actuarial model to a new system, what happens afterwards? This article gives practical steps to show value of the project and leverage learnings for future success.
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When it's time to compare outputs from a modern actuarial system to your prior version, hitting all 7 of these stages will ensure a smooth transition.
Some reasons for choosing a modern actuarial system are good: they allow you to be a better actuary. Are there some bad reasons? Absolutely. Read this to avoid making a big mistake.
Actuaries evaluating modern actuarial systems will need to compare many dimensions. These will help actuaries understand differences between systems.
Actuaries making a case for a modern actuarial system will need structure to their argument. This article outlines a straightforward way to think about the necessary elements.