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.
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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.