Actuarial work is an iterative process. Exploring “what if”s and answering questions that have been asked of you leads deeper and deeper into the numbers. And in order to begin digging into those numbers, they first need to be calculated. Optimizing models for runtime has long been a focus for actuaries, and it makes sense […]
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The Actuarial Wasted Time Survey Results for 2020 are presented. Actuaries rank Data and Model Management tasks as more impactful than Hardware and Software Management tasks. Read more by downloading the full survey.
Initial results of our first Actuarial Wasted Time Survey are in. Check out a preview of some differences between actuarial levels and across different systems in use.
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.
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.
There are many signs an actuary may need to update their actuarial modeling system. Here are 4 more.
There are many signs an actuary may need to update an actuarial modeling system. Here are 4.
Let’s be honest, the next $100 million blockbuster isn’t going to be titled The Actuary, starring Liam Neeson as an experienced FSA looking to make sure that pricing, valuation, and forecasting are all on the same page with their best estimate mortality assumption. We’re not going to hear that famous Hollywood voice-over saying “The fate […]
(We’re not going to say “best”, because, frankly, that’s a bit more arrogant than we wish to be.) One of our colleagues had a practice of typing his thoughts out as he was having them. Literally. He would document his thoughts in real-time, as he was having them. Not the I can’t believe it’s not […]