Insurances have more and more data and are continuously improving their digital business models. Actuaries are required to adapt their actuarial and statistical assessments for measuring and managing risks. These 3 core points are the key to success:
Processing high data volumes, e.g. electronic data transmission of cars, health data or new insurance products securely
Introduce new rates, change existing rates, calculate actuarial reserves
|Accurately calculate damage reserves, post-calculation|
More and more insurers are deciding to replace their previous applications, e.g. Excel, with a new software. With the “ACTICO Rules” Decision Management Software, actuaries are able to accelerate data analyses and risk evaluations and better manage high data volumes. The software creates the analyses in the form of rules. These result in concrete, comprehensible values, such as the level of rates, actuarial reserves or reserves of equity capital.
The ACTICO Decision Management Software has become a key tool for decision management with many insurers. Find out here, which tasks actuaries can solve more efficiently.