Today’s Actuary is stretched thin due to resource constraints and greater expectations from regulators and investors. In this volatile environment, it is critical that the modeling framework is efficient and actuaries are forward-thinkers in the design, development, execution, and communication of models and model results. But many Actuarial Departments do not even have the bandwidth to begin assessing their current state and consider improvements.
Take stock of your current processes and how they interact with the larger company picture through a guided questionnaire provided by Foresight.
Foresight will create a limited assessment report of your modeling framework in six different dimensions: People, Data, Software, Processes, Reporting, and Results.
Foresight will review with you your strengths and provide prioritized recommendations for shortcomings within each of the six dimensions.
Foresight Solutions is a leader in actuarial modeling with a senior staff and multiple years of experience. At Foresight, we take a holistic view of a client’s modeling capabilities including People, Data, Systems, Processes, and Reporting. Assessing the strengths and weaknesses of a client’s model framework involves significantly more than a look under the hood of the calculation engine.