Actuarial transformation initiatives often require significant investment in time and resources. However, not all initiatives deliver the desired results. Complex integrations of new data and technology pose a significant challenge for business and technology teams to deliver on time and on budget. This challenge can be overcome if addressed thoughtfully with emerging technology and business-friendly tools which offer benefits to both actuarial business users and technology professionals.In recent years, low-code technology has emerged which empowers actuaries by providing capabilities for data analytics, self-service, and visualization without requiring extensive technical prowess. Pairing these tools with emerging cloud-based data management solutions allows actuaries to quickly manage and analyze large data sets along with enhanced governance and integration. By adopting these technologies, actuaries are empowered to deliver better outcomes for their organizations.Come explore a panel of actuarial business and technology experts who will share their insights and experiences on how low-code technology solutions can empower actuaries with better access to data and analytics. The panelists will discuss real-world case studies to demonstrate the practical benefits of these tools and how they can be used to achieve better business outcomes.
This session aims to explore the challenges faced by actuaries in adopting and implementing new technology tools and how low-code technology solutions can help actuaries leverage data for better insights and informed decision-making.
Key learning outcomes include:
- Exploring the challenges faced by IT and actuaries when working together, and how these challenges can be addressed
- Discussing the role of business-friendly analytical tools, in providing self-service capabilities for actuaries to analyze data for their purposes
- Understanding the benefits of combining business-friendly analytical tools with cloud-based data management solutions, and how they can help actuaries to improve their data governance and integration capabilities
- Learning from real-world case studies of organizations that have successfully implemented these technologies to transform their actuarial functions
TRACK: Valuation (LTDI, IFRS 17, Tax, Statutory/ Regulatory, Etc.);Technology/Model Development/ Artificial Intelligence/Machine Learning