How to unshackle your actuaries and streamline your reserving process

Actuarial teams are getting bigger, but in many cases are bogged down by too many mundane tasks, such as data processing, creation of reports and meeting ever-growing regulatory needs. See how to identify and implement efficiency improvements though reserve-process industrialization.

By Ron Kozlowski, Jamie MacKay | Updated on July 14, 2014

Editor’s note: Ron Kozlowski is director and consulting actuary, Americas PC Practice, Towers Watson. Jamie MacKay is senior consultant, Americas PC Practice, Towers Watson.

It is fairly common these days for property and casualty insurers to retain large or growing actuarial teams. Insurance executives are placing a greater importance on these teams to provide in-depth reserving analysis, and to collaborate with underwriting, pricing, reinsurance and capital-modeling teams.

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