Actuarial Modeling Technology Informs Critical Management Decisions
Actuarial modeling is fast becoming a highly specialized, sophisticated, and critical function as insurance regulations, products, and assets become increasingly complex. To keep up with this rapidly changing environment, insurers are challenged to recruit and retain resources, and to implement the technology needed to accurately model their businesses to inform critical management decisions that drive stakeholder value.
The ARM Actuarial Modeling Center of Excellence (ARM AMCOE) provides insurers a modern solution to their actuarial modeling needs. Backed by ARM’s network of highly experienced consultants, the ARM AMCOE supports clients in all modeling applications including statutory and GAAP reporting, capital management, product development, business planning, M&A, IFRS17, LDTI, PBR, actuarial systems implementation and conversion, and more.
The ARM AMCOE customizes onshore, nearshore, and offshore solutions utilizing any of the major actuarial platforms (AXIS, Prophet, MOSES, Polysystems, ProVal) within a modern data and analytics solutions architecture. The ARM AMCOE invests in continuous improvement of the people, processes, and systems of actuarial modeling to ensure that our clients’ needs for accuracy, efficiency, and cost are achieved.
ARM has licensed software from two of globe’s widely used actuarial software packages – FIS’ Prophet and Moody’s AXIS. The ARM COE platforms enable our clients to gain the best of both worlds – proficient cloud-based computing and a deep bench of senior actuaries.