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 Data and Modeling Institute (ARM DMI) provides insurers a modern solution to their actuarial modeling needs. Backed by ARM’s network of highly experienced consultants, the ARM DMI 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.
The ARM DMI 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 DMI 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 the globe’s most widely used actuarial software packages – FIS’ Prophet and Moody’s AXIS. We also use our own easily-customized PAARS software, which is fast, cloud-based, and uses a modern data science architecture. The ARM DMI platforms make a great solution: efficient, cloud-based platforms, cost-effective offshore data scientists, and a deep bench of senior actuaries.