Navigating the hurdles of actuarial model migration

The need for insurers to deploy advanced actuarial models has significantly increased over the last 10-years. This transformation is in large part due to the evolving regulatory space, with IFRS 17 and Solvency II setting out more complex requirements. The complexity of integrating a new and sophisticated model is exasperated further by the rapid evolution of technology, which complicates many aspects of the decision making process. 

What are the main pitfalls? 

It can feel like a minefield trying to sidestep all the things that ‘could go wrong’ with migrating to an upgraded model, so we’ve listed the key areas insurers should be aware of before going through the process. You can read our overview here.