There are smarter ways to evaluate your insurance loss costs

Manual processes and outmoded technology hamper the loss reserving process at nearly every juncture.

Gaining access to the data actuaries need can be a huge hurdle in the loss reserving process.

Automating many of the tasks performed by reserving actuaries could greatly reduce errors and increase efficiency.

The loss reserve reporting process often leaves little time to consider more engaging ways to communicate the valuable information uncovered.

While many reserving actuaries do most of their work in spreadsheets, it’s long past time to acknowledge the many risks associated with them.

Technology and process automation can offer a governance framework that ensures confidence in decision-making with less effort.