To balance their portfolios, improve actuarial models and make smarter choices, insurers can combine risk management and decisioning techniques with environmental, social and governance (ESG) principles. Doing so can help to reduce risk, prevent fraud and ensure adherence to growing regulatory demands.

How can you take actuarial processes to the next level to achieve even more?

Consider applying:

• New algorithms that support more competitive premiums.
• A real-time pricing engine that allows faster premium deployment.
• Governance and integration of new technologies into your actuarial processes.
• Methods to reduce unexpected risk and tighten standard deviations – helping minimize the uncertainty of loss.