Outsourcing Actuarial Work â A Discussion - Actuary.com

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Current Assignments (Group Incl. For Illustration)Experience StudiesValuationTerm/UL Annuities Group LTC CorpExp AnalysisValuationExp AnalysisValuationPreparationOfReportsC F TestingValuationReportingExp AnalysisStat ReportingInternationalClaims ReservingProjectionsMG-ALFADevelopmentFinancialProjectionsMG-ALFADevelopmentProduct DevelopmentProductDevelopmentIllustrationSoftwareSpecialStudiesOBVOBV AnalysisRisk ManagementEC SupportAssociates 6 5 2 2 42Outsourcing Actuarial WorkCompany Confidential92
Other ConsiderationsBack-Up Planning & Cross-TrainingObjectiveCreation Of Back-Up For ActuarialProcesses And Cross-Training OfIndividuals To Ensure– Knowledge retention– Continuity of processes during absenceof individual– Enhancement of individuals’ technicalcapabilities•Design Of A Peer ReviewMechanism To Ensure OutputQuality In Terms Of– Data accuracy– Validity of the inputs, logic, andmethodology usedCompetency MappingIdentify the Parameters RequiredFor Flawless Process ExecutionMap Individuals Against EachProcess In Terms Of Their CurrentAbility To Work On A Process AndThe Level Of Additional TrainingRequired To Do The ProcessAssess The Individual’s SoftwareKnowledge And The Level OfTraining Required In The RelevantAreaCreation Of Back-Up For EachProcess Taking Into Account TheCompetency Of The IndividualsOutsourcing Actuarial WorkCompany Confidential10
Page 1 and 2: Outsourcing ActuarialWork - A Discu
Page 3 and 4: Comparative CostsINDIAUS ANALYST122
Page 5 and 6: What’s Needed Externally?Controll
Page 7 and 8: Implementation TimetableTimelineInd
Page 9: Phase II RefinementsIncrease Commun
Page 13 and 14: Other ConsiderationsCompetency Mapp
Page 15 and 16: Other ConsiderationsConstraintsSyst
Page 17 and 18: Other Possible LocationsWest Indies
Page 19 and 20: AppendixOutsourcing Actuarial WorkC

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Outsourcing Actuarial Work â A Discussion - Actuary.com