Outsourcing Actuarial Work â A Discussion - Actuary.com
Outsourcing Actuarial Work â A Discussion - Actuary.com
Outsourcing Actuarial Work â A Discussion - Actuary.com
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Other ConsiderationsBack-Up Planning & Cross-TrainingCurrent StatusAnnuity Product Development Process– Three-member team– Back-ups in place•HQ Projection Team– One member– Needs immediate consideration•Life Experience Studies– Two-member team handling <strong>com</strong>monprocesses– Natural back-up•Other Experience Processes– Need for back-up creationProposed Road MapBuy-In From The Site <strong>Actuarial</strong> Leaders OnThe ProposalIdentify Back-Ups Based On TechnicalCapability And Current <strong>Work</strong>loadEstablish System CapabilityEstablish Timelines for Cross-TrainingDraw Up Individual Training Plans ForIndividualsDocument the Processes; Prepare TrainingMaterialEstablish The Metrics For SuccessfulCross-Training And Back-Up CreationDesign A Peer Review Mechanism UsingThe Trained Individuals For Each Process<strong>Outsourcing</strong> <strong>Actuarial</strong> <strong>Work</strong>Company Confidential11
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