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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Some Final Thoughts(My Own, Not Genworth’s)<strong>Outsourcing</strong> CAN <strong>Work</strong>, BUT There Are LimitationsAbility To Send Advanced <strong>Actuarial</strong> <strong>Work</strong> Questionable– Pre ASA work predominantly sent– Need significant training to raise level of assignment• Turnover And Continuity Will Continue To Be A Problem• Cost Savings May Not Last Much Longer– Weakening dollar– Rapidly growing Indian insurance market• Constant “Push Back” From Front Line Actuaries– Voiced in terms of poor performance BUT– In many cases, a concern about job security<strong>Outsourcing</strong> <strong>Actuarial</strong> <strong>Work</strong>Company Confidential17
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