RESERVING AUTOMATION AND EASY DATA ACCESS PROVIDE HUGE SAVINGS

Many insurers currently use outdated processes and tools for reserve analysis, putting their most important data on spreadsheets used across different teams within an organization. This risky practice not only creates huge compliance and governance risks, it also jeopardizes accuracy and efficiency.
 

Historically, actuaries had little choice but entering sensitive data into spreadsheets. Many are not aware of an alternative. Meanwhile, the world has changed. Staying in compliance is more difficult than it was in the past, and customers expect companies to protect their data. Arius Enterprise® from Milliman has effectively re-engineered the reserve analysis process. Arius was designed to eliminate the risks of having sensitive data on spreadsheets across many users. A cloud-based platform for reserve analysis, Arius stores data safely, which is critical for today’s compliance requirements.