Stochastic modeling requirements are resulting in more 'run time' and less 'analysis time'. An expensive solution is leveraging cloud infrastructures and robust computing grids. The presenters will explore the use of cluster modeling and present case studies showcasing this automatable and robust technique, which could allow actuaries to recover the time lost to 'run time'. Developing automatable and clustered models requires robust governance practices to ensure credibility of results. In this session, the presenters will discuss strategies that practitioners can use and model governance practices that can be employed. At the conclusion of the session, attendees will be able to: • Receive a deeper insight into cluster modeling • Gain knowledge of model governance practices employed in the industry |