An increasingly common question in our industry is - what should actuaries be doing and what should IT be doing? This gets at the difference between the self-service model, where actuaries have minimal reliance on ITand the shared-service model, where IT is a partner that helps with goals such as developing capabilities and running production models.
The presenters will cover the unique value proposition of actuarial and IT functions and use that context to explore the pros and cons of the two models. They will ask what is going to drive the operating model in the future, considering the implications of trends in governance, technology toolkit and company culture.
The presentation will be followed by interactive discussions on three case studies related to how IT and actuarial teams can work together most effectively, allowing the group to learn what works and what doesn't work from other companies approaching these challenges.
At the conclusion of the session, attendees will be able to:
• Understand how the interaction between IT and actuarial has changed over time and how that impacts their value proposition
• Compare and contrast the IT self-service and shared-service model
• Understand the impact of company culture on the relationship between actuarial and IT
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