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Actuarial Software: Build or Buy

Actuarial Software: Build or Buy 1999 SOA Annual Meeting, San Francisco. This panel analyzed the choices between purchasing actuarial software and developing the software in-house.
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Description: 1999 SOA Annual Meeting, San Francisco. This panel analyzed the choices between purchasing actuarial software and developing the software in-house. Topics discussed: 1. Determination of software needs. 2. Evaluation of software packages. 3. Combining in-house developed software with commercial software. 4. Modifying commercial software to the needs of the organization. 5. Staffing and training for in-house developments versus staffing and training for installation of purchased software.
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- Authors: Mark Evans, Stephen Strommen, Susan M Lee, Jeffrey J Krygiel
- Date: Oct 1999
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Technology & Applications>Software

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