The next step forward

Can one actuarial system do it all?

A one-system actuarial computing platform can allow insurers to realize a number of strategic benefits, such as: increased efficiency, more comprehensive and insightful analysis, enhanced governance, and greater flexibility to respond to increasing demands from stakeholders. Moving to a single system actuarial solution may seem daunting to US insurers, but the potential payoff for such an investment is significant and compelling.

The next step forward

As many insurers begin to reevaluate the competitive landscape and assess their ability to deliver against emerging market demands, it is clear that the environment is changing, and multiple platforms with multiple purposes are generally becoming increasingly difficult to manage. Many industry leaders are looking for ways to address this concern with a potential leading-edge one-system solution as part of a broader Actuarial Modernization initiative. Once thought to be unattainable in the United States, a single system solution is now viable due to the emergence and advancement of actuarial systems, the governance around them, and the technology available to support them.

The pursuit and ultimate achievement of a “Northstar” vision, based on the needs of the business and supported by a phased, executable roadmap, involves a significant cultural shift. Moving to a single actuarial system solution may seem daunting to US insurers, but the potential payoff for such an investment is significant and compelling.

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Common benefits of a single system solution

The vision of a single system solution for actuaries in the United States now has the potential to become a reality. A single system solution can enable companies to realize strategic benefits, such as:

  • Increased efficiency — A common platform should reduce the amount of resource time spent on redundant system development and maintenance. Additionally, analysis processes can be streamlined as different model views are more easily combined into a meaningful, organized output.
  • Flexibility to respond — As demands from external regulators and internal stakeholders increase, a single system has the ability to quickly and efficiently respond to demands for multiple runs, ad-hoc analyses, and scenarios by quickly adjusting the inputs and model specifications. New analyses and reports can be produced quickly and efficiently.
  • Production / development teams — Clear separation of duties can be established; separate teams—one responsible for all system development (i.e., coding model changes) and one responsible for reporting and producing official results.
  • More comprehensive and insightful analysis — Management can benefit from more detailed, timely analysis and increased consistency between internal views and risk decisions. A strong, integrated modeling platform enables detail that previously was not often available, approximated, or well understood.
  • Reconciliation of results — A single system solution can simplify and streamline reconciliation between asset liability modeling (ALM), risk management, statutory, and generally acceptable accounting principles (GAAP) results.
  • Enhanced governance — A single system solution is likely to drive significant enhancements to model governance and controls across all aspects of modeling, and having fewer systems means fewer controls to maintain.
  • Talent focus — A single system solution can help talented actuaries focus on actuarial analysis rather than system maintenance across a patchwork of systems.


Corey Carriker, FSA, MAAA
Senior Manager
US Actuarial Modeling Lead
Deloitte Consulting LLP


Matthew Clark, FSA, MAAA
US Actuarial Modernization Leader
Deloitte Consulting LLP


Jason Morton, FSA, MAAA
Chief Life Actuary
US Life Actuarial
Modernization Leader
Deloitte Consulting LLP


Darryl Wagner, FSA, MAAA
US Life Actuarial Modernizaton Leader
Deloitte Consulting LLP

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