Actuarial Roadmap

What Is The Actuarial Roadmap?

The actuarial roadmap determines where your actuarial organization stands in relation to a baseline of actuarial leading practices and to your competition. The roadmap addresses the actuarial capability from several disciplines:

• Organizational design
• Demand management
• Risk management
• Business process management
• Modeling systems
• Data management
• Infrastructure design
• Solutions architecture
• Business intelligence
• Reporting framework

How Is It conducted?

Interviews

InSource works with your organization and holds interview sessions with the appropriate business and technology leadership teams and subject matter experts to gain insight into the business and technology direction as well as the current processes, workflows, bottlenecks and technology challenges. We recognize the value of your solution providers, and we interview your primary actuarial software vendors to understand their future direction.

Research

Historical events and future directions affect the way you run your business. InSource brings its database of emerging trends, industry advances, and market realities, and blends them with the interviews and leading practices to develop findings and recommendations for your organization to review.

Market Analysis

InSource uses its knowledge management repository and extensive experience in the insurance industry to identify how you compare to other organizations in your industry. This comparison reveals strengths and weaknesses, and allows you to make adjustments or pursue strategic initiatives to remain competitive in a tight market.

Management Action Plan

A Management Action Plan is developed that guides the organization through the increasing need for regulatory compliance and technology solutions while supporting the current business plans. The plan includes a set of steps to implement recommendations and improve processes, allowing the organization to absorb change, improve speed to market and gain market share.

Executive Overview

An executive level presentation describes and communicates the findings, assessment, recommendations, and the plan needed to implement them, to achieve the strategy for the actuarial and information technology organizations.

What is the commitment?

The approach was built with the understanding that actuarial and information technology organizations are often overwhelmed with work. Our model minimizes the time spent by executives and support staff. The Actuarial Roadmap takes approximately eight weeks to complete.

Why InSource?

During our 12 year history, InSource has completed key initiatives for the largest insurance companies in the United States. We are an agile, client- focused company that is results oriented. We bring experience as well as a holistic approach to our clients. The Actuarial Roadmap is one example of our innovation and our proven solutions we offer to the industry.