Microsoft Excel has made life easier for actuaries, whether that be for financial projections, pricing adequacy, or reserve analysis. However, the software can create a false sense of confidence. All it takes is one typo or a formula entered incorrectly to generate a potentially headline-making error.
Without accurate spreadsheets and adequate controls, companies will continue to be vulnerable.
In this Actuary Guide, you will learn:
- Where spreadsheets fail organizations
- How spreadsheet controls can reduce risk exposure
- How to obtain consistent risk management oversight across all your corporate spreadsheets
- Steps to move from risk reactive to risk resilient.