Cloud-Native Actuarial Modeling
A cloud-native approach to actuarial or financial modeling is no longer just an advantage—it's a necessity. As regulatory demands grow and technical complexities increase, insurers need flexible, auditable and cost-effective solutions to deploy, test and maintain their models. Embrace the power of the cloud computing with Coherent Spark for high-performance, flexible and connected modeling.
Overcoming Complexity in Actuarial Modeling
Actuarial modeling is resource intensive for insurers with increasing costs:
- Regulatory requirements are continually evolving, creating pressure to adapt models quickly and effectively.
- Modeling processes are not automated; for example actuarial and finance processes are disconnected.
- Modeling software solutions are time consuming to configure and test, with reliance on specialized programming skills.
- Insurers become locked into vendor contacts with escalating costs.
Your Key to Flexible and Efficient Modeling
Meet Coherent Spark, the cloud-native solution that your actuaries already know how to use!
Spark offers unlimited flexibility for pricing, profit testing, valuation, and stochastic models.- Actuaries leverage their existing Excel skills, leading to significant savings in developing, testing, and maintaining models.
- Run millions of simulations in seconds, eliminating the need for shortcuts.
- API connectivity to the insurer’s data fabric, workflow tools, and programming languages such as Python.
The result? Spark ensures highly scalable performance with transparent pay-for-use pricing, whilst built-in controls address the model risk of Excel and black-box models.
Drive Innovation and Efficiency in Actuarial Processes
Insurers need to transform their actuarial modeling processes.
Embrace the future of actuarial modeling with Spark and unlock the potential for modeling innovation and efficiency to make better financial decisions.