By Mark Grall, Actuarial Analyst, Exaxe
Is the Excel spreadsheet an ageing Actuary's best friend? It appears that the life and pension industry is meandering blindly into a world of endless spreadsheets and reporting. Actuaries appear to be afraid to move away from the 2003 version of Excel despite those fears being largely unfounded. So why does this fear persist?
Are spreadsheets really the optimal way to add value to our industry? Surely, the reluctance to move away from older models can’t be based purely on the fact that bespoke spreadsheets make for astounding job security. After all, despite these recessionary times, it can’t be wise to snip the actuary who knows how the discombobulated array of figures actually work.Of course that’s not the reason, but there is no doubt that, actuaries appear to feel bound into a monogamous relationship with Excel till death, or possibly critical illness, do them part.
Read the full article on the Actuarial Post website: Spreadsheets - the Ageing Actuary’s Friend
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