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Actuarial Post: Spreadsheets – the Ageing Actuary’s Friend

Actuarial Post: Spreadsheets – the Ageing Actuary’s Friend

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

Actuarial Post is an online and printed publication offering actuaries insight into the market, an extensive library, news and the latest job listings. With a dedicated comment section; the most talked about topics in the actuarial market are discussed by actuaries dealing with the issues on a daily basis. Articles focus on the latest trends changes in regulation and the areas of pensions, investment, life and insurance.

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