How can cloud computing enable the changing insurance industry?
CLOUD COMPUTING AS A DRIVER FOR INNOVATION IN INSURANCE
by Marcel SMITH and Daan TE RIELE
|Marcel SMITH is is a principal consultant and one of the founding partners of MavenBlue. He has a background in econometrics and is a certified FRM from GARP. Marcel is an expert in financial risk management, asset liability management, investment management, product development, operations research, quantitative modelling and parallel computing.
|Daan TE RIELE is a principal actuary and partner of MavenBlue. He has a background in econometrics and is a certified actuary of the Dutch Actuarial Association. Daan is an expert in non-life pricing and reserving.
The insurance industry keeps changing, and cloud computing enables innovation and efficiency. Its scalability and computational power unlocks new capabilities for Balance Sheet Management and General Insurance Pricing. Let’s explore the benefits and advancements of cloud computing.
This article represents the opinion of the authors and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 36 – December 2023