Risk Management in the Insurance Sector

We help insurance companies rapidly deploy risk modeling solutions in the AWS cloud. Our expertise ranges from implementing various actuarial software in the cloud to deploying insurance-specific applications.

Regulatory requirements for risk management are increasing, as are the volumes of data that need to be processed in a short period of time for ever better predictions. To meet these requirements, the model development process requires large and fast data storage solutions, and actuaries need to be provided with computational capacity in a targeted and timely manner. For the final calculations, an extremely large number of resources must be reliably allocated in order to run the simulations on time. All of this requires both a stable and scalable environment. In the long run, it is no longer economically viable to maintain this environment in your own data center.

The solution to this economic and technical challenge lies in the cloud, which provides on-demand resources and highly automated capabilities that address all aspects.

Increasing regulatory requirements for risk management are driving the need for efficient processing of large volumes of data. After a thorough pre- and post-calculation process analysis, our cloud solution enables actuaries to experience significant acceleration and fast access to massive data storage and tailored computing capacities. The cloud makes it possible to reliably allocate resources and run complex simulations, in particular for final accounting.