Presentation is key to making most of insurance models

Even the most advanced risk models lose value to the business if the outputs they produce are presented badly to management. Get it wrong in the so-called ‘last mile’ and information overload can slow down decision-making rather than speed it up. With regulators pressing firms to put risk at the heart of strategy, that will no longer be good enough

Risk and capital data used to be the preserve of specialists. Actuaries, risk managers, investment managers, finance and others operated their own models, producing output tailored to their particular line of analysis. Senior management have been a step removed from the analysis, relying on experience and expert judgement for tactical and strategic decision-making. But that approach is no longer viable. Regulation is forcing senior managers to understand the models used in their operations, and