Technological firepower

Stochastic projection, replicating portfolios, cluster modelling, Monte Carlo simulation - the type of modelling approaches available to insurers are legion. And whether these are used for accounting standards, valuations or estimating regulatory capital levels, there is a common theme: the increasing importance of technology. Some insurers are going down the cloud computing road to maintain processing speed, while others are investing serious amounts of cash in state-of-the-art servers, but