Chief modeling officers provide value in a new actuarial modeling world

Understanding the business versus the operational skills and activities related to modeling holds the key to the new actuarial operating model. When these differences are recognized and each function is empowered to focus on what it does best, the resulting sum of the two parallel functions is greater than the original comingled model. Milliman consultant Van Beach provides more perspective in The Actuary article “Undeniable Synergy: A case for the chief modeling officer.”

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