Monte Carlo modelling has become common place in modern insurance work. It is used both for the valuation of complex policyholder options and guarantees and for reserving and risk management of insurance portfolios.
Leveraging Specialist testing, financial and Insurance organisations can potentially look at up to 31% Cost-outs from Software Product Life Cycle Costs.
Peer-to-peer lending: long the refuge of those denied credit from traditional channels, but a new model is now moving in on the space created by the contraction of a certain ‘bank of mom and dad’.
If your IT department can become more agile and business-aligned, the recovery process post-recession will be smoother and quicker than you ever foresaw, argues Steve Taw of The Capital Group.
Predictive analytics software can help the financial world to better serve its customers, but don’t expect it to become an early warning system against risk and ruin.