How Andovia Helps Actuaries
In order for actuaries to understand the impact of their analyses, then to manage the way their decisions are being administered, it is important to have the information in a timely manner and then the means to control the way it is used by the underwriters. Andovia helps actuaries to drive profitability in the business.
- Actuarial assumptions can be entered into the system defaults
- Underwriter authority to override actuarial assumptions can be controlled and monitored
- Quote and process data is high quality and consistently processed
- Analytics can automatically determine the risk profile of the entire book
- It is easy to determine, at the coverage level, if you are covering the losses and if not, you can easily change the rates