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Schematiq solves the Top 4 Excel Challenges for Insurance Firms

May 25, 2017 | Darren Harris
  Microsoft Excel is pervasive across the insurance industry, particularly in areas such as capital modelling, forecasting, pricing optimisation, risk management and regulatory reporting. However, while Excel itself is robust, the error prone spreadsheets people create can be fragile. Errors are caused by manual data entry, cutting and pasting data and formula complexity can simply generate wrong numbers.  For insurers, this can lead to incorrect regulatory reporting (under GAAP, IFRS and Solvency II) and material misstatements resulting significant losses, fines and reputational damage. Read More
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