This is the second post in a 2-part series on the evolving role and growing value of actuaries with Matt Duke, head of global actuarial services at Xceedance. In this post he discusses the importance of partnerships, ways to attract the best actuarial talent, and how he sees technology impacting the actuarial field into the future.
The growing frequency of black swan events, like the COVID-19 pandemic, has pushed the insurance industry in unique and unexpected directions. To navigate these headwinds and maintain profitability, insurers need to effectively price their products, create new risk models and increase operational efficiency. Actuaries play a key role in each of those goals, and as insurance companies face greater uncertainties in the post-pandemic landscape, along with concurrent shifts in technology, those roles are in the midst of significant change.
Matthew Duke to lead the global Actuarial and Analytics Services