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Actuarial transformation Building tomorrow’s actuarial function today

Concurrent Session 3B: Actuarial transformation: building tomorrow’s actuarial function today

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Page 1: Concurrent Session 3B: Actuarial transformation: building tomorrow’s actuarial function today

Actuarial transformation

Building tomorrow’s actuarial function today

Page 2: Concurrent Session 3B: Actuarial transformation: building tomorrow’s actuarial function today

2© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 612178

With you today…

Nazir ValaniPartner and North American Leader, AXIS Implementation

+1 416 457 86228379 [email protected]

Jonathan BradburySenior Vice President, Project Leader, Valuation Systems Transformation Manulife Financial

Dave HarrisVice President, ActuaryManulife Financial

Zaid HoosainSenior Manager – Advisory

+1 416 830 9025 [email protected]

Page 3: Concurrent Session 3B: Actuarial transformation: building tomorrow’s actuarial function today

3© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 612178

Changing to meet the futureFinance & Actuarial delivers on a range of business critical requirements, but has significant change on the horizon:

IFRS 9 & 17 LICAT AnalyticsMeeting these changes required a solution that was smarter, cheaper and more flexible

285 Actuarial models

1000’sSpreadsheets

24Server Farms

5000+Processing Cores

Running on stretched and inflexible technology:

300 TB +Storage

85Consistent Actuarial Models

Better tools for Reporting & Analysis

Running on a flexible and scalable environment:

Azure Cloud

• Scale up and down compute capacity as needed

• Easily move to more powerful or modern hardware as needed

• Secure & Cost Effective

Page 4: Concurrent Session 3B: Actuarial transformation: building tomorrow’s actuarial function today

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© 2016 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.