Actural Modeling Solution, Insurance Based

Actuarial modeling solution is expected to replace WCB’s manual, spreadsheet-based processes with a secure platform capable of performing actuarial modeling, managing
assumptions centrally, and processing models and supporting datasets with full validation and traceability.
- The solution is expected to provide enhancements to controls, auditability, security, and reporting, while expanding analytical capabilities. The solution should enable collaboration and automation, improving process efficiency, speed, and quality. The solution will replace key portions of the current actuarial modeling environment, improve model governance, reduce reliance on unsupported open-source technologies, and provide a more efficient and sustainable platform for actuarial analysis.