Actuarial Data Management In A High-Volume Transactional Processing Environment

The development and management of data resources that support property/casualty actuarial work are very challenging undertakings, especially in a high-volume transactional processing environment. In order to equip actuaries with the data resources necessary to excel in the performance of their functions, an Actuarial Data Management (ADM) support team is needed. It serves as a proactive, added-value conduit of business data and specialized technical support to an actuarial staff. This paper examines the evolution of the actuarial data management function in the context of end user computing, and highlights the key roles and processes that comprise an effective data management operation in a modern property/casualty actuarial department. The paper also includes a case study that describes the development of the data management function in the Actuarial Department of Motors Insurance Corporation, a member of the GMAC Insurance Group, located in Southfield, Michigan. Keywords: Actuarial Applications and Methodologies; Data Management and Information; Actuarial Data Management; Actuarial Technician; End User Computing; Data Warehousing; Insurance Data Management.