(Re)thinking insurance
Talking Tech special: Financial Modeling
Apr 22, 2024
Financial modeling experts Mark Brown and David Pond discuss challenges faced by insurers, emphasizing the importance of efficient modeling in understanding business risks and capital requirements. They explore innovations in the insurance industry, advancements in automation, and the role of AI and ML in financial modeling.
29:14
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Quick takeaways
- Companies need to prioritize high-risk and costly aspects for financial reporting improvement.
- Embracing proven technologies over unproven advancements is recommended for effective financial reporting.
Deep dives
Importance of Understanding Financial Modeling in Business
Financial modeling is crucial for businesses to grasp the associated risks, capital requirements, and overall behavior of the business. With recent changes like IFR-S17 prompting a focus on financial requirements, companies are now assessing ways to enhance their financial reporting comprehensively.
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