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Actuarial science beyond insurance and pensions

  IN BRIEF Actuarial technique is not a service for insurers. It is a method for putting a number on uncertainty — and most organisations are already carrying uncertainty they have priced by assumption rather than by measurement. Three worked cases follow: an extended warranty, a receivables book and an inventory decision. None involves an...

If You Cannot Measure It, You Cannot Manage It. And in a Restructuring, What You Cannot Manage Will Destroy You.

  Caribbean restructurings that lack a rigorous performance measurement framework are not transformations — they are expensive guesses. The organisations that make it through are the ones that track everything, every week.   A restructuring programme without a performance dashboard is like surgery without vital signs monitoring. You may be making all the right interventions...

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