Information Technology

MBA Actuaries has offered information technology support to its clients since 1986. The IT unit works together with the actuaries of MBA to provide its clients with tailored solutions supporting the business’s managerial, actuarial and compliance needs. MBA’s clients benefit from our ability to bring actuarial and system’s expertise to bear on knotty insurance management information, modeling and reserving problems.

The consultants at MBA have experience with:
• Database Design and Development
• Database Conversion and Data Controls
• Business Process Review and Redesign
• Report Design
• Loss Development Spreadsheet Automation
• Data Cleaning
• Specialized Programs

MBA uses a variety of Microsoft tools including FoxPro, Visual Basic, Access, Excel and Word to support its clients’ IT needs. MBA supports desktop and distributed applications. MBA designs, codes, debugs and installs all of its applications.

Sample MBA information technology engagements include:

• Developed a workers compensation claim database which allows entering and maintaining of historical claim data and long-term claim reserve calculations based on mortality, escalation, discount rate, marital status, reinsurance attachment points, etc.

• Designed and installed a multi-user, workers compensation database that supports all aspects of the insurance product including policy, exposure and claim information. This flexible and dynamic system allows data entry and report generation and maintains an audit trail of changes to the data.

• Reviewed budget methodology and redesigned processes to minimize the possibility of systemic error and improve consistency with reported GAAP financials

• Developed a multi-user report generator that supports all P&C lines of insurance and allows user input to customize output.

• Designed actuarial loss development worksheets that allow considerable flexibility based on user input.