Enterprise Risk Management Technology Guide 2023/24

Barnett Waddingham - Demographic Experience Monitoring Tool

Type of System

  • Governance, risk, compliance (GRC)
  • Internal/external reporting
  • Assumption setting; experience monitoring for lapses; mortality and morbidity; risk management and monitoring

Type of platform

  • Server-based
  • Web-based

What are the typical implementation costs?

Fixed fee of £25,000-£60,000 dependent on options chosen.

How long does your software take to implement on site?

Software is provided by a file transfer or by web-link and is available instantly. Typical set-up time is less than 1 week to customise and for bespoke software to meet individual firm data and reporting requirements.

Please name companies that use the system/solution

We use the Demographic Experience Monitoring Tool on all our chief actuary and reviewing actuary assignments on our life insurance clients. 


BW’s Demographic Experience Monitoring Tool makes the handle turning aspects of experience monitoring a breeze, so more time can be spent focusing on understanding experience, and make value adding insights.


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