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. 

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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.

Contacts

[email protected]