B2E supported a UK pensions and savings provider in migrating actuarial models from AFM to Prophet, managing key stakeholder relationships and ensuring project delivery within set constraints.
Background
A UK pensions and savings provider sought to enhance its actuarial capabilities through a migration of actuarial models and processes. This transition aimed to improve the efficiency and effectiveness of their financial forecasting and analysis.
The Challenge
The organization faced challenges with outdated actuarial systems that limited data analysis capabilities. There was a need for a more robust solution that could accommodate modern actuarial practices and support better decision-making.
Our Approach
B2E led the migration of actuarial models from AFM to Prophet, overseeing all phases from initiation to implementation. The team developed detailed project plans covering activities, resources, costs, roles, responsibilities, and quality assurance, revising them as required. B2E also managed relationships with key business stakeholders who had conflicting priorities.
Results
The migration project resulted in improved operational efficiency in the actuarial department. Stakeholder engagement was strengthened, and the new system enhanced data analysis capabilities, leading to more informed decision-making processes.
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