Cloud

Actuarial Firm Works to Transform Insurance Industry With Cloud-Based Solution

Date Added: Jun 2012
Format: HTML

With increased regulation of insurance companies - including the upcoming Solvency II Directive in the European Union - the insurance industry has a strong need to control the cost and complexity of IT systems used for actuarial analysis and regulatory reporting. To help insurance companies manage their high-performance computing needs, Milliman, a global provider of actuarial software and consulting services, launched a client project that uses Windows Azure to distribute highly complex, mission-critical computing tasks across cloud-based resources. The result is supercomputer-level processing capability that is enormously scalable and powerful, yet can be delivered at a lower cost and with fewer IT resources than through traditional on-premises IT deployments.