IAA’s cross-functional team, led by Simon Lim, a Senior Actuary with over 15 years of experience, bridges the gap between technology and financial services. With a background in leading teams of actuaries, developers and data scientists for actuarial and IFRS17 projects, Simon understands both the technical and functional challenges of software development for insurers.
Our value proposition
Professional: With extensive professional experience in the financial sector, Simon has a functional insight into the preparation and use of business reports. Your outputs will be prepared with professional and technical accuracy.
Commercial: Show us the desired output, and we will build it. You will deal with Simon directly, who will understand your requirements and specifications as an Actuary and finance professional. We will write your requirements for you and there is no need to recruit project teams and iterate with IT. After deployment, your staff can self-serve without our involvement.
Compatibility with existing processes: Deliverables, such as reports and spreadsheets, can be made equivalent to versions prepared manually by your staff (e.g. PDF or Excel). There is no need to switch to applications that may be expensive to run or require specialised training.
No vendor lock-in: You own the business logic for any bespoke applications created for you. Spreadsheets can retain their formulas, which facilitates transparency and leaves you the option to switch back to manual processes. We can support you with documentation and training.
IAA offers three key software services:
1. One-CLICK REPORTING
Simple-to-use, web-based applications automatically produce reports, charts, tables or Excel models, tailored precisely to your specifications. We pre-configure everything.
Users self-serve by uploading relevant data, adjusting their preferred settings (if any) and clicking, “Run”.
Case studies: ARPC Cyclone Reinsurance Premium Calculator, SCTP Quote Insights
2. Microsoft Azure deployment
We develop and deploy applications for data transformation and calculations in Microsoft Azure.
Simon is involved in the end-to-end process, from business rule design to coding and testing. This reduces waste and inefficiencies inherent in splitting workflows among different teams.
Furthermore, clients can leverage IAA’s advanced Excel spreadsheet manipulation technology within Microsoft Azure.
Case studies: Microsoft Azure Synapse Analytics IFRS17 Taxonomy Tool
3. VBA Programming
VBA may still be appropriate in certain situations that typically involve spreadsheet automation. However, without appropriate governance, VBA models can easily become costly “black boxes”. As an Actuary and Excel expert with over 15 years of experience, Simon can develop code that is maintainable and upgradeable, and that can be ultimately handed over to your staff.