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Specifications in the Actuarie’s Activities of the Insurance Companies in the Context of Digitalization

Author

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  • Simeon Grigorov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The specific features of the activity of actuaries in insurance are related to their important role in providing effective management systems in conditions of digitalization. Their reports, analyzes and recommendations are becoming even more necessary for insurance companies in the new digital age. Digitalisation poses serious challenges for insurance companies. They have to deal with the constantly changing information data sets that need to be processed, systematized, analyzed and summarized for the needs of management and state insurance supervision. Actuaries have extensive experience in summarizing and analyzing data from insurance operations, and their expert technical advice is extremely important for insurance companies. In the new digital ecosystems, actuaries provide expertise in modeling and optimizing forecasts, supporting for rapid, adequate and intelligent decisions, both in the field of insurance and in the field of management and administration of insurance, financial and business risks that accompany the activity of insurance companies.

Suggested Citation

  • Simeon Grigorov, 2022. "Specifications in the Actuarie’s Activities of the Insurance Companies in the Context of Digitalization," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 299-310, April.
    • Handle: RePEc:nwe:natrud:y:2022:i:1:p:299-310
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/10503
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    More about this item

    Keywords

    insurances; actuaries; digitalization;
    All these keywords.

    JEL classification:

    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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