
30/12/2020
For decades, the reinsurance industry has used Excel for data analysis.
But that is finally changing.
During my time as a technical underwriting analyst, I witnessed the beginning of a transition away from Excel and toward new Python-based tools. These tools enable enhanced data analysis capabilities, performant models, robust codebases and collaborative development environments. The end result is that underwriters can make better decisions, faster.
But, despite obvious improvements to pricing capabilities, not everyone is rushing to adopt Python-enabled technologies.
Who will be the first reinsurer to fully embrace technological change and start hiring the talent needed to support it?
Your guess is as good as mine.
The full story, including lessons learned from three years in the reinsurance industry:
https://amypen*ston.com/ditching-excel-for-python/
I spent 3 years as an analyst in the reinsurance industry. During this time, I witnessed firsthand how Python is driving rapid technological change. (Goodbye, Excel!)