Is your actuarial or finance department understaffed or struggling with data validation?
WE SPECIALIZE IN PERFORMING DATA VALIDATION EFFICIENTLY AND COST-EFFECTIVELY
Financial companies buy numerous actuarial and risk management data points. The validation of this data takes days of manual work and follow-up emails with the vendors.After years of working on validation processes at top consulting firms, we realized the current solutions are still insufficient. Validations still demand manual effort, leaving room for human error.
Epsinum offers an automated solution that monitors the data you receive and sends you a validation report into your inbox every month with an additional in-depth quarterly review.
VALUE OF EPSINUM
| PROBLEMS WITH CURRENT PROCESS | WITH EPSINUM |
|---|---|
| Time consuming initial development | Short initial integration |
| Maintaning bulky Excel solutions | X |
| Manual copy-pasting of data | X |
| Maintaning versions | X |
| Limited scope of tests | Standard and custom tests |
| Manualy writing reports | Automatic reporting |
| Reporting bugs to vendors | Included |
| Keeping up with vendor fixes | Included |
| Development costs for each vendor output change | Included |
| A separate precurement cycle for each major update | X |
SCENARIOS WE VALIDATE
DETERMINISTIC - Has the vendor provided you with the right curve, right parameters, correct currencies and correct adjustments?
STOCHASTIC - Were your stochastic scenarios generated using the correctly implemented models with correct parameters?
ESG - Did your non-financial disclosures use the latest scenarios with the most up-to-date assumptions?
HOW IT WORKS
1. Kick off workshop
Where you share your current process, we agree on a comprehensive list of checks, delivery schedule.
2. Report in your inbox every month
When a new data dump comes in, the files are shared with Epsinum. The validation is performed, and the results are shared with you.
3. In depth review once a quarter
Once a quarter, Epsinum experts are available for a more comprehensive deep-dive into potential changes, current process and new requirements.
4. Upgrade management
Your scenarios need to grow with your organization and regulatory requirements. When that happens, Epsinum is there to support you.
CONTACT US
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