Six Step Guide to Managing Spreadsheet Risk for Insurers
Insurers face an uncertain future as the final stages of Solvency II and its accompanying internal models for managing capital adequacy are debated and finalised. The FSA has stated that one of the biggest risks for insurance companies in the run-up to Solvency II is managing the data contained in large estates of spreadsheets that exist within the business.
Spreadsheets are a business critical tool for any organisation and will always be in demand with end-users. Rather than attempt to
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