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Insurance Connecticut

W.R. Berkley Corporation: Actuarial productivity increased 60%

Actuarial team spent 60% of time on SAS data assembly. Monthly close took 8 days.

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The Challenge

Why W.R. Berkley Corporation Needed a Power BI Solution

Actuarial team spent 60% of time on SAS data assembly. Monthly close took 8 days.

The Solution

What We Built

Azure Synapse replacing SAS data prep. Power BI for loss ratio, combined ratio, and reserve development by line.

Technologies: Azure Synapse Analytics, Power BI Premium, DirectQuery

The Results

Measurable Outcomes

Actuarial productivity increased 60%

Monthly close from 8 days to 3 days. Reserve analysis now on demand.

“Watching our actuaries move data around in SAS was painful. Power BI freed them to actually think.”
— Chief Actuary, W.R. Berkley Corporation
FAQ

Insurance Power BI — Common Questions

Azure Synapse replacing SAS data prep. Power BI for loss ratio, combined ratio, and reserve development by line.
Actuarial productivity increased 60%. Monthly close from 8 days to 3 days. Reserve analysis now on demand.
Most Power BI projects of this scope are delivered in 8-16 weeks. Working dashboards appear within the first 2 weeks.
Azure Synapse Analytics, Power BI Premium, DirectQuery

Project Summary

Industry
Insurance
Location
Greenwich, CT
Key Result
Actuarial productivity increased 60%
Contact
Chief Actuary
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