Press
FARMINGTON, CT, May 11, 2008 – Article "New Wrinkles in Spreadsheets" by Ugur Kadakal, CEO of Pagos, published in Contingencies – the magazine of the actuarial profession.
About Contingencies
Contingencies (www.contingencies.org) is a bimonthly, full-color magazine that explores the issues driving the insurance and financial services industries. It is written for actuaries as well as general readers with an interest in a range of financial and social concerns. Readers include professionals in fields such as law, risk management, and benefit administration, as well as government policy-makers. Articles tackle subjects that are important to our readers—Social Security, Medicare, managed health care, insurance regulation, benefits trends, and more.
Contingencies is published by the American Academy of Actuaries.
Excerpt from the article "New Wrinkles in Spreadsheets"
by Ugur Kadakal, CEO of Pagos, Inc.
If you were to canvass working actuaries as to what single
software package they use the most in the course of their
duties, a majority would probably answer spreadsheets.
If you questioned only younger actuaries, you might even
find some who are unable to imagine how the profession
functioned before the advent of spreadsheet software.
It’s easy to see why. Spreadsheet software offers the flexibility
to visualize and manipulate large data sets coupled with the
ability to develop sophisticated calculation algorithms using
an array of built-in formula libraries. But despite their
widespread use, spreadsheets aren’t the perfect software
for actuarial work.
As a provider of web-based spreadsheet technologies and
services, I am very aware of technical challenges and other
issues that still exist. For one, it’s difficult to integrate actuarial
spreadsheet models with web-based enterprise insurance
applications. This forces insurance organizations to rewrite
their sophisticated models into traditional programming
languages to achieve enterpriselevel integration.
[...]
The complete article is available on the website of the Contingencies magazine (www.contingencies.org) – or for direct download click here.
Press contact
Ugur Kadakal
Pagos, Inc.
info@pagos.com
1031 Farmington Avenue
Farmington, CT 06032
Tel: (860) 674-9100
Fax: (860) 674-8430