Analysisexcelinsurancegovernance
Insurers Treat Spreadsheets As Governed Enterprise Infrastructure
7.1
As insurers accelerate AI adoption, spreadsheet usage is rising rather than declining, with Excel remaining central to actuarial modeling, pricing, underwriting, reserving, and financial reporting. Surveys (U.S. Census Bureau, UBS) show limited AI deployment and regulatory concern, prompting firms to adopt governance—versioning, validation, audit trails, and API deployment—so AI services can call approved spreadsheet logic with auditability.
Key Points
- 1Document continued spreadsheet centrality across actuarial, pricing, underwriting, reserving, and financial reporting workflows.
- 2Highlight AI risks as generated spreadsheets create opacity, approval drift, and regulatory noncompliance exposures.
- 3Recommend implement governance with versioning, validation evidence, audit trails and API-deployed callable spreadsheet services.
Scoring Rationale
Actionable governance recommendations drive a notable score, but analysis relies on commentary and limited empirical validation.
Sources
Public references used for this report.
Practice with real Health & Insurance data
90 SQL & Python problems · 15 industry datasets
Used by DS/ML engineers at top companies
250 free problems · No credit card
See all Health & Insurance problems
