2005-Dec-01 - Sean Dermody

If you have ever been in the market for actuarial software systems and found that the options available are usually larger than what you need, as well as expensive, you are not alone. This is a common occurrence in the industry, and probably one that as consumers you would like to see changed.

I'm sure you would agree that as individuals and professionals, we are not as common or predictable as software companies think we are. On top of that, you might also agree that our needs and requirements are as different as our own individual fingerprints. Therefore, why do we have to buy a Rolls Royce when we only want to get from point A to point B?

The answer deals with the economics of the industry and is rooted in the profit maximization goals of these firms. They want everyone to buy their systems, and for this to take place, the systems must to be able to do everything imaginable. Unfortunately, this makes the average user waste money on capabilities that will sit in the background and never be touched.

You can't really blame them for this. After all, they are in business to make money and only have the interest of their shareholders in mind. Though shareholders and profits are important considerations, what about the interests of clients and prospective buyers? Shouldn't these factors be involved in the development and pricing of actuarial software products?

At Hause Actuarial Solutions, we firmly believe that they should. That is why we have taken the effort to develop modular actuarial software solutions in order to provide packages that are customizable and cost-conscious. So, if you are looking to "trim some fat" off of your operating expenses as well as have a system which performs that tasks you want, give us a call. Send a message to the industry that the overpriced, super sized, "one size fits all" mentality doesn't work.