IBM showed unmatched commitment and technical expertise, and are helping us deliver the flexible solution we need.

—Joe Benbow, Senior Actuary, Westpac Life,

Business Challenge story

How could insurance firm Westpac Life-NZ-Limited (“Westpac Life”) gain faster, deeper insight into its business, while keeping pace with stricter, ever-evolving regulatory requirements?

Transformation

The insurer replaced its legacy actuarial valuation system with a highly flexible, adaptable and easy-to-use IBM® Algo Financial Modeler® solution.

Benefits

The solution will help Westpac Life adapt more easily to the accelerating pace of new regulations, and enable ‘what-ifs’ and trend analysis that will support better strategic decision-making for the business.

Solution Category

  • Other