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Insurance 3
Use Case

Automated Actuarial Modeling with Alteryx One

Empower actuarial teams to prepare data faster, manage assumptions with governance, and orchestrate model runs across AXIS, Prophet, or Python without sacrificing transparency or control.

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Enable Better Outcomes in Automated Actuarial Modeling

Actuarial functions face compressed reporting cycles, new regulatory mandates, and constant reruns that strain overnight batch windows. Teams often spend more time wrangling data than producing insights, while spreadsheet macros and manual handoffs create risk. In fact, actuaries spend more than 50% of their time on data preparation (PwC, 2025). With Alteryx One, insurers cut manual prep by up to 80%, execute thousands of scenarios in governed workflows, and deliver regulator-ready reports with speed and confidence.

Data bottlenecks

Legacy ETL scripts and spreadsheets slow ingestion of policy, claims, and ESG data.

Governance gaps

Lack of version control for assumptions creates compliance and audit challenges.

Execution delays

Overnight batch choke points cause missed valuation deadlines.

Manual validation

Macros and siloed checks limit transparency and increase error risk.

Reporting burden

Manual roll-forwards and spreadsheet mail-merges slow regulatory reporting.

 

How Alteryx One Powers This Use Case

Alteryx One integrates upstream data, manages assumptions with governance, and orchestrates execution across AXIS, Prophet, or Python without altering certified models. Automated validation highlights exceptions, while regulator-ready reporting outputs eliminate spreadsheet mail-merges. The result? Actuarial teams shift from firefighting to forward-looking analysis, with complete transparency for leadership and regulators.

 
Actuarial Modeling Workflow

Integrated data access

Standardizes and consolidates millions of records from policy, claims, reinsurance, and climate sources

Automated workflows

Runs governed workflows for assumptions, batch execution, and validation in a single platform

Advanced analytics & AI

Applies AI tools to assist with data prep, tolerance checks, and anomaly detection

Governance

Provides version control, audit trails, and transparent workflows for regulatory review

 

From Data to Business Value: How It Works

Your data inputs
  • Historical policy, claims, GL, ESG, and reinsurance data
  • API or CLI access to actuarial engines like AXIS or Prophet
  • On-premise or cloud computing resources for model runs
  • Change management support to shift from VBA macros to governed workflows
What Alteryx does
  • Automates data consolidation, cleansing, and validation across millions of records
  • Manages assumptions with catalogs, versioning, and audit-ready change trails
  • Executes batch model runs without editing certified actuarial code
  • Automates validation against benchmarks, tolerance bands, and peer review
  • Generates regulator-ready reporting for IFRS 17, LDTI, Solvency II, and NAIC RBC
How it works for you
  • Actuarial teams spend less time wrangling upstream data and more time analyzing results
  • Modelers run thousands of stress and climate scenarios with same-day turnaround
  • Finance leaders access interactive dashboards to drill from solvency ratios to model-point drivers
  • Governance teams trace every assumption and transformation with transparency
 

Business value & ROI

Reduced model preparation time

Improved data accuracy and control

Faster modeling cycles

 

How Teams Like Yours Turned Challenges into Success

80% reduction

in manual data prep

33–50%

reduction in model cycle time

4M

policies analyzed in a single run

 

We’re able to do in minutes what used to take hours, and that shift has completely changed how our teams think about problem solving.

Steve Konkol

Senior Manager, Business Experience Reporting and Analytics, TruStage Insurance

Read Customer Story
 
 

Roles and Teams Driving Results

  Insurance 1

Insurance

Orchestrate actuarial modeling workflows, from assumption management to scenario execution, while reducing manual processes and governance risk.

 

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Why Choose Alteryx One?

 

What are the Actuarial Modeling Capabilities Unlocked with Alteryx One

 
Data integration

Automate ingestion and cleansing of policy, claims, ESG, and reinsurance data. This ensures AXIS and Prophet receive model-ready inputs without delays.

 
Assumption governance

Maintain version-controlled catalogs of lapse rates, expenses, and discount curves. This gives regulators and auditors full confidence in the inputs driving results.

 
Execution orchestration

Run batch model executions across AXIS, Prophet, or Python with real-time monitoring. This eliminates overnight bottlenecks and accelerates scenario analysis.

 
Automated validation

Compare outputs against benchmarks and tolerance bands. This accelerates root-cause analysis and reduces error risk in actuarial reporting.

 
Regulatory reporting

Generate IFRS 17, LDTI, Solvency II, and NAIC-compliant outputs in transparent, repeatable workflows. This reduces manual reporting burden while ensuring audit readiness.