Introducing the Excel Model Adapter
Excel Spreadsheets have been used within businesses to model simple problems for decades. Spreadsheet solutions which often start out as well-controlled and simple prototypes are often added to over time becoming more unwieldy and less transparent. The level of control or governance applied to these end-user solutions is rarely adequate; whilst it is possible to install some level of control using passwords this is still not secure and there is no automated record of changes made to spreadsheets.
The ideal solution in many cases would be for these spreadsheets to have been developed in modelling software but often the materiality of the results produced, and everincreasing time pressures leads to little appetite for such development to be carried out.
Developed for actuarial, finance & risk functions, the Excel Model Adapter (EMA) transforms any end-user developed spreadsheet application into a fully operational model. The EMA can be used across the entire insurance enterprise and will be available in two editions: