Good Actuarial Reports - Final top tips

Good actuarial reports final top tips

In this latest blog, we provide an overview of our top tips when writing good actuarial reports.

User requirements
  • Be totally clear who the report is for and what they need from the report before starting work
  • Ensure the report is written using the language/layout required by the user, not the actuary
  • Be concise and avoid jargon
     
Embed report in the whole process
  • Consider what is required in the report before starting work
  • Structure work so that sufficient time is available to complete the report
  • View the report as the communication of the work carried out not as a separate piece of work
     
Scope what is required
  • Consider any changes since the last report was produced
  • Consider whether the users need any additional information to help them understand the issues
  • Identify the best way of communicating the information (charts/graphs/powerpoint)
     
Present solutions, not numbers
  • Focus on the results and the impact of those results on the business
  • Present the results which are relevant to the purpose of the report.  
  • Use Appendices for detail where appropriate.
  • Use different visual representations of the results as appropriate for the audience.
Follow-up and feedback
  • Identify any knowledge gaps amongst the audience and ensure these are covered in future reports
  • Update user requirements prior to the next report

Read the other blogs in this series on Good Actuarial Reports.