We are using Excel with imbedded VBA to organize data and perform reserving study, why should we switch to ReserveMaster?
Excel is a great tool to play with. Actuaries do like Excel a lot. But not all actuaries can fluently write VBA codes in Excel. It is not an easy task for other team members to understand and modify the macros written by one actuary. The Excel models generally contain tons of formulas and links in order to create data triangles. Mistakes can be made easily. Data updating and model maintenance are time consuming. In addition, Excel does not have file/project management function. You need to create many folders to keep many Excel files. ReserveMaster is a powerful triangle processor. It is highly efficient in managing projects. It can import raw data from Excel and export triangles/results to Excel.
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