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 Examples
of what goes wrong with Spreadsheets in Insurance
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Below are stories relating to spreadsheet errors found
in insurance. Remember also, that these are the published stories only. We know of many
other that cannot be published, and it would surprise us if any large
organisation could claim to never having a spreadsheet error in the years
they have been operating. |
If you already know that spreadsheet errors are an issue, then why not
see how a tool like Spreadsheet Professional can assist you. See more on
the Spreadsheet Professional pages.
All
stories courtesy the European Spreadsheet Risks Interest Group Site www.eusprig.org
| Insurance |
James Hardie Actuarial Expert Witness Report, KPMG
Actuaries Pty Ltd 4 June 2004
Level of asbestos liabilities overstated by $5 million as a
result of spreadsheet errors. |
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