Insurers have many models built in Excel. The models are core to helping an insurer run their business, either through pricing, risk management or finance.
Excel is fast, widely used and allows you to build complex models.
EASA allows you to do just that. You move the spreadsheet into the EASA environment using the simple Excel wizard. And within a few minutes you have your browser ready model. A few minutes more to connect your data repository and you’re ready to distribute.
It’s no wonder the insurers are using it for pricing.