High performance actuarial reserve modeling using AWS Batch
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This article demonstrates how to use AWS Batch for high-performance actuarial reserve modeling in insurance, featuring a reference architecture with AWS Batch, FSx for Lustre, S3, and ECR.
- AWS Batch dynamically provisions optimal compute resources based on job requirements
- FSx for Lustre provides concurrent POSIX file access to S3 data across multiple instances
- Architecture enables elastic scalability with cost optimization using EC2 Spot Instances
- Sample Rust-based simulation calculates insurance claim reserves using exponential and normal distributions
- 10-worker array job completed in 11 minutes 40 seconds, ~10x faster than single batch
- Normalized compute cost per simulation decreases as simulations-per-claim increases
- No additional charge for AWS Batch; pay only for resources consumed
This solution enables insurance companies to efficiently scale actuarial modeling workloads while reducing both time and costs through AWS Batch and FSx for Lustre integration.
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