When we’re exploring using data science tools for actuarial modelling, we’d often like to keep using existing Excel workbooks, which can contain valuable and trusted models and data.
Fortunately, using Python doesn’t mean abandoning Excel as there are some very powerful tools available that allow closely coupled interaction between the two.
These tools allow us to have the “best of both worlds” combining the ease of use of Excel and the power of Python.
We’re going to start with the simplest options and lead through to ways of building workflows that can contain both Excel workbooks and Python code.With the range of tools available, it should be possible to have the ‘best of both worlds’: the familiarity of existing Excel workbooks and the power of the Python ecosystem working together.
Finally, if you’d like to learn more, the author of XLWings, Felix Zumstein, has written an excellent book “Python for Excel“, which covers these topics in more detail. Highly recommended.
Author(s): Carl Dowthwaite
Publication Date: 1 Feb 2022
Publication Site: Jove Actuarial