Implementing regulatory and supervisory requirements and criteria for risk control and company organisation necessitates the use of premium solutions, either individually or in combination.
Addactis® IntuitionSoftware for Simulation and Benchmarking
Assess the impacts of strategic decisions on the return and risk profile of your insurance company. You can also compare your company’s performance with your peers and identify potential for optimisation.
- Multi-year planning and reverse engineering to quantify in real time the effects on the balance sheet and income statement
- Preparation of internal and external market data for analysis of the competition
Addactis® IBNRS®Software for reserving
Both classical and innovative calculation methods, such as Reversible Jump Markov Chain Monte Carlo or Individual Claims Reserving, allow you to specifically calculate your reserve requirements.
- Calculation and monitoring of reserves according to the Swiss Solvency Test (SST) and Solvency II
- Compliance with national and international accounting principles (Swiss Code of Obligations, Swiss GAAP FER, IFRS, US-GAAP etc.), also with a view to drafting the statutory financial statements or balance sheet
«[…] Addactis® IBNRS® is a state of the art reserving software offering a great flexibility and an intuitive access to the reserving process. From the group perspective, it was decisive to have the enterprise feature, which eases and improves the communication a lot between the group actuarial team and the local actuaries. Also reflecting the SII requirements made this software very valuable for us. […]» Dr. Thomas Schneeweis
Head Actuary Group NL, Helvetia Insurance Appraisal of Helvetia Insurance
Addactis® PricingSoftware for pricing
For pricing insurance products, a powerful GLM engine is available that ensures efficient processing of high data volumes and in-depth analysis of results.
- Process-oriented premium pricing of insurance products: from data preparation via risk and tariff modeling, customer behaviour impact (with price elasticity) and profit testing through to price simulation
- Integration of data science or machine learning methods in the pricing process for optimised tariff settings
Addactis® ModelingSoftware for modeling and risk management
The holistic modeling of risks based on current research status makes it quick and easy to simulate economic scenarios. You can use dashboards to illustrate the impacts to your senior management.
- Modeling of projections, prognosis, optimization, simulation of scenarios, and stress testing in order to ascertain key ratios for the Swiss Solvency Test (SST) and Solvency II, (Enterprise) Risk Management (ERM) and profitability analysis
- Treatment of cash flows from assets and liabilities, financial and balance sheet figures (including closings according to national and international accounting standards), own risk and solvency assessment (ORSA), Asset Liability Management (ALM), etc.
Addactis® OneSoftware for reporting
You can comfortably meet your regulatory reporting obligations, as the reporting makes it possible to model the entire supply chain from data preparation to electronic transfer of taxonomically accurate reports to the authorities.
- Computations on entity and group level, validation of consolidated data and generation of the comprehensive quantitative and qualitative reporting, including a full audit trail
- Central administration and archiving of reports and calculation methods based on a dedicated database
Addactis® WorkflowSoftware for data and workflow management
Workflow management means that it takes very little time to structure all insurance processes in a standard framework. This increases the quality, transparency and flexibility of your individual business processes.
- Platform for automated, progressive and transparent data integration, implementation of operations and events, as well as monitoring of running processes and the embedding of Addactis® software modules
- Data management for extraction, transformation, export and import of data sets from and to any source and consolidation system
«[…] Additionally we are using Addactis® Workflow as a perfect completion of Addactis® IBNRS® – this intuitive and fast software allows the actuaries a much better control over the data preparation process and much deeper insights in the data […]» Dr. Thomas Schneeweis
Head Actuary Group NL, Helvetia Insurance Appraisal of Helvetia Insurance
EffixisSoftware for specific risk requirements
Use the experience and expertise of Effixis in applying quantitative methods and software engineering to design your own risk ecosystem and to maintain an overview at all times.
- Implementation of the market and credit risk model compliant with Swiss Solvency Test (SST) for capital management and optimisation of the SST ratio tailored to your business plan
- Application of data mining and machine learning on financial and insurance data to achieve descriptive data analytics