Applications > Liabilities
Solvencia para pasivos

l i a b i l i t i e s

WHAT IS INvSIGHT LIABILITIES?

Liabilities is the application of INvSIGHT designed to project and valuate flows of actuarial liabilities, Life, Non-life and Deceasement insurances.

AT WHOM IS IT DIRECTED?

It is intended to assist the actuary in the modeling and generation of flows by streamlining the valuation of the company's liabilities under different hypotheses.

MAIN FEATURES

According to the treatment of the different business-lines, among other characteristics, it is worth mentioning :

Life insurances
  • Cash flow estimation and valuation under Solvency I (Technical Provisions) and Solvency II (Best Estimate Liability BEL considering shocks) for Savings, Risk and Mixed Life products such as Life Annuities, Deferred Capital, RETA, TAR, with PB, etc.
  • Additionally, and for the hypotheses parameterized in the modeling of each product, the evaluation of different scenarios is allowed, such as, for example, selection of tables, variation of fall, expenses, inflation, etc.
  • The programming of the products is susceptible to be open to any user with basic programming skills.
Non-Life / Non-Life, Health insurances
  • From the triangles of incremental payments, the best estimate is estimated applying different methodologies for each business line of non-life and non-life health generating the cash flows of outstanding claims (PSP) and the flows of unearned premium funds (PPNC) ) for both direct insurance and ceded reinsurance.
  • In addition to the Best Estimate of premiums, adjustments to claims and expenses are accepted, as well as the possibility of including tacit renewals in the calculation.
Deceasement insurances
  • Estimation of flows and valuation under Solvency I (Technical Provisions) and Solvency II (Best Estimate Liability BEL considering shocks) for Deceasement products.
Other features
  • Multi-user access according to profiles.
  • Configurable language.

WHAT ADVANTAGES DOES IT OFFER?

  • Simplicity of use and operational agility.
  • Scalability in volume of policies.
  • Modeling of accessible, assisted and open products.
  • Direct integration with INvSIGHT Solvency.