r e s e r v e s
WHAT IS INvSIGHT RESERVES?
Reserves is the application of INvSIGHT designed to work with reserves of Non Life liabilities forecasting and valuing cash flows by different methodologies.
AT WHOM IS IT DIRECTED?
It is intended to aid the actuary while estimating reserves from claims triangles with different hypothesis for serveral perspectives (Solvency II, IFRS17, etc).
MAIN FEATURES
Among other characteristics, it is worth mentioning :
Non-Life
- Triangles can be built from claims records and accounting data.
- Incremental triangles as well as accumulated ones are valid as inputs.
- Support for widely used methodologies like Chain Ladder, Bootstrap, Mack Chain Ladder and Bornhuetter-Ferguson.
- Several calculations are provided like cash flows forecast, accounting IBNR, ultimate payments, and the Best Estimate for Solvency II.
- A report comparing the methodologies is generated.
- For a better analysis graphics and statistics are available.
- The Best Estimate calculation can be calibrated by adjusting some parameters like the accident rate, expenses or tacit renewal.
Other features
- Web application deployed in the cloud (Software as a Service, SaaS) which can be accessed by a common browser.
- 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.
- Accuracy, automation and speed with calculations.
- Direct integration with INvSIGHT Solvency and IFRS 17.