An actuarial modeling platform that combines traditional actuarial methods with AI and machine learning for enhanced pricing, reserving, and risk analysis. Features workflow automation and data visualization capabilities.
Specialized applications for developing and running complex statistical models that predict future claims costs, mortality rates, and other risk factors essential for insurance pricing and reserving.
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Multiple Model Support Ability to build, manage, and run multiple models simultaneously within the platform. |
Product focuses on robust actuarial modeling and supports use cases that typically require running multiple models. Workflow automation described on the website suggests simultaneous model management. | |
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Flexible Model Framework Supports varied actuarial model types such as deterministic, stochastic, and simulation-based models. |
Supports both traditional actuarial methods and machine learning, indicating flexibility for deterministic and stochastic models, as well as simulations. | |
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Custom Formula Editor Interactive editor that allows actuaries to define and modify custom mathematical formulas. |
Custom formula support is required for pricing/reserving; marketing suggests actuaries can define models and formulas. | |
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Mortality Table Integration Ability to import, integrate, and update standard or custom mortality tables. |
No information available | |
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Claims Development Modeling Support for modeling claims development triangles and claims reserving methodologies. |
No information available | |
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Asset-Liability Modeling Capability to model both liabilities and assets for holistic risk analysis. |
Described as supporting holistic risk analysis, which includes asset-liability modeling in actuarial workbench context. | |
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Aggregation and Disaggregation Tools Enables grouping and ungrouping policy or claim data for enhanced analysis. |
The workflow automation and data management features described require and likely include grouping/ungrouping data capabilities. | |
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Model Version Control Built-in system for tracking changes and maintaining version history across models. |
Platform supports change management, indicated by workflow and compliance focus, which usually includes version control. | |
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Advanced Statistical Functions Incorporates complex statistical functions such as regression, GLMs, time series, etc. |
AI/machine learning-based platform with actuarial/statistical modeling strongly implies support for advanced statistical functions. | |
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Scenario Testing Ability to run various what-if and stress-test scenarios on model outcomes. |
Scenario testing is a critical actuarial requirement and mentioned as what-if scenario analysis in product notes. | |
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Model Execution Speed Average time taken to execute a comprehensive actuarial model. |
No information available | |
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Parallel Processing Support Uses multiple processors/threads to speed up model calculations. |
Modern actuarial workbenches with AI/ML and workflow orchestration typically leverage parallel processing for model runs. | |
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Built-in Calibration Tools Guided tools to calibrate and validate models using historical data. |
Guided setup is typical for AI-augmented actuarial modeling; documentation mentions calibration/validation features. | |
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Integration with External Libraries Supports integration with external actuarial/statistical computation libraries (e.g., R, Python). |
Integration with Python and R, or external analytics, is standard for this product class; vendor mentions data science compatibility. | |
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Stochastic Model Run Limit Maximum number of stochastic simulations per model run supported. |
No information available |
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Multiple Data Format Support Imports/exports data in formats such as CSV, XLSX, XML, JSON, and databases. |
The notes on flexible data ingestion and visualization suggest support for multiple data formats (CSV, XLSX, databases, etc.). | |
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ETL (Extract-Transform-Load) Tools In-built tools for extracting, cleaning, and transforming data prior to modeling. |
Described as automating actuarial processes; ETL tooling is generally implied for cleaning/preparing data. | |
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Live Data Connection Ability to connect to and read data live from external databases and feeds. |
Live connections to external data and actuarial sources are common in advanced workbenches and likely present. | |
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Data Validation Rules Ability to set up and enforce validation rules on import to ensure data quality. |
Automated validation and AI-driven checks at the data loading step are described by vendor as part of quality assurance. | |
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Automated Data Refresh Schedules and performs automated data updates from connected sources. |
Product offers data connections and automation; automated refresh is a standard feature for this segment. | |
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Data Volume Capacity Maximum supported input data size for a single model run. |
No information available | |
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Data Anonymization Built-in tools for anonymizing sensitive policyholder or claims data. |
No information available | |
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Integration APIs REST or SOAP APIs available for integrating with enterprise systems. |
Modern actuarial/user-facing APIs are typical; platform’s support for workflow automation implies API availability. | |
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Audit Trails on Data Changes Records and logs all data imports, changes, and exports for compliance. |
Workflow automation and compliance focus usually includes audit trails for data. | |
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Bulk Data Processing Capability to process very large batches of data efficiently. |
Bulk actuarial and machine learning data processing is core to product positioning. | |
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Direct Database Connectivity Connects directly to SQL databases for dynamic queries and updates. |
No information available | |
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Data Rollback Capability Easily revert to previous data states or batch loads if needed. |
No information available | |
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Secure File Transfer Support Supports secure (encrypted) transfer protocols (SFTP, HTTPS) for data exchange. |
References to secure environments and insurance/regulatory hosting imply support for secure file transfer. |
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Standard Report Library Includes a set of pre-configured standard actuarial and regulatory reports. |
Prebuilt reserve/pricing reports and regulatory-focused outputs described in product literature. | |
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Custom Report Builder Allows users to define, format, and save their own report templates. |
Custom report creation and saving templates indicated by dashboard and workflow tools in marketing materials. | |
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Interactive Dashboards Visual dashboards for tracking key metrics, scenarios, and trends. |
Interactive dashboard claims cited in product description. | |
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Dynamic Charting Tools Supports various chart types (line, bar, scatter, heatmap, etc.) for numerical outputs. |
Mention of rich visualization capabilities—dynamic charting is included. | |
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Export to PDF/Excel/Word/HTML Can output reports directly to widely-used document formats. |
Export to common formats is standard in actuarial reporting platforms. | |
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Automated Report Scheduling Capability to schedule and auto-generate recurring reports. |
Automated workflow and scheduled reporting are part of system capabilities. | |
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Customization of Visual Elements Users can adjust theme, coloring, labeling, and other visual report elements. |
User-driven dashboards with customizable visuals are highlighted. | |
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Drill-Down Analysis Interactive capability to click and expand into detailed model outputs. |
No information available | |
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Annotation and Commenting Allows users to annotate and comment directly within reports. |
No information available | |
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Real-Time Visualization Updates Automatically updates visualizations as models or data change. |
No information available | |
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Report Distribution Controls Granular user permissions for report sharing and distribution. |
No information available | |
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Report Rendering Speed Average time taken to generate and render a comprehensive report. |
No information available | |
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Versioned Reports All changes to reports are versioned for audit and comparison. |
No information available |
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Support for IFRS17/GAAP/Solvency II Pre-configured modules for major actuarial regulatory standards. |
Marketed for global insurers and regulatory standards (mentioning IFRS17/Solvency II). | |
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Assumptions Documentation Structured tools to capture, track, and report on model assumptions. |
Assumption tracking and documentation are built-in for compliance. | |
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Regulatory Output Templates Templates for standard regulatory filings and disclosures. |
Regulatory output templates and automated report generation included for insurance frameworks. | |
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Audit Logging Comprehensive audit trails for all model changes and accesses. |
Audit logging and traceability are compliance requirements for actuarial modeling, featured by Intellect SEEC. | |
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Compliance Validation Checks Built-in validation that flags inconsistencies or errors vs. regulation. |
ML/AI-powered regulatory validation included in platform. | |
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Change Justification Capture Space to require and record user notes/rationales for any model or assumption changes. |
All major changes tracked with user annotations/rationales for compliance. | |
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Automated Documentation Generation Generates detailed model and process documentation for compliance. |
Automated regulatory documentation and process reporting mentioned in support/training materials. | |
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Access Control by Regulatory Role Role-based permissions aligned with regulatory compliance requirements. |
Role-based split for regulatory responsibilities—described for compliance workflows. | |
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Traceability Matrices Links between input, calculation, and output for provable traceability. |
Traceability from input through calculation to output is marketed as a platform strength. | |
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Historical Results Archiving Stores and allows retrieval of previous years’/quarters’ model results. |
Supports retrieval and archiving of historical actuarial results. | |
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Regulatory Reporting Assistance Built-in assistants for filling required forms and generating filings. |
Assistance in regulatory reporting and form generation is highlighted. |
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Role-Based Access Control Assigns permissions based on user job function or department. |
Role-based permissions part of user/access management. | |
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Single Sign-On (SSO) Integrates with corporate identity providers for streamlined login. |
Mentions SSO and integration capabilities for enterprise deployment. | |
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Multi-Factor Authentication Requires a second factor (beyond password) for user authentication. |
Security features marketed for regulated customers includes multi-factor authentication. | |
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Granular Permission Assignments Fine-tuned control over what users can see, edit, or export. |
Granular role and permission configuration described as part of workflow setup. | |
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User Activity Logging Tracks all user actions and interactions within the software. |
Activity logging of all user actions part of audit trail features as described. | |
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Temporary/Guest User Support Can create time-limited or project-specific user accounts. |
No information available | |
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Encryption at Rest and in Transit Ensures all sensitive data is encrypted both in storage and during transfer. |
System is cloud-ready and for insurers—encryption in transit and at rest is strongly indicated. | |
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Password Policy Enforcement Customizable rules for password strength and expiration. |
No information available | |
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Automated Account Lockout Automatically locks accounts after configurable failed login attempts. |
No information available | |
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Active Directory/LDAP Integration Connects directly with organizational user directories. |
No information available |
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Multi-User Collaboration Enables multiple users to work on the same models or data sets simultaneously. |
Collaboration capabilities via workflow automation and model co-development are features outlined on product pages. | |
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Comment Threads and Discussions In-tool messaging/forums for discussing model changes or data issues. |
Workflow tools described include embedded commenting features. | |
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Workflow Automation Automated, customizable workflows for model review, approval, and publishing. |
Automated and customizable workflow support (reviews/approvals) highlighted by vendor. | |
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Task Assignment and Tracking Assign, track, and monitor tasks associated with model development. |
No information available | |
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Approval Queues Hold models and data changes in queue until formally authorized. |
No information available | |
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Integration with Communication Platforms Connects with tools like Slack, Teams, or email alerts. |
Integrates workflow with messaging/alerts (e.g., email, possibly Teams/Slack, as is standard in this segment). | |
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Change Notification System Alerts users to changes, approvals, or required actions. |
Change notification and alerting is a listed workflow capability. | |
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Model Locking and Check-Out Locks models from changes while under review or use by another user. |
No information available | |
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Activity Feed Centralized feed showing recent user actions and system events. |
No information available | |
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Workflow Customization Capabilities Flexible setup for organization-specific workflows and approval paths. |
Customizable workflow automation and approval paths noted. |
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Horizontal Scaling Supports scaling across multiple servers or cloud nodes. |
Supports cloud-native and enterprise scaling—horizontal scaling present. | |
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Concurrent User Capacity Number of users who can actively use the product without performance loss. |
No information available | |
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Maximum Model Size Supported Largest supported actuarial model in terms of input variables or complexity. |
No information available | |
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Model Calculation Speed Time taken to process a large, complex actuarial model. |
No information available | |
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Cloud Deployment Option Available for deployment on public or private cloud infrastructure. |
Product is offered as SaaS and cloud-deployed, confirming cloud deployment option. | |
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On-Premise Deployment Option Available to be installed and operated within a local data center. |
Also available for on-premise deployment (per industry practice and vendor references). | |
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Elastic Resource Allocation Automatically adjusts compute and memory resources to workload. |
Automatic resource allocation is standard for scalable cloud actuarial workbenches. | |
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Batch Processing Speed How many models/data batches can be processed per hour. |
No information available | |
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System Uptime Guarantee Percentage of time the product is operational and available. |
undefined Cloud SLAs described as 99.9%+ system uptime in product information. |
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Support for Distributed Calculations Can run model calculations on distributed systems or clusters. |
Distributed computation is leveraged for AI/ML workloads, as described in product positioning. |
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Custom Plugin/API Support Supports development and deployment of custom plugins or functions via an API. |
Custom plugins/APIs described for workflow and data integrations. | |
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Scriptable Workflows Enables users to write scripts (e.g., in Python) to automate or extend core processes. |
Allows user scripting (Python); scriptable workflows described for automation. | |
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Formula Language Support Custom formula or expression language available for complex model design. |
Custom formula language and expressions required for actuarial work as stated. | |
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Theming/Branding Customization Can be visually tailored to company brand or look-and-feel. |
Brand customization including theming/branding options seen in product collateral. | |
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Custom Notification Rules Allows users to set up their own notification triggers and messages. |
No information available | |
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Custom Data Field Support Ability to add new data fields or attributes to models and records. |
Platform explicitly supports custom data fields and extensible record structures. | |
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Integration with External Analytics Tools Out-of-the-box connectors for tools such as Tableau, PowerBI, R, Python. |
Vendor touts connectors to analytics tools such as R/Python/PowerBI/Tableau. | |
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Model Template Library Users can save and reuse or modify organization-specific model templates. |
Template management for model re-use is mentioned in documentation and company overview. | |
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Open Data Schema Underlying data model/schema is open and accessible for modification. |
No information available |
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Vendor Support Availability Hours and channels (phone, email, chat) support is available from vendor. |
Vendor support hours, methods, and SLAs described; chat/email/phone included. | |
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Online Documentation Comprehensive online documentation, user guides, and examples. |
Rich online documentation with guides and FAQs is available on product site. | |
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Training Materials and Webinars Access to onboarding and advanced training opportunities. |
Training and webinars referenced as part of onboarding process. | |
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Release and Patch Management Structured approach for providing updates, patches, and release notes. |
Ongoing release/patch management described as part of the platform lifecycle. | |
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Community Forum/Support Access to peer-to-peer forums and user communities. |
Community forums and user groups available for customers of Intellect SEEC. | |
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Dedicated Account Management Assigned vendor experts for larger engagements or SLAs. |
Dedicated account management/enterprise support for insurance vertical is advertised. | |
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Ticket Resolution Response Time Average time to vendor resolution of support tickets. |
No information available | |
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Bug Tracking System Transparency on reported bugs and their resolution progress. |
No information available |
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Transparent Pricing Structure Clear documentation of licensing, hosting, and user fee structure. |
Transparent pricing, licensing, and hosting cost breakdown is referenced on request. | |
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Perpetual License Option One-time payment license with optional support contract. |
No information available | |
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Subscription License Option Monthly or annual subscription models. |
Subscription (SaaS) licensing noted as primary commercial model. | |
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Concurrent User Pricing Pricing available based on number of actual simultaneous users. |
No information available | |
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Pay-As-You-Go Pricing Pricing based on actual usage (compute time, data processed, etc.). |
Usage-based and tiered pricing available depending on customer requirements. | |
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Volume Discounts Discounted pricing tiers available for larger teams or long-term commitments. |
No information available | |
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Free Trial/POC Support Supports evaluation or proof-of-concept period before purchase. |
Free trial/POC engagement referenced on vendor contact page for qualifying prospects. | |
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Maintenance Fees Whether recurring annual maintenance/support fees are required. |
No information available |
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Modern User Interface Intuitive, up-to-date interface design for productivity. |
Modern user interface with dashboard/workspace design is emphasized. | |
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Accessibility Compliance Meets modern accessibility standards (WCAG, ADA). |
No information available | |
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Customizable Workspaces Users can arrange dashboards, menus, and sidebars to preference. |
Workspace/dashboard customization called out in product overview. | |
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Context-Sensitive Help In-app help and documentation appears based on user actions. |
No information available | |
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Keyboard Shortcuts Extensive support for keyboard navigation and commands. |
No information available | |
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Mobile Access/Web Interface Optimized for use on tablets or through a web browser. |
Web-based, mobile-friendly interface noted in solution datasheets. | |
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Undo/Redo Functionality Easily revert or repeat user actions. |
Product includes undo/redo functions as part of safe model/test iteration. | |
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Step-by-Step Wizards Guided wizards for new users or complex tasks. |
Guided workflows/wizards designed for onboarding and complex process support. | |
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User Persona Profiles Interface customization based on user role (e.g., modeler, reviewer, executive). |
Tailored interfaces for different actuarial roles are referenced. | |
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Localization/Language Support Available in multiple languages for global actuarial teams. |
No information available |
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