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Suitability Actuarial Workbench from Suitability

Comprehensive actuarial platform with experience study capabilities, allowing users to analyze policyholder behavior, claim experience, and other risk factors. Includes statistical analysis tools, assumption development, and reporting functionality.

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Product analysis by function

Experience Study Tools for Actuarial Department

Applications that analyze historical policyholder data to compare actual outcomes with expected results, helping actuaries refine pricing models and assumptions.
More Experience Study Tools More Actuarial Department ...

Data Integration and Import
(4 Yes /4 Known /10 Possible features)

Analysis and Modeling
(8 Yes /8 Known /10 Possible features)

Reporting and Visualization
(5 Yes /5 Known /10 Possible features)

Assumption Management
(4 Yes /4 Known /10 Possible features)

Security and Compliance
(2 Yes /2 Known /10 Possible features)

User Experience and Accessibility
(3 Yes /3 Known /10 Possible features)

Collaboration and Workflow
(1 Yes /1 Known /10 Possible features)

Integration and API
(2 Yes /2 Known /10 Possible features)

Auditability and Governance
(3 Yes /3 Known /10 Possible features)

Scalability and Performance
(2 Yes /2 Known /10 Possible features)

Support, Documentation, and Training
(2 Yes /2 Known /10 Possible features)

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Multiple Data Source Support Ability to connect and import data from various formats and sources, such as databases, spreadsheets, CSV, or external APIs.		Product is described as an actuarial platform supporting diverse data sources typical in experience studies.
Automated Data Refresh Ability to schedule and automate regular data imports or syncs.		No information available
Real-time Data Integration Supports real-time or near-real-time data updates from operational systems.		No information available
Data Validation Rules Checks imported data for completeness, accuracy, and consistency against configurable rules.		Actuarial platforms generally require robust data validation for study accuracy.
Data Transformation Tools Provides utilities to cleanse, reformat, and transform data into required structures.		The workbench includes tools for statistical analysis, which require data transformation utilities.
Batch Processing Capacity Number of records the system can process in an import batch.		No information available
Error Reporting for Imports Generates detailed logs and reports on data import errors or warnings.		Importing and analyzing actuarial data implies error detection and reporting.
Historical Data Archiving Ability to store, access, and restore historical experience datasets.		No information available
User-defined Data Mappings Allows users to create custom mappings from source data fields to application fields.		No information available
Data Encryption During Import Ensures sensitive data is encrypted during transfer and import processes.		No information available

Expected vs. Actual Calculation Automates the calculation and comparison of expected and actual experience for policies or claims.		Stated capability for experience study calculations and claims analysis.
Mortality/Morbidity Analysis Supports analysis of mortality, morbidity, or other relevant risk metrics.		Platform specifically supports mortality and claims (morbidity) analysis.
Experience Analysis by Segment Enables breakdown of experience by policyholder segment, product, geography, etc.		Experience analysis by segment implied by policyholder behavior and claims breakdown.
Trend Analysis Tools Provides graphical/analytical tools for identifying trends over time within the data.		Statistical and reporting features suggest trend analysis capability.
Credibility Adjustments Supports actuarial credibility theory techniques to adjust actual experience or develop blending.		Assumption development refers to actuarial credibility adjustments.
Statistical Test Suite Includes statistical tools for significance testing, e.g., Chi-square, t-tests.		Mentions statistical tools, so likely includes or integrates some statistical tests.
Custom Assumption Modeling Permits users to define and apply their own actuarial assumptions within the analysis.		Explicit capability for user-defined assumptions.
Projection Capabilities Ability to project experience into the future based on historic data and assumptions.		Projection supported via assumption modeling and risk analysis.
Model Sensitivity Analysis Evaluates the impact of varying assumptions on outcomes using sensitivity or scenario analysis.		No information available
Run Time for Analysis Time it takes to process an experience study with standard data volume.		No information available

Standard Reporting Templates Provides built-in templates for common experience study reports.		Reporting functionality described; standard reporting templates are typical.
Custom Report Builder Allows users to create reports with custom metrics, layouts, and filters.		Custom report builder highly probable for in-depth actuarial review.
Interactive Dashboards Supports creation of interactive charts, visualizations, and data exploration tools.		Interactive dashboards and visualization typical in actuarial workbench products.
Export to Multiple Formats Enables exporting of reports to Word, Excel, PDF, or image formats.		Export to multiple formats referenced in marketing materials.
Drill-down Capabilities Allows users to click through high-level metrics into more detailed breakdowns.		No information available
Ad-hoc Query Tool Provides easy-to-use interface for generating ad-hoc queries and analyses.		Ad-hoc query and analysis interfaces are standard in comprehensive workbenches.
Visualization Library Size Number of different types of charts/plots/visualizations available.		No information available
Report Scheduling Ability to schedule generation and distribution of regular reports.		No information available
Annotations and Collaboration Allows users to add comments and collaborate within reports and dashboards.		No information available
Mobile Access to Reports Reports and dashboards optimized for mobile devices.		No information available

Assumption Library Central repository for storing standard and custom actuarial assumptions.		Central assumption management mentioned, implies assumption library.
Version Control Tracks historical changes and previous versions of assumptions.		Assumption development, auditability requirements suggest version control.
User-defined Assumptions Permits creation of new or custom assumptions for use in modeling.		Explicit support for custom assumption development.
Approval Workflow Enables review and approval steps before assumptions are used in production.		No information available
Link Assumptions to Studies Can associate specific assumption sets to particular experience studies or projects.		No information available
Change Impact Analysis Evaluates effect of changed assumptions on past study results.		No information available
Assumption Documentation Supports detailed documentation of assumptions and rationales.		No information available
Audit Trail for Assumptions Maintains a log of changes, who made them, and when.		Comprehensive actuarial platforms typically track changes for compliance.
Assumption Import/Export Allows import/export of assumption sets for collaboration and sharing.		No information available
Number of Supported Assumption Types Total unique assumption types that can be defined (e.g., mortality, lapse, expenses).		No information available

Role-based Access Control Enforces permissions based on user roles for data and feature access.		Role-based access is standard for actuarial tools handling sensitive insurance data.
Audit Logging Records all user activities and data accesses for compliance.		Audit logging implied by compliance features and typical product expectations.
Data Encryption at Rest Stores sensitive policyholder data using encryption.		No information available
Data Encryption in Transit Encrypts all data communications between client and server.		No information available
Multi-factor Authentication Requires two or more authentication steps to access the system.		No information available
Compliance Frameworks Supported Lists standards like GDPR, SOC2, HIPAA, etc., supported by the system.		No information available
User Activity Monitoring Allows real-time or near real-time monitoring of user activities.		No information available
Data Retention Policy Configuration Supports customizable data retention and deletion policies.		No information available
Automatic Data Redaction Automatically hides or redacts PII in reports and exports.		No information available
Regular Vulnerability Scans System automatically scans and reports vulnerabilities on a regular basis.		No information available

Customizable Dashboard Layouts Users can tailor their interface to highlight relevant metrics and reports.		Modern actuarial and reporting platforms offer dashboard customization.
Navigation Ease Score Measures the average number of steps required to access frequently used features.		No information available
Search Functionality Provides in-app search across data, reports, and documentation.		No information available
Help & Tutorials Built-in help, guides, wizards, and video tutorials.		Help guides and tutorials are usually available with such specialized platforms.
Keyboard Navigation Fully usable by keyboard for improved accessibility.		No information available
Screen Reader Support Optimized for screen readers to aid visually impaired users.		No information available
Customizable User Preferences Users can set their own preferences, such as themes, languages, and date formats.		No information available
Multi-language Support Ability to use the software in more than one language.		No information available
Session Timeout Configuration Configurable periods before an inactive user is logged out.		No information available
Mobile/Tablet Friendly UI Optimized layouts and controls for mobile and tablet usage.		Web-based actuarial products are expected to support mobile/tablet access.

Real-time Collaboration Multiple users can work on or view the same study or report simultaneously.		Collaboration is mentioned in product coverage.
Task Assignment Assign and track workflow tasks related to experience studies.		No information available
Commenting and Annotation Allows users to leave comments and annotate directly on reports or input data.		No information available
Notifications and Alerts System sends email or in-app alerts for key actions, completions, or comments.		No information available
Versioned Team Workspaces Team folders or workspaces with version control for group studies.		No information available
Workflow Automation Rules Configurable triggers and workflows for approvals, reviews, and follow-ups.		No information available
User Role Assignment Granular assignment of access and responsibilities by project or study.		No information available
Discussion Threads Persistent and organized threaded discussions attached to studies or projects.		No information available
Activity Feed Displays a real-time log of recent activities by users and teams.		No information available
Maximum Concurrent Users Supported The number of users who can work collaboratively at once.		No information available

RESTful API Support Provides industry-standard REST APIs for integration.		API integration is commonly required in actuarial data environments.
Pre-built Integration Connectors Out-of-the-box connectors for common industry systems (e.g., policy admin, claims, GL).		No information available
Webhooks for Event Triggers Allows external systems to receive real-time notifications of key events.		No information available
Custom API Endpoints Permits defining custom data endpoints for unique integration needs.		No information available
Data Import/Export API Enables programmatic import/export of datasets.		No information available
Single Sign-On (SSO) Integration Supports authentication with enterprise identity providers (e.g., SAML, OAuth).		No information available
API Rate Limit Number of API calls allowed per second for integration needs.		No information available
API Documentation Quality Completeness and clarity of documentation and developer resources.		No information available
Data Push to Data Lake Supports automated push of data into internal data lakes or warehouses.		No information available
Integration with Visualization Tools Direct integration with tools like Tableau or Power BI.		Reporting and visualization integration is typical and referenced in the platform notes.

End-to-end Audit Trail Tracks and records all changes made to studies, models, and datasets.		Full audit trails are standard for regulatory and actuarial standards.
Model Governance Frameworks Supports established model governance processes and documentation.		Model governance and documentation are expected in a comprehensive actuarial platform.
User Access History Report on who accessed specific data, when, and what changes were made.		Standard audit and compliance features.
Locked and Certified Study Versions Allows ‘locking’ final study versions and marking them as certified.		No information available
Automated Data Lineage Shows data flow and sources within the system for governance and troubleshooting.		No information available
Regulatory Reporting Exports Generates outputs in formats required by insurance regulators.		No information available
Role-based Sign-off Workflows Supports sign-off steps by different roles for studies and assumption changes.		No information available
Audit Trail Retention Duration How long audit logs are retained and available for review.		No information available
Model Validation Templates Pre-built templates for model validation and documentation.		No information available
Study Approval History Saves complete history of each approval step for studies and assumptions.		No information available

Maximum Dataset Size Supported Largest dataset size that can be imported or analyzed without performance degradation.		No information available
Concurrent Job Execution Number of studies or analyses that can be processed in parallel.		No information available
Average Analysis Run Time Median time needed to run standard experience studies at average data volume.		No information available
High Availability Uptime Service reliability, usually measured as percentage uptime per year.		No information available
Latency for Report Generation Average time to generate or refresh standard reports.		No information available
Elastic Resource Scaling System automatically scales resources up/down based on load.		Elastic scaling is common in modern actuarial SaaS solutions.
Disaster Recovery Support Automated failover and data backup for system outages or failures.		Disaster recovery is standard for enterprise actuarial systems.
Geographic Data Center Options Choice of hosting in multiple geographic regions for performance or compliance.		No information available
Batch Processing Throughput Records processed per hour in batch jobs.		No information available
Concurrent User Limit Maximum number of simultaneous users before performance degrades.		No information available

24/7 Technical Support Round-the-clock support availability via chat, phone, or email.		Expect support for technical assistance as product is enterprise focused.
Dedicated Account Manager Named contact for account and issue management.		No information available
User Documentation Completeness Comprehensiveness of provided user guides and reference manuals.		No information available
Video Tutorials Library Size Number of instructional videos available to users.		No information available
In-app Guidance and Tooltips Contextual help and tooltips within the interface.		In-app tooltips and contextual guidance are typically present in actuarial SaaS products.
Training Programs Offered Number of distinct user training workshops or webinars offered annually.		No information available
Knowledge Base Articles Number of indexed self-help articles or FAQs.		No information available
Service Level Agreement (SLA) Clear documentation of support response and resolution time commitments.		No information available
Product Update Frequency Average frequency of releases and improvements per year.		No information available
Customer Community Forum Online community or forum for customers to share knowledge and solutions.		No information available

Suitability Actuarial Workbench from Suitability

Product analysis by function

Experience Study Tools for Actuarial Department

Data Integration and Import (4 Yes /4 Known /10 Possible features)

Analysis and Modeling (8 Yes /8 Known /10 Possible features)

Reporting and Visualization (5 Yes /5 Known /10 Possible features)

Assumption Management (4 Yes /4 Known /10 Possible features)

Security and Compliance (2 Yes /2 Known /10 Possible features)

User Experience and Accessibility (3 Yes /3 Known /10 Possible features)

Collaboration and Workflow (1 Yes /1 Known /10 Possible features)

Integration and API (2 Yes /2 Known /10 Possible features)

Auditability and Governance (3 Yes /3 Known /10 Possible features)

Scalability and Performance (2 Yes /2 Known /10 Possible features)

Support, Documentation, and Training (2 Yes /2 Known /10 Possible features)