Integrated actuarial modeling platform with robust experience study capabilities. Supports analysis of mortality, morbidity, lapse, and other policyholder behaviors, with tools for assumption development, reporting, and documentation.
Applications that analyze historical policyholder data to compare actual outcomes with expected results, helping actuaries refine pricing models and assumptions.
More Experience Study Tools
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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. |
PolySystems supports import of data from multiple administrator and source systems, and can work with various file formats and feeds for experience studies. | |
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Automated Data Refresh Ability to schedule and automate regular data imports or syncs. |
Product documentation references automated and scheduled import and updating of data for ongoing experience studies. | |
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Real-time Data Integration Supports real-time or near-real-time data updates from operational systems. |
PolySystems offers near-real-time and frequent data syncing options for ongoing studies, as indicated in user guides/datasheets. | |
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Data Validation Rules Checks imported data for completeness, accuracy, and consistency against configurable rules. |
Supports user-configurable validation for data completeness and quality during batch imports. | |
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Data Transformation Tools Provides utilities to cleanse, reformat, and transform data into required structures. |
Data transformation occurs as part of import/ETL; platform supports cleansing and formatting. | |
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Batch Processing Capacity Number of records the system can process in an import batch. |
No information available | |
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Error Reporting for Imports Generates detailed logs and reports on data import errors or warnings. |
Import modules generate error logs and detailed validation reports for imported records. | |
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Historical Data Archiving Ability to store, access, and restore historical experience datasets. |
System maintains archivable project history and prior study datasets for audit and restoration. | |
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User-defined Data Mappings Allows users to create custom mappings from source data fields to application fields. |
Users can define custom data field mappings during import setup. | |
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Data Encryption During Import Ensures sensitive data is encrypted during transfer and import processes. |
Most PolySystems deployments use encrypted channels for transfers and can enable at-rest encryption if desired. |
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Expected vs. Actual Calculation Automates the calculation and comparison of expected and actual experience for policies or claims. |
Product provides direct functionality to calculate and compare expected vs actual experience for policies and claims. | |
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Mortality/Morbidity Analysis Supports analysis of mortality, morbidity, or other relevant risk metrics. |
Supports mortality, morbidity, and additional insurance-specific analyses as standard. | |
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Experience Analysis by Segment Enables breakdown of experience by policyholder segment, product, geography, etc. |
Experience can be sliced by product, geography, distribution channel, and custom policyholder segments. | |
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Trend Analysis Tools Provides graphical/analytical tools for identifying trends over time within the data. |
Trend analysis and time-series visualization tools are included in experience study functionality. | |
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Credibility Adjustments Supports actuarial credibility theory techniques to adjust actual experience or develop blending. |
Supports credibility weighting, blending, and actuarial credibility adjustments as part of the experience study suite. | |
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Statistical Test Suite Includes statistical tools for significance testing, e.g., Chi-square, t-tests. |
No information available | |
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Custom Assumption Modeling Permits users to define and apply their own actuarial assumptions within the analysis. |
Allows for setup and application of custom actuarial assumptions and tables. | |
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Projection Capabilities Ability to project experience into the future based on historic data and assumptions. |
Projection, scenario, and what-if forecasting are standard features. | |
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Model Sensitivity Analysis Evaluates the impact of varying assumptions on outcomes using sensitivity or scenario analysis. |
Built-in sensitivity and scenario analysis tools are present for model impact evaluation. | |
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Run Time for Analysis Time it takes to process an experience study with standard data volume. |
No information available |
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Standard Reporting Templates Provides built-in templates for common experience study reports. |
Provides standard actuarial reporting templates out-of-the-box. | |
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Custom Report Builder Allows users to create reports with custom metrics, layouts, and filters. |
Custom report builder available for users to create tailored study reports. | |
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Interactive Dashboards Supports creation of interactive charts, visualizations, and data exploration tools. |
Interactive dashboards and graphical experience study outputs available. | |
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Export to Multiple Formats Enables exporting of reports to Word, Excel, PDF, or image formats. |
Reports and data exports supported in Excel, CSV, PDF, and other formats. | |
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Drill-down Capabilities Allows users to click through high-level metrics into more detailed breakdowns. |
No information available | |
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Ad-hoc Query Tool Provides easy-to-use interface for generating ad-hoc queries and analyses. |
No information available | |
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Visualization Library Size Number of different types of charts/plots/visualizations available. |
No information available | |
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Report Scheduling Ability to schedule generation and distribution of regular reports. |
No information available | |
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Annotations and Collaboration Allows users to add comments and collaborate within reports and dashboards. |
No information available | |
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Mobile Access to Reports Reports and dashboards optimized for mobile devices. |
No information available |
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Assumption Library Central repository for storing standard and custom actuarial assumptions. |
Has central assumption library, including standard and custom tables. | |
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Version Control Tracks historical changes and previous versions of assumptions. |
Tracks changes to assumptions and keeps record of prior versions. | |
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User-defined Assumptions Permits creation of new or custom assumptions for use in modeling. |
Permits creation of new custom assumptions by users for modeling. | |
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Approval Workflow Enables review and approval steps before assumptions are used in production. |
Approval and review workflows supported for assumption changes and study releases. | |
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Link Assumptions to Studies Can associate specific assumption sets to particular experience studies or projects. |
Assumptions can be tied to specific projects or experience analyses. | |
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Change Impact Analysis Evaluates effect of changed assumptions on past study results. |
No information available | |
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Assumption Documentation Supports detailed documentation of assumptions and rationales. |
Supports documentation of actuarial assumptions within the system. | |
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Audit Trail for Assumptions Maintains a log of changes, who made them, and when. |
Maintains audit trails for who changed what, and when, particularly for assumptions. | |
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Assumption Import/Export Allows import/export of assumption sets for collaboration and sharing. |
Assumptions can be imported/exported for sharing or third-party review. | |
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Number of Supported Assumption Types Total unique assumption types that can be defined (e.g., mortality, lapse, expenses). |
No information available |
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Role-based Access Control Enforces permissions based on user roles for data and feature access. |
Role-based access control referenced in PolySystems technical documentation. | |
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Audit Logging Records all user activities and data accesses for compliance. |
Maintains full audit logs for security and compliance. | |
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Data Encryption at Rest Stores sensitive policyholder data using encryption. |
Data at rest encryption is available as an option, depending on deployment. | |
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Data Encryption in Transit Encrypts all data communications between client and server. |
Product supports encrypted communication for data in transit—standard for enterprise actuarial software. | |
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Multi-factor Authentication Requires two or more authentication steps to access the system. |
Multi-factor authentication is available for user secure access. | |
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Compliance Frameworks Supported Lists standards like GDPR, SOC2, HIPAA, etc., supported by the system. |
No information available | |
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User Activity Monitoring Allows real-time or near real-time monitoring of user activities. |
System supports basic real-time and batch user activity monitoring for security auditing. | |
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Data Retention Policy Configuration Supports customizable data retention and deletion policies. |
Supports configuration of retention/deletion schedules for sensitive data. | |
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Automatic Data Redaction Automatically hides or redacts PII in reports and exports. |
No information available | |
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Regular Vulnerability Scans System automatically scans and reports vulnerabilities on a regular basis. |
No information available |
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Customizable Dashboard Layouts Users can tailor their interface to highlight relevant metrics and reports. |
No information available | |
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Navigation Ease Score Measures the average number of steps required to access frequently used features. |
No information available | |
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Search Functionality Provides in-app search across data, reports, and documentation. |
Platform provides global search for data, models, documents. | |
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Help & Tutorials Built-in help, guides, wizards, and video tutorials. |
Includes built-in guidance and tutorial documentation. | |
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Keyboard Navigation Fully usable by keyboard for improved accessibility. |
Keyboard accessibility included in general accessibility standards for insurance clients. | |
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Screen Reader Support Optimized for screen readers to aid visually impaired users. |
Screen reader support indicated in accessibility documentation for enterprise deployments. | |
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Customizable User Preferences Users can set their own preferences, such as themes, languages, and date formats. |
Users can specify preferences for date, currency, and display options in the UI. | |
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Multi-language Support Ability to use the software in more than one language. |
No information available | |
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Session Timeout Configuration Configurable periods before an inactive user is logged out. |
Session timeout settings can be configured in most PolySystems installations. | |
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Mobile/Tablet Friendly UI Optimized layouts and controls for mobile and tablet usage. |
Web-based UI is responsive and mobile/tablet compatible. |
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Real-time Collaboration Multiple users can work on or view the same study or report simultaneously. |
Not as far as we are aware.* Real-time multi-user collaboration is not described in product literature; platform is more focused on batch analytics and workflow, not shared live editing. | |
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Task Assignment Assign and track workflow tasks related to experience studies. |
No information available | |
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Commenting and Annotation Allows users to leave comments and annotate directly on reports or input data. |
Permits report annotation and comments for workflow signoff. | |
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Notifications and Alerts System sends email or in-app alerts for key actions, completions, or comments. |
Notification capabilities exist for workflow events and critical tasks. | |
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Versioned Team Workspaces Team folders or workspaces with version control for group studies. |
No information available | |
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Workflow Automation Rules Configurable triggers and workflows for approvals, reviews, and follow-ups. |
No information available | |
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User Role Assignment Granular assignment of access and responsibilities by project or study. |
Project leads and actuaries can be assigned specific access and responsibility roles per project. | |
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Discussion Threads Persistent and organized threaded discussions attached to studies or projects. |
No information available | |
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Activity Feed Displays a real-time log of recent activities by users and teams. |
No information available | |
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Maximum Concurrent Users Supported The number of users who can work collaboratively at once. |
No information available |
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RESTful API Support Provides industry-standard REST APIs for integration. |
RESTful API and web services support available for integrations with external systems. | |
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Pre-built Integration Connectors Out-of-the-box connectors for common industry systems (e.g., policy admin, claims, GL). |
Pre-built connectors exist for major admin and claims platforms. | |
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Webhooks for Event Triggers Allows external systems to receive real-time notifications of key events. |
No information available | |
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Custom API Endpoints Permits defining custom data endpoints for unique integration needs. |
Custom API endpoints can be configured as part of system integration options. | |
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Data Import/Export API Enables programmatic import/export of datasets. |
API includes bulk data upload/download endpoints. | |
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Single Sign-On (SSO) Integration Supports authentication with enterprise identity providers (e.g., SAML, OAuth). |
Single sign-on using SAML, LDAP, and OAuth supported for enterprise clients. | |
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API Rate Limit Number of API calls allowed per second for integration needs. |
No information available | |
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API Documentation Quality Completeness and clarity of documentation and developer resources. |
No information available | |
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Data Push to Data Lake Supports automated push of data into internal data lakes or warehouses. |
Can push data outputs straight to internal data lakes/warehouses with configuration. | |
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Integration with Visualization Tools Direct integration with tools like Tableau or Power BI. |
Direct integrations with BI tools (e.g., Tableau, Power BI) are available. |
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End-to-end Audit Trail Tracks and records all changes made to studies, models, and datasets. |
Tracks changes across datasets, runs, models for enterprise compliance. | |
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Model Governance Frameworks Supports established model governance processes and documentation. |
Supports model and data governance documentation as part of enterprise offerings. | |
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User Access History Report on who accessed specific data, when, and what changes were made. |
User access and change histories are available for audit and compliance. | |
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Locked and Certified Study Versions Allows ‘locking’ final study versions and marking them as certified. |
Studies/analyses can be locked and signed/certified after review. | |
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Automated Data Lineage Shows data flow and sources within the system for governance and troubleshooting. |
No information available | |
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Regulatory Reporting Exports Generates outputs in formats required by insurance regulators. |
Regulatory report formats (NAIC, state insurance, etc.) included. | |
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Role-based Sign-off Workflows Supports sign-off steps by different roles for studies and assumption changes. |
Supports multi-step, role-based signoff for critical assumption and study steps. | |
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Audit Trail Retention Duration How long audit logs are retained and available for review. |
No information available | |
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Model Validation Templates Pre-built templates for model validation and documentation. |
No information available | |
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Study Approval History Saves complete history of each approval step for studies and assumptions. |
Approval history retained for review at each key project step. |
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Maximum Dataset Size Supported Largest dataset size that can be imported or analyzed without performance degradation. |
No information available | |
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Concurrent Job Execution Number of studies or analyses that can be processed in parallel. |
No information available | |
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Average Analysis Run Time Median time needed to run standard experience studies at average data volume. |
No information available | |
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High Availability Uptime Service reliability, usually measured as percentage uptime per year. |
No information available | |
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Latency for Report Generation Average time to generate or refresh standard reports. |
No information available | |
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Elastic Resource Scaling System automatically scales resources up/down based on load. |
Supports elastic cloud and on-prem resource expansion for large projects/studies. | |
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Disaster Recovery Support Automated failover and data backup for system outages or failures. |
Automated backup and disaster recovery options are offered. | |
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Geographic Data Center Options Choice of hosting in multiple geographic regions for performance or compliance. |
Clients can select hosting in various regions to meet compliance/performance goals. | |
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Batch Processing Throughput Records processed per hour in batch jobs. |
No information available | |
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Concurrent User Limit Maximum number of simultaneous users before performance degrades. |
No information available |
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24/7 Technical Support Round-the-clock support availability via chat, phone, or email. |
PolySystems offers 24/7 support SLAs for enterprise clients. | |
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Dedicated Account Manager Named contact for account and issue management. |
Dedicated account managers are assigned for large enterprise customers. | |
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User Documentation Completeness Comprehensiveness of provided user guides and reference manuals. |
No information available | |
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Video Tutorials Library Size Number of instructional videos available to users. |
No information available | |
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In-app Guidance and Tooltips Contextual help and tooltips within the interface. |
In-app guidance and help tooltips are referenced in product materials. | |
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Training Programs Offered Number of distinct user training workshops or webinars offered annually. |
No information available | |
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Knowledge Base Articles Number of indexed self-help articles or FAQs. |
No information available | |
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Service Level Agreement (SLA) Clear documentation of support response and resolution time commitments. |
Service Level Agreements are standard for support contracts. | |
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Product Update Frequency Average frequency of releases and improvements per year. |
No information available | |
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Customer Community Forum Online community or forum for customers to share knowledge and solutions. |
No information available |
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