Modern experience study platform designed for actuarial teams, featuring cloud-based deployment, automated data processing, advanced statistical methods, and interactive visualizations for assumption development and validation.
Applications that analyze historical policyholder data to compare actual outcomes with expected results, helping actuaries refine pricing models and assumptions.
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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. |
Described as supporting automated data processing and cloud deployment, which implies flexible data import, often from multiple sources. | |
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. |
Platform highlights real-time and automated data processing, which strongly indicates real-time or near real-time data integration. | |
Data Validation Rules Checks imported data for completeness, accuracy, and consistency against configurable rules. |
Automated data processing and validation are listed as core features in product overview. | |
Data Transformation Tools Provides utilities to cleanse, reformat, and transform data into required structures. |
Notes on automated processing and experience study tools imply 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. |
Modern tools with automated data processing and validation typically include import error reporting. | |
Historical Data Archiving Ability to store, access, and restore historical experience datasets. |
Historical experience datasets for assumption validation require archiving by nature. | |
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. |
Cloud-based, modern insurance data platforms nearly always encrypt sensitive data during handling/import. |
Expected vs. Actual Calculation Automates the calculation and comparison of expected and actual experience for policies or claims. |
Automates expected vs. actual calculations is a standard requirement for experience study. | |
Mortality/Morbidity Analysis Supports analysis of mortality, morbidity, or other relevant risk metrics. |
Explicitly targets mortality/morbidity analysis and assumption development/validation. | |
Experience Analysis by Segment Enables breakdown of experience by policyholder segment, product, geography, etc. |
Interactive visualizations and experience analysis by segment are core to product's aim. | |
Trend Analysis Tools Provides graphical/analytical tools for identifying trends over time within the data. |
Trend analysis needed for assumption management and validation; 'advanced statistical methods' suggest support. | |
Credibility Adjustments Supports actuarial credibility theory techniques to adjust actual experience or develop blending. |
No information available | |
Statistical Test Suite Includes statistical tools for significance testing, e.g., Chi-square, t-tests. |
Product advertises 'advanced statistical methods' which strongly implies support for statistical test suite. | |
Custom Assumption Modeling Permits users to define and apply their own actuarial assumptions within the analysis. |
Custom actuarial assumptions called out as a supported use-case in product summary. | |
Projection Capabilities Ability to project experience into the future based on historic data and assumptions. |
Projection of assumptions is a stated use-case for the tool. | |
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. |
Standard and custom reports are called out as included features. | |
Custom Report Builder Allows users to create reports with custom metrics, layouts, and filters. |
Interactive dashboards and report customization are listed in product description. | |
Interactive Dashboards Supports creation of interactive charts, visualizations, and data exploration tools. |
Interactive dashboards clearly stated as feature. | |
Export to Multiple Formats Enables exporting of reports to Word, Excel, PDF, or image formats. |
Export to Excel/PDF typical for insurance analytics and reporting tools; implied under 'export' support. | |
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. |
No information available | |
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. |
Cloud platform with interactive dashboards usually delivers mobile-optimized reports. |
Assumption Library Central repository for storing standard and custom actuarial assumptions. |
Core to assumption management is a library/repository of assumptions. | |
Version Control Tracks historical changes and previous versions of assumptions. |
No information available | |
User-defined Assumptions Permits creation of new or custom assumptions for use in modeling. |
Ability for users to set new actuarial assumptions is included explicitly. | |
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. |
Assumptions link directly to study projects for validation, a stated platform goal. | |
Change Impact Analysis Evaluates effect of changed assumptions on past study results. |
No information available | |
Assumption Documentation Supports detailed documentation of assumptions and rationales. |
Documentation of assumptions and basis are needed for regulatory and actuarial practice; likely supported. | |
Audit Trail for Assumptions Maintains a log of changes, who made them, and when. |
Audit trails for assumptions and changes are typical for actuarial experience study tools. | |
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. |
Cloud-based actuarial tools almost always employ role-based access for compliance and data protection. | |
Audit Logging Records all user activities and data accesses for compliance. |
Audit logging is a standard compliance/security requirement for actuarial/insurance tools. | |
Data Encryption at Rest Stores sensitive policyholder data using encryption. |
Encryption at rest is a minimum for cloud-based actuarial/insurance data platforms. | |
Data Encryption in Transit Encrypts all data communications between client and server. |
Encryption in transit standard for all modern cloud tools handling sensitive insurance data. | |
Multi-factor Authentication Requires two or more authentication steps to access the system. |
Multi-factor authentication is a basic feature for cloud-based actuarial platforms. | |
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. |
Advanced cloud tools for regulated industries provide configurable data retention policies. | |
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 dashboards and visualizations (core offering) provide customizable layouts. | |
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. |
Described as providing in-app access and exploration, typically includes search. | |
Help & Tutorials Built-in help, guides, wizards, and video tutorials. |
Product documentation and video tutorials are implied from 'modern' and 'training' perspective. | |
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. |
Advanced dashboards for different users/teams usually support customizable preferences. | |
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. |
Session security features such as timeouts are standard to comply with insurance data security standards. | |
Mobile/Tablet Friendly UI Optimized layouts and controls for mobile and tablet usage. |
Modern, web-based platform; responsive/mobile layout is industry expectation. |
Real-time Collaboration Multiple users can work on or view the same study or report simultaneously. |
No information available | |
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. |
Collaboration through annotation/commenting is a common feature for assumption/validation platforms. | |
Notifications and Alerts System sends email or in-app alerts for key actions, completions, or comments. |
Notifications for completion/approval standard for workflow/experience study tools. | |
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. |
No information available | |
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. |
Integration with visualization tools is implied by their claim of advanced interactive visualizations. |
End-to-end Audit Trail Tracks and records all changes made to studies, models, and datasets. |
Audit trails throughout studies and models are essential for insurance regulatory compliance. | |
Model Governance Frameworks Supports established model governance processes and documentation. |
No information available | |
User Access History Report on who accessed specific data, when, and what changes were made. |
User access history is standard in cloud solutions for insurance analytics. | |
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. |
Automated data lineage and governance is common in data platforms for insurance and actuarial roles. | |
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. |
Templates for model validation and documentation are a likely feature for assumption and study validation platform. | |
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. |
undefined Cloud-based SaaS platforms used by actuaries target very high uptime. |
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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. |
Resource scaling, particularly in cloud deployments for actuarial workloads, is a common feature. | |
Disaster Recovery Support Automated failover and data backup for system outages or failures. |
Disaster recovery is a must-have in any cloud SaaS for key business processes such as actuarial studies. | |
Geographic Data Center Options Choice of hosting in multiple geographic regions for performance or compliance. |
Cloud-based actuarial tools for regulated markets must offer regional hosting options. | |
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. |
Cloud vendor, insurance and actuarial SaaS, round-the-clock support is the industry norm. | |
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. |
Modern SaaS includes in-app tooltips and guidance as a product standard. | |
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. |
SaaS for regulated actuarial processes provides documented SLAs. | |
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 |
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