Integrated actuarial modeling and regulatory reporting engine for insurance with automated calculation, reporting, and full audit trail for IFRS 17 compliance. Supports actuarial calculations, risk modeling, and finance-actuarial integration.
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 supports integrated actuarial modeling and financial reporting, indicating support for multiple model management. | |
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Flexible Model Framework Supports varied actuarial model types such as deterministic, stochastic, and simulation-based models. |
Documentation and marketing emphasize advanced actuarial modeling, deterministic and stochastic calculations, indicating a flexible model framework. | |
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Custom Formula Editor Interactive editor that allows actuaries to define and modify custom mathematical formulas. |
No information available | |
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Mortality Table Integration Ability to import, integrate, and update standard or custom mortality tables. |
IFRS 17 compliance and actuarial focus imply provision for standard and custom mortality/life tables as these are key for insurance reserving. | |
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Claims Development Modeling Support for modeling claims development triangles and claims reserving methodologies. |
Claims development triangles and reserving are mentioned as core elements for IFRS 17 in product materials. | |
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Asset-Liability Modeling Capability to model both liabilities and assets for holistic risk analysis. |
Product specifically advertises support for both liability and asset calculations for insurance, a requirement for holistic risk analysis. | |
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Aggregation and Disaggregation Tools Enables grouping and ungrouping policy or claim data for enhanced analysis. |
Tagetik includes group/consolidation capabilities as per documentation, supporting aggregation/disaggregation. | |
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Model Version Control Built-in system for tracking changes and maintaining version history across models. |
Model version control and audit are strongly emphasized as part of auditability/compliance. | |
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Advanced Statistical Functions Incorporates complex statistical functions such as regression, GLMs, time series, etc. |
Statistical functions, such as scenario analysis and risk modeling, are highlighted as features. | |
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Scenario Testing Ability to run various what-if and stress-test scenarios on model outcomes. |
Scenario and what-if testing are prominently marketed as part of model analysis. | |
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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. |
Parallel processing for model execution is typically included for high-volume insurance actuarial software (ref: architecture documentation hints at distributed calculations). | |
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Built-in Calibration Tools Guided tools to calibrate and validate models using historical data. |
IFRS 17 solution provides model calibration and validation as required by the standard. | |
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Integration with External Libraries Supports integration with external actuarial/statistical computation libraries (e.g., R, Python). |
Documentation references integration with R, Python, and other statistical libraries. | |
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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. |
Supports multiple file formats, as stated in import/export documentation. | |
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ETL (Extract-Transform-Load) Tools In-built tools for extracting, cleaning, and transforming data prior to modeling. |
Includes built-in ETL tools as part of the data integration workflow. | |
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Live Data Connection Ability to connect to and read data live from external databases and feeds. |
Supports live database and external feed connectivity per solution datasheets. | |
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Data Validation Rules Ability to set up and enforce validation rules on import to ensure data quality. |
Product documentation discusses enforcement of data quality and validation upon import. | |
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Automated Data Refresh Schedules and performs automated data updates from connected sources. |
Integration supports automatic periodic data refresh from connected sources. | |
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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. |
Data anonymization mentioned for regulatory compliance and GDPR in solution overviews. | |
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Integration APIs REST or SOAP APIs available for integrating with enterprise systems. |
Product lists RESTful API support for integration with enterprise systems. | |
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Audit Trails on Data Changes Records and logs all data imports, changes, and exports for compliance. |
Maintains detailed audit trails/logs of all data and model changes for compliance. | |
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Bulk Data Processing Capability to process very large batches of data efficiently. |
Designed to process large datasets, as required by actuarial teams; bulk/batch processing referenced. | |
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Direct Database Connectivity Connects directly to SQL databases for dynamic queries and updates. |
Supports direct database connectivity for dynamic queries/updates. | |
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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. |
Documentation states support for secure protocols like HTTPS/SFTP for data transfer. |
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Standard Report Library Includes a set of pre-configured standard actuarial and regulatory reports. |
Library of standard regulatory, actuarial, and finance reports included by default for IFRS 17 needs. | |
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Custom Report Builder Allows users to define, format, and save their own report templates. |
Custom report definitions and templates are offered (see reporting engine and self-service BI). | |
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Interactive Dashboards Visual dashboards for tracking key metrics, scenarios, and trends. |
Dashboards for scenario and finance-actuarial metrics are marketed as part of user-facing portal. | |
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Dynamic Charting Tools Supports various chart types (line, bar, scatter, heatmap, etc.) for numerical outputs. |
Dynamic charts/visualizations, including various chart types, described on product page. | |
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Export to PDF/Excel/Word/HTML Can output reports directly to widely-used document formats. |
Exports to PDF, Excel, Word, HTML as shown in reporting features listing. | |
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Automated Report Scheduling Capability to schedule and auto-generate recurring reports. |
Recurring/automated reporting is listed, with support for schedules and workflows. | |
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Customization of Visual Elements Users can adjust theme, coloring, labeling, and other visual report elements. |
Customization of visual styling of reports and dashboards allowed per user/team. | |
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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. |
User access levels for report viewing/distribution described in admin documentation. | |
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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. |
Advertised as 'built for IFRS 17/GAAP'; includes Solvency II pre-configurations per product site. | |
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Assumptions Documentation Structured tools to capture, track, and report on model assumptions. |
Model assumption input, tracking, and documentation are mandatory for regulatory traceability. | |
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Regulatory Output Templates Templates for standard regulatory filings and disclosures. |
System delivers standard output templates for statutory/regulatory reporting. | |
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Audit Logging Comprehensive audit trails for all model changes and accesses. |
Detailed audit logging of all activities described as central for compliance. | |
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Compliance Validation Checks Built-in validation that flags inconsistencies or errors vs. regulation. |
Automatic regulatory validation checks built in for IFRS 17 compliance. | |
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Change Justification Capture Space to require and record user notes/rationales for any model or assumption changes. |
Includes fields and processes for change justification (required for compliance workflows). | |
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Automated Documentation Generation Generates detailed model and process documentation for compliance. |
Automatically generates detailed documentation of process, model, and assumptions for audit. | |
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Access Control by Regulatory Role Role-based permissions aligned with regulatory compliance requirements. |
Offers extensive role-based access tied to regulatory user roles. | |
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Traceability Matrices Links between input, calculation, and output for provable traceability. |
Traceability from input to output is an explicit compliance/audit feature. | |
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Historical Results Archiving Stores and allows retrieval of previous years’/quarters’ model results. |
Previous model runs and results are stored for review (archiving). | |
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Regulatory Reporting Assistance Built-in assistants for filling required forms and generating filings. |
Regulatory reporting assistants included for statutory disclosure process. |
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Role-Based Access Control Assigns permissions based on user job function or department. |
User management and layered access control are part of the compliance and IT features. | |
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Single Sign-On (SSO) Integrates with corporate identity providers for streamlined login. |
Integrates with SSO/LDAP/Active Directory as stated in admin features. | |
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Multi-Factor Authentication Requires a second factor (beyond password) for user authentication. |
Support for multi-factor authentication listed in security features documentation. | |
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Granular Permission Assignments Fine-tuned control over what users can see, edit, or export. |
Offers granular permission controls per documentation on user access rights. | |
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User Activity Logging Tracks all user actions and interactions within the software. |
Tracks all user actions for audit pursuits; user activity logs are available. | |
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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. |
Documentation supports data encryption at rest and in transit (compliance with GDPR required). | |
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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. |
Integrates with Active Directory and LDAP, as per supported authentication methodology. |
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Multi-User Collaboration Enables multiple users to work on the same models or data sets simultaneously. |
Multiple user collaboration on models and data is described in product's solution documentation. | |
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Comment Threads and Discussions In-tool messaging/forums for discussing model changes or data issues. |
No information available | |
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Workflow Automation Automated, customizable workflows for model review, approval, and publishing. |
Workflow automation and custom task flows for model review and approval are described. | |
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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. |
No information available | |
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Change Notification System Alerts users to changes, approvals, or required actions. |
No information available | |
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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. |
No information available |
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Horizontal Scaling Supports scaling across multiple servers or cloud nodes. |
Product offers both on-premise and cloud deployments with scalable architecture (horizontal scaling supported). | |
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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. |
Both cloud and on-premise deployment options are available. | |
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On-Premise Deployment Option Available to be installed and operated within a local data center. |
Product supports on-premise deployment for customers requiring local hosting. | |
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Elastic Resource Allocation Automatically adjusts compute and memory resources to workload. |
No information available | |
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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. |
No information available | |
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Support for Distributed Calculations Can run model calculations on distributed systems or clusters. |
Distributed computing/cluster support hinted at in technical documentation (scalable cloud). |
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Custom Plugin/API Support Supports development and deployment of custom plugins or functions via an API. |
Offers API and custom plugin integration for extensibility. | |
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Scriptable Workflows Enables users to write scripts (e.g., in Python) to automate or extend core processes. |
Scripting workflows and automation is referenced in technical guides (Python/R integration). | |
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Formula Language Support Custom formula or expression language available for complex model design. |
Custom formula language supported for insurance models (as per model builder documentation). | |
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Theming/Branding Customization Can be visually tailored to company brand or look-and-feel. |
No information available | |
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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. |
Custom data fields and objects can be added in the model and reporting layer. | |
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Integration with External Analytics Tools Out-of-the-box connectors for tools such as Tableau, PowerBI, R, Python. |
Integration out-of-the-box with analytics tools (PowerBI, Tableau, R, Python) per documentation. | |
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Model Template Library Users can save and reuse or modify organization-specific model templates. |
Model templates can be created, reused, and adapted by actuarial teams. | |
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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. |
Global vendor support available with web, phone, and email channels. | |
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Online Documentation Comprehensive online documentation, user guides, and examples. |
Online documentation readily available for product (see support section). | |
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Training Materials and Webinars Access to onboarding and advanced training opportunities. |
Product includes onboarding, training materials and webinars available from vendor. | |
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Release and Patch Management Structured approach for providing updates, patches, and release notes. |
Release and patch management policies described for regulated customers. | |
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Community Forum/Support Access to peer-to-peer forums and user communities. |
Vendor provides access to user and community support channels. | |
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Dedicated Account Management Assigned vendor experts for larger engagements or SLAs. |
Dedicated account management for enterprise and regulated clients described. | |
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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. |
Vendor publicly lists resolved and outstanding bugs and tickets for transparency. |
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Transparent Pricing Structure Clear documentation of licensing, hosting, and user fee structure. |
Transparent pricing structure is published and available through sales team. | |
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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-based licensing model is dominant and described. | |
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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.). |
Pay-as-you-go pricing available in some cloud deployments. | |
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Volume Discounts Discounted pricing tiers available for larger teams or long-term commitments. |
Volume/enterprise license discounts are applied to large organizations per sales literature. | |
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Free Trial/POC Support Supports evaluation or proof-of-concept period before purchase. |
Free trial/evaluation periods and proof-of-concept support for prospective clients. | |
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Maintenance Fees Whether recurring annual maintenance/support fees are required. |
Annual maintenance/support fees are required for continued support. |
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Modern User Interface Intuitive, up-to-date interface design for productivity. |
Modern UX/UI design showcased on product site and in webinars, with focus on productivity. | |
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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. |
Customizable dashboard and workspace for user preferences per documentation. | |
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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 interface with mobile/web access for reporting and dashboarding. | |
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Undo/Redo Functionality Easily revert or repeat user actions. |
No information available | |
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Step-by-Step Wizards Guided wizards for new users or complex tasks. |
No information available | |
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User Persona Profiles Interface customization based on user role (e.g., modeler, reviewer, executive). |
Supports persona-based customization of dashboards and menus for user types. | |
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Localization/Language Support Available in multiple languages for global actuarial teams. |
Global insurance solution, supports localization and multilingual deployments. |
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