Integrated module for in-depth actuarial experience studies covering mortality, lapse, morbidity, and other insurance assumptions. Incorporates powerful data visualization, reporting, and segmented analysis tools.
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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. |
The product supports importing data from various insurance systems, spreadsheets, and custom sources for actuarial studies as described at https://www.insightdecision.com/insurance/actuarial-experience-analysis/. | |
Automated Data Refresh Ability to schedule and automate regular data imports or syncs. |
Website notes data refresh automation, allowing scheduled updates from external sources. | |
Real-time Data Integration Supports real-time or near-real-time data updates from operational systems. |
References to near-real-time updates for operational and experience analysis indicate real-time or near-real-time data support. | |
Data Validation Rules Checks imported data for completeness, accuracy, and consistency against configurable rules. |
Data validation and cleansing are mentioned as built-in functionalities for imported data. | |
Data Transformation Tools Provides utilities to cleanse, reformat, and transform data into required structures. |
The ability to transform, cleanse, and reshape data for experience analysis is described. | |
Batch Processing Capacity Number of records the system can process in an import batch. |
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Error Reporting for Imports Generates detailed logs and reports on data import errors or warnings. |
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Historical Data Archiving Ability to store, access, and restore historical experience datasets. |
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User-defined Data Mappings Allows users to create custom mappings from source data fields to application fields. |
Insight provides configurable user-defined data field mapping for imports. | |
Data Encryption During Import Ensures sensitive data is encrypted during transfer and import processes. |
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Expected vs. Actual Calculation Automates the calculation and comparison of expected and actual experience for policies or claims. |
Expected vs. actual calculations are specifically cited in the product’s actuarial experience modules. | |
Mortality/Morbidity Analysis Supports analysis of mortality, morbidity, or other relevant risk metrics. |
Direct reference to mortality, morbidity, lapse, and other assumption analytics. | |
Experience Analysis by Segment Enables breakdown of experience by policyholder segment, product, geography, etc. |
Supports breakdown by policyholder, product, region, etc. — confirmed in the description. | |
Trend Analysis Tools Provides graphical/analytical tools for identifying trends over time within the data. |
Powerful trend analysis and visualization tools are highlighted on the product page. | |
Credibility Adjustments Supports actuarial credibility theory techniques to adjust actual experience or develop blending. |
Credibility adjustment (e.g., actuarial blending techniques) referenced under actuarial modeling. | |
Statistical Test Suite Includes statistical tools for significance testing, e.g., Chi-square, t-tests. |
Statistical test suites including significance testing are available, per product documentation. | |
Custom Assumption Modeling Permits users to define and apply their own actuarial assumptions within the analysis. |
Custom and standard actuarial assumptions are supported and user-definable. | |
Projection Capabilities Ability to project experience into the future based on historic data and assumptions. |
Projection and forecasting capabilities are provided within the module. | |
Model Sensitivity Analysis Evaluates the impact of varying assumptions on outcomes using sensitivity or scenario analysis. |
Scenario and sensitivity testing are mentioned among modeling features. | |
Run Time for Analysis Time it takes to process an experience study with standard data volume. |
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Standard Reporting Templates Provides built-in templates for common experience study reports. |
Templates for standard experience reports are provided by the application. | |
Custom Report Builder Allows users to create reports with custom metrics, layouts, and filters. |
Custom report builder is highlighted as a tool for user-defined metrics and layouts. | |
Interactive Dashboards Supports creation of interactive charts, visualizations, and data exploration tools. |
Product provides drag-and-drop dashboard design and interactive charting. | |
Export to Multiple Formats Enables exporting of reports to Word, Excel, PDF, or image formats. |
Reports and dashboards can be exported to Excel, PDF, and other formats (per product site). | |
Drill-down Capabilities Allows users to click through high-level metrics into more detailed breakdowns. |
Users can drill down from high-level metrics into subsegments in reports. | |
Ad-hoc Query Tool Provides easy-to-use interface for generating ad-hoc queries and analyses. |
Provides ad-hoc reporting/query interface—indicated as a core feature. | |
Visualization Library Size Number of different types of charts/plots/visualizations available. |
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Report Scheduling Ability to schedule generation and distribution of regular reports. |
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Annotations and Collaboration Allows users to add comments and collaborate within reports and dashboards. |
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Mobile Access to Reports Reports and dashboards optimized for mobile devices. |
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Assumption Library Central repository for storing standard and custom actuarial assumptions. |
Central assumption repository for custom and standard actuarial assumptions. | |
Version Control Tracks historical changes and previous versions of assumptions. |
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User-defined Assumptions Permits creation of new or custom assumptions for use in modeling. |
Permits user-defined actuarial assumptions in analysis and modeling. | |
Approval Workflow Enables review and approval steps before assumptions are used in production. |
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Link Assumptions to Studies Can associate specific assumption sets to particular experience studies or projects. |
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Change Impact Analysis Evaluates effect of changed assumptions on past study results. |
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Assumption Documentation Supports detailed documentation of assumptions and rationales. |
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Audit Trail for Assumptions Maintains a log of changes, who made them, and when. |
Keeps a log of assumption changes for full auditability. | |
Assumption Import/Export Allows import/export of assumption sets for collaboration and sharing. |
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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 |
Role-based Access Control Enforces permissions based on user roles for data and feature access. |
Role-based permissions and access controls are listed in security features. | |
Audit Logging Records all user activities and data accesses for compliance. |
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Data Encryption at Rest Stores sensitive policyholder data using encryption. |
Data is encrypted at rest according to platform specs and standard insurance IT requirements. | |
Data Encryption in Transit Encrypts all data communications between client and server. |
Data encryption in transit (TLS/SSL) is the default for data uploads and access. | |
Multi-factor Authentication Requires two or more authentication steps to access the system. |
Multi-factor authentication is available for secure login (per IT documentation/customers). | |
Compliance Frameworks Supported Lists standards like GDPR, SOC2, HIPAA, etc., supported by the system. |
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User Activity Monitoring Allows real-time or near real-time monitoring of user activities. |
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Data Retention Policy Configuration Supports customizable data retention and deletion policies. |
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Automatic Data Redaction Automatically hides or redacts PII in reports and exports. |
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Regular Vulnerability Scans System automatically scans and reports vulnerabilities on a regular basis. |
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Customizable Dashboard Layouts Users can tailor their interface to highlight relevant metrics and reports. |
UI dashboards are customizable so users can configure layouts and reports as they see fit. | |
Navigation Ease Score Measures the average number of steps required to access frequently used features. |
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Search Functionality Provides in-app search across data, reports, and documentation. |
Built-in search functionality is available across data tables and documentation. | |
Help & Tutorials Built-in help, guides, wizards, and video tutorials. |
Help modules, guides, and online documentation/video tutorials are referenced. | |
Keyboard Navigation Fully usable by keyboard for improved accessibility. |
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Screen Reader Support Optimized for screen readers to aid visually impaired users. |
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Customizable User Preferences Users can set their own preferences, such as themes, languages, and date formats. |
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Multi-language Support Ability to use the software in more than one language. |
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Session Timeout Configuration Configurable periods before an inactive user is logged out. |
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Mobile/Tablet Friendly UI Optimized layouts and controls for mobile and tablet usage. |
Designed for tablet and mobile web browser access (see feature overview page). |
Real-time Collaboration Multiple users can work on or view the same study or report simultaneously. |
Multiple users can view and edit studies with real-time update/locking features. | |
Task Assignment Assign and track workflow tasks related to experience studies. |
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Commenting and Annotation Allows users to leave comments and annotate directly on reports or input data. |
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Notifications and Alerts System sends email or in-app alerts for key actions, completions, or comments. |
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Versioned Team Workspaces Team folders or workspaces with version control for group studies. |
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Workflow Automation Rules Configurable triggers and workflows for approvals, reviews, and follow-ups. |
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User Role Assignment Granular assignment of access and responsibilities by project or study. |
Administrator can assign specific roles and project-level permissions for granular access. | |
Discussion Threads Persistent and organized threaded discussions attached to studies or projects. |
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Activity Feed Displays a real-time log of recent activities by users and teams. |
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Maximum Concurrent Users Supported The number of users who can work collaboratively at once. |
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RESTful API Support Provides industry-standard REST APIs for integration. |
RESTful API support listed as a key integration enabler. | |
Pre-built Integration Connectors Out-of-the-box connectors for common industry systems (e.g., policy admin, claims, GL). |
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Webhooks for Event Triggers Allows external systems to receive real-time notifications of key events. |
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Custom API Endpoints Permits defining custom data endpoints for unique integration needs. |
API and web interface allow for automated programmatic import/export of datasets. | |
Data Import/Export API Enables programmatic import/export of datasets. |
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Single Sign-On (SSO) Integration Supports authentication with enterprise identity providers (e.g., SAML, OAuth). |
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API Rate Limit Number of API calls allowed per second for integration needs. |
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API Documentation Quality Completeness and clarity of documentation and developer resources. |
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Data Push to Data Lake Supports automated push of data into internal data lakes or warehouses. |
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Integration with Visualization Tools Direct integration with tools like Tableau or Power BI. |
Connectors to Tableau and Power BI are available as standard features. |
End-to-end Audit Trail Tracks and records all changes made to studies, models, and datasets. |
Full audit trails of dataset and model changes are highlighted compliance capabilities. | |
Model Governance Frameworks Supports established model governance processes and documentation. |
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User Access History Report on who accessed specific data, when, and what changes were made. |
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Locked and Certified Study Versions Allows ‘locking’ final study versions and marking them as certified. |
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Automated Data Lineage Shows data flow and sources within the system for governance and troubleshooting. |
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Regulatory Reporting Exports Generates outputs in formats required by insurance regulators. |
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Role-based Sign-off Workflows Supports sign-off steps by different roles for studies and assumption changes. |
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Audit Trail Retention Duration How long audit logs are retained and available for review. |
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Model Validation Templates Pre-built templates for model validation and documentation. |
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Study Approval History Saves complete history of each approval step for studies and assumptions. |
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Maximum Dataset Size Supported Largest dataset size that can be imported or analyzed without performance degradation. |
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Concurrent Job Execution Number of studies or analyses that can be processed in parallel. |
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Average Analysis Run Time Median time needed to run standard experience studies at average data volume. |
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High Availability Uptime Service reliability, usually measured as percentage uptime per year. |
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Latency for Report Generation Average time to generate or refresh standard reports. |
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Elastic Resource Scaling System automatically scales resources up/down based on load. |
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Disaster Recovery Support Automated failover and data backup for system outages or failures. |
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Geographic Data Center Options Choice of hosting in multiple geographic regions for performance or compliance. |
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Batch Processing Throughput Records processed per hour in batch jobs. |
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Concurrent User Limit Maximum number of simultaneous users before performance degrades. |
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24/7 Technical Support Round-the-clock support availability via chat, phone, or email. |
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Dedicated Account Manager Named contact for account and issue management. |
No information available | |
User Documentation Completeness Comprehensiveness of provided user guides and reference manuals. |
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Video Tutorials Library Size Number of instructional videos available to users. |
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In-app Guidance and Tooltips Contextual help and tooltips within the interface. |
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Training Programs Offered Number of distinct user training workshops or webinars offered annually. |
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Knowledge Base Articles Number of indexed self-help articles or FAQs. |
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Service Level Agreement (SLA) Clear documentation of support response and resolution time commitments. |
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Product Update Frequency Average frequency of releases and improvements per year. |
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Customer Community Forum Online community or forum for customers to share knowledge and solutions. |
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