Volada AG offers actuarial software and service solutions that help insurers and reinsurers simplify and modernise their actuarial processes. The start-up also has the specialist expertise necessary for the implementation of IFRS 17.
Volada conducts its business activity in collaboration with addactis®, the European market leader in insurance Software and consulting. The strategic offer caters for the many different requirements of companies working in the insurance sector. To this end, very flexible software modules are available for calculating reserves, pricing insurance products and modelling risks. Sophisticated workflow management ensures all actuarial processes can be structured in a standard format.
The cooperation between Volada and addactis® also benefits insurance and reinsurance companies looking for specialist support in implementing regulatory requirements governing punctual reporting and accounting. Specific elements worth noting here include Public Disclosure, Own Risk & Solvency Assessment (ORSA) and the introduction of IFRS 17. At present, the impact of the new rules for insurance contracts is being agreed with customers.
Peter Klein, CEO of Volada AG, highlights the need for innovative insurance solutions: “Insurers are increasingly competing with each other and have to address supervisory challenges. These hurdles can be overcome thanks to the solutions provided by addactis®.”
Pascal Mignery, CEO of ADDACTIS® Worldwide, is very encouraged: “Our strong partnership with Volada allows us to further strengthen our leading position in actuarial software products and services in central Europe.”
addactis® is the worldwide trademark of insurance software solutions of ADDACTIS® Group, a specialist in innovative actuarial concepts, is headquartered in Brussels and has ten offices across Europe, Latin America and Asia-Pacific. addactis® has a global network of experts and partners for solving actuarial problems. Some 200 insurance and reinsurance companies in 50 countries currently use the software products offered by addactis®.
Volada AG was founded in 2016 in Zug, Switzerland and began operations on 1 December 2017. In collaboration with addactis®, Volada offers actuarial software and service solutions and uses state-of-the-art actuarial methods to support its customers in optimising their business processes.
Please address all enquiries regarding this press release to: Peter Klein, CEO Volada AG, Zeughausgasse 7a, 6300 Zug, Switzerland +41 41 710 43 38 firstname.lastname@example.org