Assessing a company’s reserve for future claims payments and premiums, and estimating the risk present in the claims reserves run-off, are fundamental elements of the financial management of any general (re)insurer. Our worldwide-acclaimed reserving software ADDACTIS® IBNRS® delivers a simple Solvency II-compliant environment for all deterministic and stochastic actuarial projections. With a few clicks, this software allows users to conduct a full, step by step claims analysis and to detect correlations between different lines of business.
To meet Solvency II Pillar 2 and SOX requirements, ADDACTIS® IBNRS® is designed to provide users with full audit trail and security checks.
Remaining at the forefront of actuarial reserving methods, the new version of our ADDACTIS® IBNRS® software proposes the innovative stochastic Reversible-Jump Markov Chain Monte Carlo method, as well as the Munich Chain Ladder and Fisher Lange dynamic methods.
Charles University, CZ / Dan, Reseacher
” I approached ADDACTIS in order to support me during my academic research related to Reversible Jumps Markov Chain Monte Carlo (RJMCMC). ADDACTIS provided me with a licence for ADDACTIS® IBNRS® which contains implementation of RJMCMC method. During my research I found ADDACTIS® IBNRS® as a very useful tool which helped me to speed up my research and it made it much more pleasant experience. Especially, I appreciated ADDACTIS approach how to deal with negative inputs which are a limitation for the RJMCMC method and overall the data manipulation was extremely easy. I would recommend ADDACTIS to anyone who wants to keep up with the new standards of Non-life reserving methods.”
Helvetia Insurance / Dr. Thomas Schneeweis, Head Actuary Group NL
” […] ADDACTIS® IBNRS ® is a state of the art reserving software offering a great flexibility and an intuitive access to the reserving process. From the group perspective, it was decisive to have the enterprise feature, which eases and improves the communication a lot between the group actuarial team and the local actuaries. Also reflecting the SII requirements made this software very valuable for us. […] “