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addactis® IBNRS®

THE NEW GENERATION RESERVING SOFTWARE UNDER LOCAL, INTERNATIONAL AND SOLVENCY II GAAPS.

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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.

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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.           

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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. […] “

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