addactis Blog
Our experts share with you their views on the major challenges of the insurance market.
Risk-free rate curves and EIOPA data
Each month, Addactis lists and summarizes the economic parameters used to produce the solvency ratio and the economic balance sheet: risk-free rate curves, volatility correction, symmetrical equity adjustment, etc. Read our article now.
Launch of the EIOPA 2024 stress test exercise
On April 2nd, EIOPA launched its stress-testing exercise for the year 2024. Find out more about the scenario and the methodological approach applied in the synthesis produced by our experts.
Solvency II: EIOPA publishes the Ultimate Forward Rate (UFR) for 2025
Ultimate Forward Rate 2025: Following EIOPA’s publication, read our experts’ comments on the calculation methodology, the value of the UFR 2025 for the euro currency, the evolution of the UFR and the LLP…
Addactis at CAS RPM Seminar 2024: Key Learnings and Insights
Addactis had the honor of being part of The Casualty Actuarial Society RPM Seminar 2024 in New Orleans contributing to enriching sessions and round table discussions. Read the article now to uncover the fascinating insights and perspectives shared by Addactis at the CAS RPM Seminar.
Risk Adjustment under IFRS 17 – Definitions, Calculations, and Impacts
Discover IFRS 17 Risk Adjustment insights with Addactis. Uncover its pivotal role, compare it with Solvency II, and stay ahead in insurance accounting.
Client Testimonial: Thai Reinsurance’s successful implementation of addactis® IFRS 17
The implementation of IFRS 17 has posed a significant challenge for insurers worldwide. For Thai Reinsurance, navigating the complexities of IFRS 17 became a seamless journey, thanks to the collaboration with Addactis Group. Read Thai Re’s testimonial to learn about their successful journey through IFRS 17 challenges with addactis® IFRS 17 Solution.
Insightful Discussions at GCA 2024: Navigating the Future of Indian Insurance
Discover the key highlights from the Global Conference of Actuaries 2024 and gain insights into the main challenges of the indian insurance. Read the article to learn more about India’s ambitious 2047 goals and how the insurance sector, along with actuarial resources, emerges as key player.
Reflecting on a Fruitful Participation at GAIF 2024 Conference
The 34th GAIF Conference 2024 brought together nearly 2,000 participants from all Arab countries and beyond, creating a dynamic platform for discussions and collaboration in the region’s ever-evolving insurance sector. Discover our incredible experience when we attended this conference in Oman.
How to interpret and master your IFRS 17 accounts
IFRS 17 was effective in January 2023 in the international insurers market. Insurers are facing today huge challenges as they are publishing new figures. They must provide technical interpretations and a comparative financial statement view with IFRS 4.
Our experts explain how insurers can face IFRS 17 post-implementation challenges in publishing new figures and updating financial statements.
Challenges and best practices for a successful IFRS 17 implementation project
As insurers embark on the IFRS 17 journey, they encounter multiple challenges. Whether you are an early or late adopter, read our IFRS 17 benchmark and unlock expert insights for a smooth implementation.
The treatment of reinsurance under IFRS 17
While most of the IFRS 17 mechanisms are now well understood, certain specific aspects continue to raise questions. In this article, our experts outline four points of vigilance in the treatment of reinsurance under IFRS 17.
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[Press Release] Fortino Capital invests in Addactis
Addactis, the Risktech for insurance, is joining forces with Fortino Capital to accelerate its transition from services to a software company. The ambition is to lead in Europe and scale globally through a wealth of actuarial and regulatory expertise. Read the Press Release.
Unveiling Key Insights: Lessons Learned from ISEG Lisbon Pricing Game
Read now our article and find out what are the key learnings of ISEG Pricing Game on 20th of October, 2023 for actuarial students.
Solvency II Review: What are the Pillar 1 key issues?
While the Trilogue discussions on the Solvency II review have just begun, Addactis experts offer you an analysis of the Pillar 1 key issues and a reminder of the genesis of the review and the ongoing legislative process in order to provide visibility on the next steps.
4 reasons to move from MS Excel® to addactis® IBNRS®
Switching from an Excel spreadsheet to an integrated reserving solution such as addactis® IBNRS® is no longer something that should be considered, but something your actuaries need to optimize time management, automate your reserving process and enhance reliability, efficiency and data security.
2020 Solvency II Revision: Anything new during the summer?
In June 2022, the ECON committee of the European Parliament began discussions on the Solvency II revision. The entire industry was anticipating a vote by the Parliament before the end of 2022 and a completed trialogue by the first half of 2023, with a publication in the Official Journal of the European Union in July 2023. What is the current status today?
EIOPA discussions about the prudential treatment of sustainability risks
Addactis experts guide you in the understanding of the latest EIOPA regulatory texts on climate risks.
EIOPA: Natural Disasters & Insurance Protection
Faced with the shortfall in NAT CAT insurance protection, EIOPA has decided to introduce a dashboard, which main objective is to monitor the risks associated with these protection gaps. Take a closer look with our experts!
Save Time with addactis® IBNRS®
Actuaries, do you ever thought about moving from Excel to a new Reserving solution when it comes to dealing with the complexity of creating and manually adjusting the Chain Ladder calculations?
Read our article to find out how you can gain time and efficiency with addactis® IBNRS®
How to speed your IFRS 17 implementation journey
Addactis has led more than 50 IFRS 17 implementations around the world in recent years and has been able to acquire solid and rich expertise. In this article we will highlight what we have seen so far in our implementations.
Be Transition-ready to meet your IFRS 17 deadline
The full impact of IFRS 17 will be felt for a long time, partly because KPIs and metrics will change. So, you must be aware of your transition decisions.
Our experts took part in a filmed Q&A session to outline the technical impacts of IFRS 17, the different approaches and give the recommended actions for insurers to have a smooth migration to IFRS 17.
2023 Excellence Award granted by Línea Directa Aseguradora
Addactis has been awarded the XIII edition of the Línea Directa Aseguradora Award in the “Excellence in Service” category on May 19, 2023. Read the article to find out why Addactis becomes the first choice of solution provider for insurance companies for their IFRS 17 implementation project.
Automate your Chain Ladder method with addactis® IBNRS®
Why do actuaries spend time and effort on Excel® when they can save valuable time by automating complex calculations with addactis® IBNRS®. Read our article to find out how you can replace the complexity of calculating a Calculated LDF on Excel® with our software’s automation.
EIOPA Ultimate Forward Rate 2024: Evolution and Experts Point of View
Following the EIOPA publication setting the 2024 Ultimate Forward Rate at 3.30%, our experts shared their perspectives on its evolution. This article will cover the historical background, the UFR methodology and context, as well as our experts’ insights.
Traceability and Governance with addactis® IBNRS®
In this article, you will discover why you should move from Excel® to an advanced Reserving solution and how addactis® IBNRS® tracks changes and helps strengthen security in your actuarial tasks.
The right approach for a smooth IFRS 17 transition
What approach to choose to lead the transition between the current accounting standard to IFRS 17 and what are the requirements for proper implementation? Watch our full video to learn about the different retrospective approaches and find out how to pick up the one that meet your needs.
Enhance Reliability and Efficiency with addactis® IBNRS®
Excel® can introduce errors and inaccuracies, making it a less reliable tool for actuaries. Read our article to find out how addactis® IBNRS® simplifies project consolidation while offering increased reliability, enhanced security, and compliance with regulatory standards.
How to reconcile between Solvency II and IFRS 17 key figures
Read our article to find out the differences between Solvency II and IFRS 17 and how insurers can increase consistency and synergies between both regulatory regimes.
The 4th edition of Pricing Game at University of Malaga for actuarial students
Read now our article and find out what are the key learnings of the 4th edition of Pricing Game that was co-organised by Addactis and the University of Malaga on 17th February 2023 for actuarial students.
How Addactis creates the right Pricing Game
Organize your next Pricing Game with Addactis and engage your actuarial team in solving a real-life actuarial problem.
Addactis celebrates the inauguration of its new subsidiary in Brazil!
Addactis® experts like challenges, going further, surpassing themselves to build actuarial and software solutions for the insurers around the world. We are delighted to announce the opening of its new subsidiary ADDACTIS Brazil and our global presence in more than 40 countries.
Critical time on the reserving agenda when it comes to integrating inflation
With the current geopolitical environment, inflation has skyrocketed. Let’s have a look at how insurance companies can estimate and integrate inflation into their reserving process.
Addactis in the ranking of InsurTech100
FinTech has just released its annual InsurTech100 ranking, listing the 100 most innovatives insurance companies, which includes Addactis.
Inflation: what pricing challenges for 2023?
After two years of quite positive results in home and motor insurance, a strong inflationary drift is observed over all lines of business in 2022.
Solvency II: negotiations in trialogue
Deciphering & clarifying the trialogue negotiations driven by the 2020 review of the Solvency II regulatory reform.
Update of EIOPA guidance on contract limits and valuation of technical provisions
EIOPA launched two consultations between July and November 2021 to update these guidelines originally published in 2015 on the valuation of technical provisions and contract boundaries. After taking into account the various feedbacks to these consultations, EIOPA published the final version of the revisions on April 21.
Addactis Pricing Game key learnings on The Actuary September Issue
The Actuary shares the key lessons from addactis last motor insurance Pricing Game, which is a competition in which actuarial professionals work together to solve a problem that reflects actual market conditions. The objective is to provide loss estimates and commercial premiums for a group of policyholders.
Addactis, new Silver Sponsor of the Spanish Actuaries Institute
For many years, Addactis has been supporting numerous actuarial institutes around the world. Addactis is glad to announce that, as a further demonstration of its support, the RiskTech for Insurance becomes the new Silver Sponsor of the Spanish Actuaries Institute.
IFRS 17: Addactis, a preferred solution partner for insurers in Spain and Portugal
With less than a year to go before the IFRS 17 compliance deadline, Addactis is becoming a preferred solution partner for insurers in Spain & Portugal. Alejandro Garrido, CEO of ADDACTIS Ibérica and ADDACTIS Portugal, shares his vision of the state of progress in this interview.
Risk aggregation under IFRS 17
We are very proud to announce that Tachfine El Alami, PhD student at ISFA Lyon University and part of our Addactis teams, has been selected to present his work on the IFRS 17 standard at the the next 2022 IME and EAJ conferences. More info on his IFRS 17 work in this article!
ORSA projections with the new add-on to the SST from addactis®
With addactis® Celer(ity), insurance companies can optimise all risk management processes – from data preparation to visualisation of key figures – on a web-based platform. Get to know more on the innovative add-on to the standard model in accordance with the Swiss Solvency Test (SST).
IFRS 17 | Insurers to attempt to maximise benefits from IFRS 17 related investment in Turkey
In its latest article, Middle East Insurance Review points out 4 main difficulties for Turkish insurers in the implementation of IFRS17. Here is our analysis and answer for each difficulty identified.
ESG acceleration of the production process
This article defines an integrated production process to accelerate ESG tables production in multi standard framework. It identifies conceivable acceleration methodologies accordingly
to the sensitivities to be produced. It finally discusses the operational implementation of the acceleration process.
Euro 2020 final: actuarial experts forecast Italian victory over England
Italy is predicted to beat England in the Euro 2020 final this Sunday, based on analysis using stochastic modelling from addactis® Modeling.
Pricing: a priority for non-life insurers in Africa
What if your company’s growth and sustainable long-term profitability depended on your pricing and underwriting policies?
The African non-life insurance market is a case in point.
Why is non-life Insurance not taking off in Africa?
Why is insurance in Africa not fulfilling the economic, financial & societal roles that it is being asked to play? What is the reason for this failure?
The Top 6 Myths of Non-life Pricing Insurance
We have identified 6 pricing myths that seem to be strangely persistent and widespread among all types of non-life insurance companies.
addactis® IFRS 17 solution: Performing a Proof of Concept in 2 weeks
Our standard solution allows us to perform a proof of concept, from data transformation to the creation of the journal entries, in two weeks. Read our Press Release.
Addactis to launch IFRS 17 data manager tool
addactis® plans to launch a data manager tool and other features later this year to further assist insurers’ implementation of IFRS 17. Interview of Stéphanie Dausque, CEO of ADDACTIS Asia, with InsuranceERM.
addactis® and Volada support HANSAINVEST
Following the successful implementation of Solvency II Tripartite Templates, HANSAINVEST Hanseatische Investment-GmbH is now able to complete its reporting according to the German Insurance Supervision Act (VAG) and the Capital Requirements Regulation, based on the software and services platform provided by addactis®.
ADDACTIS announces its new governance
Addactis announces its new governance. Virak NOU is appointed President & COO. Focused on a unique business model combining actuarial expertise and software edition, ADDACTIS – the RiskTech for Insurance – is implementing a new governance which aims to improve transversality and reinforce R&D focused on both Actuarial Science, Analytics and Technology. Discover the new governance of Addactis.
Advanced SIRD modelling and reprocessing COVID-19 data issues
Advanced SIRD modeling allows to jointly project symptomatic and asymptomatic contamination cases.
Comparisons of case-fatality rates
The case-fatality rates: why should comparisons between countries be put into perspective?
Modelling of epidemics through machine learning
Health Impact of COVID-19: From Epidemiological Modelling to Machine Learning
COVID-19: Epidemiological models & calibration issues
Understanding the issues of SIRD modelling and implementing it on French data set related to the COVID-19 pandemic.
The origins of epidemiological dynamics
Monitoring confirmed cases of COVID-19 reveals fast-spreading patterns, which is a characteristic of all epidemiological dynamics.
The insurer: this friend we ignore
What if, in these times of crisis, we rediscover the fundamentals of insurance and its virtues instead of overpowering insurers?
COVID-19: Impacts on the regulatory reform in the CIMA zone
COVID-19 crisis: how the implementation of the regulatory reform on minimum share capital in the CIMA zone will be impacted?
The COVID-19 Taskforce by addactis®
To assist insurance market players in the reconfiguration of their ERM system, addactis® set up a COVID-19 Taskforce.
Swiss insurer opts for addactis® Modeling
Volada AG, Partner of addactis® in Switzerland is happy to announce that a Swiss insurer opts for addactis® Modeling!
Automating the InsurTech Back-Office
“The addactis software bridges the gap between old legacy insurance systems and the modern web-based tools”, says Markus Bernhart to Insurance CIO magazine in his interview.
Interview of Pascal Mignery, Chairman and CEO of ADDACTIS Group
“Pricing risk may be helped by technology but essentially comes down to long years of intuition and experience” , read the interview given by Pascal Mignery, CEO of ADDACTIS Group, to InsuranceERM in 2018.
Insurance companies implement IFRS 17 with addactis® and Volada
In close cooperation with insurance clients, addactis® adapts the processes and methods to the specific requirements of IFRS 17 within its addactis® software.
German Reinsurer chooses addactis® Pricing
Volada AG, Partner of addactis® in Switzerland is happy to announce that a German Reinsurer has chosen addactis® Pricing!
ESG Calibration: the difficulty of the calibration process
Solvency II requires insurers the ability to estimate financial and insurance risks. New quantitative measurements have been introduced in order to assess those risks.
ESG have become more and more inevitable especially for Life insurers. Read our Expert Paper.
