Numerix - Numerix Insurance Suite
Type of system
- Analytics
- Asset/liability management
- Capital modelling
- Economic / risk scenario generator
- End-to-end ERM
- Internal/external reporting
- Portfolio analysis/hedging
- Pricing
- Reserving solution
- Solvency II solution
- Stress and scenario testing
Type of platform
- Cloud
- Desktop-based
- Grid
- SaaS
- Server-based
- Web-based
Other features
- Curve-fitting
- Least-squares Monte Carlo
- NAIC Principle-based reserving
- NAIC RMORSA
- Replicating portfolios
- Solvency II internal model
- Solvency II standard formula
Has the product an open API? Yes / No?
Yes - Numerix products' suite includes an open API service - Numerix Analytics Services (NAS). It covers the entire set of pricing and risk analytics provided by Numerix.
What are the typical implementation costs for your product?
The cost of implmentation would vary. Many clients use deploy our technology "as is", whilst some may ask for customisation, adding unique features.
How long does your product take to implement on site?
Implementation of the Numerix Insurance solutions depend on the deployment mode. We encounter increasing demand for a service driven deployment.
Please name companies that use the system/product
Numerix prooudly serves many dozens of insurance across all theatres of operations globally.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
Numerix primarily supports life and annuity insurance companies in modeling longevity and mortality risks through a flexible scripting framework. This versatile tool is widely used to model a variety of insurance liabilities, including but not limited to:
Whole Life
Variable Universal Life
Variable Annuities
Fixed Index Annuities
Disability Insurance
Numerix’s framework supports these liability types across diverse business applications such as Solvency II compliance, hedging strategies, and GAAP accounting under regulations like LDTI.
Our analytics platform natively integrates the Lee-Carter stochastic mortality model, which may operate in tandem with other asset class models, including rates, equities, FX, inflation, credit, and commodities. The Lee-Carter model has been effectively applied to pricing structures such as longevity swaps.