Dynamo Analytics - Psicle

Type of System

  • Analytics
  • Capital modelling
  • Economic capital aggregation
  • Risk management
  • End-to-end ERM
  • Solvency II solution
  • Internal/external reporting
  • Reserving solution
  • Exposure rating, experience rating

Type of platform

  • Cloud
  • Desktop-based
  • Server-based
  • SaaS

Other features - the offering facilitates:

  • Curve-fitting
  • NAIC Principle-based reserving
  • Solvency II standard formula
  • IFRS 17

What are the typical implementation costs?

Installation costs are minimal and often free. Licensing costs depend on the scope of use and the number of users required. Clients often leverage our expertise to help them design and build their automated models within Psicle – the costs for this again varies on the scope of the engagement and the extent of automation desired.

How long does your software take to implement on site?

Installations of the Psicle software and server, either on-premise or cloud, are usually completed within a day. Where we are used to design and build models on behalf of our clients, the timeframes are highly dependent on the scope of the engagement.

Please name companies that use the system/solution

Psicle is used by some of the largest GI firms in the UK and internationally to industrialise their reserving processes which covers triangle-based reserving, Solvency II and IFRS 17 modelling. It is a market leading platform for actuarial and finance transformations with over 20 insurers licensing it. We prefer to not disclose our clients for confidentiality.

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 Psicle is an actuarial and financial automation platform enabling clients to integrate business-critical modelling into wider processes

Contacts

[email protected]

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