Enterprise Risk Management Technology Guide 2023

Dynamo Analytics - Dynamo Analytics - Psicle

Type of System

  • Analytics
  • Asset/liability management
  • Capital modelling
  • Catastrophe modelling
  • Data management
  • End-to-end ERM
  • IFRS 17 solution
  • Internal/external reporting
  • Reserving solution
  • Solvency II solution
  • Pricing and Underwriting; Business Planning; Banking and Credit Risk

Type of platform

  • Cloud
  • SaaS
  • Server-based
  • Web-based

Other features - does your offering facilitate

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

What are the typical implementation costs?

Implementation costs are aligned to the scope of the engagement and the targeted level of automation. 

Our licensing fees are competitive and are typically a function of the scope of use and number of users. Enterprise licensing is available for clients with larger numbers of users. 

Our clients value the insight and engagement of our subject matter experts in the design and build of automated models within Psicle, leveraging our vast experience in actuarial and finance transformation.

How long does your software take to implement on site?

Installation of the Psicle application/software itself is typically completed in less than a day, whether on-premise or in the cloud.

Where we undertake the design and build of models for our clients, time frames depend on the scope of the engagement, and range from as little as three months to longer durations for large global transformation programmes.

Please name companies that use the system/solution

Psicle has been adopted by dozens of international insurance firms across general / P&C insurance, as well as other areas including life and health, with uses cases including reserving, Solvency II, IFRS 17, business planning, pricing and more. 

A selection of our clients is listed on our website, including an array of familiar global insurance names/brands. 

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Psicle, the award-winning modelling platform pioneering the transformation of business-critical actuarial and finance modelling.

Contacts

Shil Patel-Rae | UK Managing Director

[email protected]

Adrian Ericsson | Managing Director

[email protected]

Guide entries by Dynamo Analytics