Type of System
- Data management
- Governance, risk, compliance
- Internal/external reporting
- Portfolio analysis/hedging
- customer analysis
- big data
Type of Platform
Most recent significant updates:
Second semester 2016: ADDACTIS Pricing Tariff 1.10/ Customer Behavior 1.2/ Price Simulation 1.1
Planned future enhancements:
Machine learning methods.
Planning module (portfolio projection and business indicators comparison).
The offering facilitates
- Least-squares Monte Carlo
- NAIC's RMORSA
- Solvency II standard formula
- Solvency II internal model
- Replicating portfolios
Integration with third-party or in-house systems?
ADDACTIS Pricing has been fully designed and developed by ADDACTIS Worldwide. It needs no external module, but can be linked to Microsoft Excel, read SAS or any other data.
Implementation and Costs
Typical implementation costs:
Depends on the size and number of licenses requested. Annual licenses can start from €15,000.
How long does your software take to implement on site?
Less than one week
Key attributes of product:
In ADDACTIS Pricing, you will find all functionalities needed to find the best adapted model to companies' data with high predictive power: splines, large claim handling and model comparison to find the best model, impact analysis and out-of-sample simulations to prepare correct business decisions. A specific Geospatial smoothing with several clustering methods is directly connected to the GLM part.
ADDACTIS Pricing is much more flexible than other existing pricing tools with a user-friendly interface. The entire pricing process is integrated and documented. It is easy to transmit from one person to another the models and decisions made to build the tariff.
Please name companies that use the system/solution:
Thelem, MAIF, P&V, Sogessur, CA Seguros, Progressive Insurance, My Policy Limited