Type of System
- Capital modelling
- End-to-end ERM or Solvency II solution
- Portfolio analysis/hedging
- Reserving solution
Type of Platform
Most recent significant updates:
- New Best Estimate module
- USP module
- New stochastic methods (Mack’s Bootstrap, parametric distribution)
- IFRS 17 module (BBA and PAA approaches) allowing to compute RA and CSM at group of contract, portfolio and consolidated levels.
Planned future enhancements:
- Improvement of the IFRS 17 module
- Implementation of new reserving methods
The offering facilitates
- Solvency II standard formula
- Solvency II internal model
- IFRS 17
Integration with third-party or in-house systems?
Our solution is provided with a DLL to allow any kind of in-house integration.
Implementation and Costs
Typical implementation costs:
The licence cost is reasonable and charged annually. Configuration is straightforward and we can support our customers own implementation efforts as part of a consulting project.
How long does your software take to implement on site?
This depends on the project's scope and complexity. Usually implementation finishes within one week.
Key attributes of product:
addactis® IBNRS® is a non-life reserving solution, incorporating a full range of actuarial deterministic and stochastic methods. It is developed under a dynamic, object-oriented structure, and lets the user calculate, but also track and monitor non-life insurance reserves in a user-friendly way. In addition, addactis® IBNRS® allows insurers and reinsurers to evaluate the Solvency II reserves according to the latest European specifications, risk valuations and internal calibrations. A new module dedicated to IFRS 17 allows computing IFRS 17 figures for both BBA and PAA approaches (Risk Adjustment, CSM, Projected Cash flows,...).
Please name companies that use the system/solution:
A.M.A., Aksigorta, Albingia, Anadolu Sigorta, Asemas, Mutua De Seguros Y Reaseguros A Prima Fija, Assurances Mutuelle Des Motards, Aviabel, Axeria IARD, BBVA Seguros, Bovemij, BPCE Assurances, Caravela, CA Seguros, Caser, CFDP, Chubb, Coface, Colsanitas, Coomeva, Enel Insurance N.V., Ethias, Federale Assurance, Grupo Catalana Occidente, Grupo Pelayo, HDI, Helvetia, L'Auxiliaire, Lease Plan Belgique, Lease Plan Ireland, Linea Directa, MACSF Assurances, Maif, Matmut, Mie Co, Mutua Dos Pescadores, Mutua Madrilena Automovilista, Nationale Borg-Maatschappij, Preventiva, Pro BTP, RACC Seguros, RGA Seguros, SEC Burette, Seguros Lagun Aro, Smacl Sante, Sogecore, Sugese, Suravenir, Thelem Assurance, Unigarant, Vidacaixa, VVAA Groep