Moody's Analytics AXIS
Moody’s Analytics AXIS actuarial system is a powerful modeling solution, used by insurers, reinsurers, and consultants for actuarial analysis of life insurance and annuity business. The AXIS actuarial system emphasizes performance, ease of implementation, flexibility, robustness, scalability, and transparency at lower cost of use. It delivers the flexibility to deploy large-scale computing power through an advanced cloud-based delivery platform or installed software. A flexible vendor-maintained actuarial system handles multiple applications such as reserving, asset and liability management (ALM), pricing, financial modeling, capital calculations, hedging, and financial frameworks. Project future monthly cash flows from starting liabilities and invested assets, for up to 100 years. Evaluate blocks of business using deterministic or stochastic projections of profitability and movements in surplus; evaluate the impact of reinsurance or changes in premiums and other plan values.
Learn more about Moody's Analytics AXIS
Data Vera
Data Vera for binder management is a comprehensive solution developed by CATEX to address the challenges insurers and brokers face with disparate data sources. It unifies data storage and management, ensuring consistent access and reporting across all lines of business. Key features include the ingestion and normalization of bordereaux data, allowing for the efficient processing of large files without complex templates. The platform's automation and learning capabilities enable it to adapt over time, applying data corrections automatically on future uploads, thereby streamlining operations. It also offers robust inward and outward program management, facilitating the aggregation of policy and claims data at the program or facility level, and supports various reinsurance configurations such as treaty, facultative, and proportional. Additionally, the accounting module can populate a general ledger tailored to organizational needs, offering features like levy and tax accounting.
Learn more about Data Vera
pasRE.Net
pasRe.Net is a fully integrated online reinsurance automation solution that supports all aspects of the reinsurance process. It can be used with other PAS software as part of a complete insurance solution, or it can be integrated with your current system as a standalone option. As an online solution, pasRe.Net provides real-time data, enhancing flexibility and efficiency in managing reinsurance agreements. The platform integrates all parts of the reinsurance process, including reinsurer and broker management, treaty management, reinsurance program definition, attachment definition, premium and loss analysis, reporting, application of cash, and Schedule F generation. It manages all contracts in one system, encompassing both facultative and treaty contracts such as quota share, surplus, excess, clash, and catastrophe. The solution allows for retroactive processing of late placements or mid-term contract changes, ensuring manageable risk exposure.
Learn more about pasRE.Net
Brisc AI
Brisc AI builds AI Analysts that do insurance back-office work for MGAs, program administrators, specialty carriers and reinsurers. Five Analysts cover validating premium and claims bordereaux, reconciling premium cash and bank statements, extracting data from broker submissions, reading first notices of loss, and triaging claims laundry lists.
Matching in reconciliation is deterministic and rule-based, and every match carries its evidence. People review exceptions, and each decision is recorded with the reviewer's identity, so there is an audit trail.
Brisc is software as a service on Microsoft Azure with a dedicated tenant for each customer, and customer data is never used to train a model. Customers typically go live in 2 to 6 weeks with no policy administration system integration required. In production, Brisc reports 97%+ output accuracy on reconciliation and 99.1% field-level accuracy across its Analysts. Customers include Helix Underwriting Partners.
Learn more about Brisc AI