Automated. Beyond.
Less nerdy yet much more complete.
Our tool for calculating technical reserves, ReservingTool, is made to complete a lot of practical work. So, you can speed up the processes setting the IBNR, discounting, valuating claim handling reserves and much more. You can even lightning-fast populate a whole number of complicated reporting templates with the automatic QRT-Generator.
Amazing integration possibilities
Data Importer
Claim transactions and premium transactions for the latest quarter are loaded into ReservingTool. So, you can extend the existing history of transactions. ReservingTool can process millions of records, check for data quality and report on inconsistencies. Transactions are used to fill out QRTs on a claim level, produce triangles and premium provisions and much more. ReservingTool also provides you with an automatic overview concerning payments and changes in case reserves for claim years that goes even further back than the modelled triangles.
Risk Group Designer
ReservingTool offers you to design how the transactions should be analysed. Homogeneous risk groups can be applied on a detailed level, say (product, cover) and you can even easily change this over time to capture new characteristics in your portfolio. No need to summarize all your claim data and premium data in new groups – your new definitions is all it takes.
Statistical Engine
ReservingTool automatically builds triangles based on your transaction data. You can decide to model your results on an annual, quarterly, or monthly basis. Our statistical engine offers several standard models and development factors can be supervised and modified dependant on your needs. ReservingTool ensures that predictions are aligned including your potential manual corrections. Claim handling expenses can be automatically distributed and models for claim handling provisions are embedded. So, you can focus on the results rather than lots of manual processes.
Powerful for groups. Powerful for consultants.
Multi-entity Handling
Groups can define all their legal entities under their reporting tool account. You can easily produce reporting for all entities, and they will be naturally organised. If you prefer separated accounts with separated data as well for each legal entity, we provide easy access. One username – multiple access. You simply choose what entity you work with at logon. ReservingTool makes it easy to work as a consultant for multiple insurance companies.
Lightning-fast. All you need.
Reporting Processor (QRTs)
ReservingTool also automatically builds triangles for your Solvency II reporting. It automatically populates QRTs like S.05.01, S.17.01, S.18.01, S.19.01, S.20.01, S.21.01, S.28.01, S.29.02 and S.29.03.
More advantages
Reserving-Tool is a certified software solution. The software has been double-checked by PwC. Penetration tests have been performed by NCC Group to ensure and validate the security.
Switching to ReservingTool
You can easily switch to ReservingTool. We provide you with a free and non-committal account in the full test and transition period. Assistance with the transition period is available and we are ready to give you a hand with the integration to some of your internal sources.