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    TP Tool, automated technical provision calculations beyond traditional methods. Get free trial

    TP Tool

    So much more than triangles

    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.

    Data Importer

    Amazing integration possibilities

    Both claim and premium transactions are loaded into ReservingTool. You can process millions of records with ease. Data is structured on a product and cover level for claims, and the same applies to premiums. ReservingTool automatically scans for data completeness and inconsistencies, easing your data quality assessment prior to analysis.
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    Risk Group Designer

    Design your analysis structure

    Design how your transactions should be analysed by defining homogeneous risk groups. You can easily capture new characteristics and adjust how data flows into your reserving models. The Risk Group Designer gives you full control over the grouping of your data, ensuring that your analysis reflects the true risk profile of your portfolio.
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    Statistical Engine

    Automated reserving calculations

    ReservingTool automatically builds triangles from your transaction data. A range of standard models and development factors are available, enabling you to quickly produce reliable reserve estimates. The statistical engine supports multiple methodologies and provides comprehensive diagnostics to support your actuarial judgement.
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    Reporting Processor (QRTs)

    Lightning fast. All you need.

    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.

    Certified and secure

    TP Tool is a certified ISAE 3000 software solution. Our controls are typically being audited by Deloitte, PwC or a similar well-renowned consultancy firm. Penetration tests have been performed by a specialized third-party security firm to ensure and validate our resilience. TP Tool also comes with a planning tool, where deadlines for each template can be defined. When a template is finished by the responsible person, it can be locked and sent for review to another person to guarantee a 4 eye’s principle.

    Automatic Currency Conversions

    TP Tool offers a rapid and smooth currency conversion of the entire reporting package. Captives may wish to produce their reporting packages in the same currency as their financial statements. Nonetheless, Financial Authorities may require other reporting currencies for solvency II submission. TP Tool offers a lightning-fast conversion with automatic look-up at ECB for the conversion rate as at the reference date of the package.

    Multi-Entity Support

    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. TP Tool makes it easy to work as a consultant for multiple insurance companies.

    Switching to TP Tool

    You can easily switch to TP Tool. We provide you with a free and noncommittal 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 of some of your internal sources.
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