Enhance your Actuarial Reserving Process with Arius
Rely on powerful tools for actuarial reserving
- Customizable workflows, roll forwards and automated first-cut selections
- Focus on analyzing data, not on assembling and manipulating it
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Easily build virtually any exhibits or reports you need to suit your specific requirements
- Get the diagnostics, exhibits, and methods you need, ready to use
- Easily tailor these to your exact needs, or create new ones from scratch
- Extend your analysis even further through a rich API when combined with VBA, Python, or R and your own custom set of tools
Adapt to your reserving process or easily support new and improved workflows
- Configure Arius to support and implement new best-practice workflows, or to mirror your team's current approach
- With minimized startup time, your team will recognize value almost immediately
Focus on the results, not the calculations
- Eliminate the need for spreadsheet technical checks and minimize the risk of errors
- Ensure seamless and controlled actuarial risk assessment
- Share results instantly and confidently, knowing all calculations are extensively tested by our team of experts
Dive deeper into analysis with rich stochastic reserve modeling
- Go beyond simple point estimates to full distributions of possible outcomes, including mean estimates and expected losses by percentiles
- Get VaR and TVaR estimates, as well as distributions of loss ratios, cash flows and runoff by percentile
- Understand, quantify and explain the variability inherent in your estimates
Frequently Asked Questions about Akur8’s actuarial reserving software
What is Arius?
Arius is actuarial software to analyze casualty reserves, review unpaid claim liabilities and estimate ultimate loss costs. It combines industry-leading stochastic insurance modeling tools with a robust set of deterministic reserving tools and actuarial methods for reliable risk assessment and management.
Arius supports your company’s reserving policies and helps your team stay on top of both the latest thinking and industry standards. It adds reliability and efficiency to the actuarial reserve analysis process, so senior analysts can focus on the important issues driving their business.
Who is the Arius insurance reserving platform for?
Arius is actuarial software for reserve analysts at medium to large or rapidly growing property and casualty insurance and reinsurance companies.
How does the actuarial reserving platform Arius work?
Arius manages the entire reserving process, so you can focus on your actuarial analysis, not on assembling and manipulating data or worrying about volatile formulas or links. Arius provides hundreds of diagnostics, exhibits, methods and summary reports right out of the box, so your team will be productive almost immediately.
What actuarial problems does Arius solve?
Arius helps actuaries estimate losses and reserves up to four times faster and more reliably than using older, risky spreadsheets. We give actuaries easy access to sophisticated insurance analytics, and provide reliability and efficiency to the entire reserving process, from raw claim data all the way through to final reported financials.
How is Arius more reliable and efficient than Excel-based analyses?
All formulas, calculations and links throughout Arius are carefully designed, professionally tested and protected within the system to assure efficient process management and reliable results without any risk of error.
