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Automate your reserve analysis with our cloud-based Actuarial Reserving Software
Enhance your reserve analysis with the industry's leading toolset
- Replace outdated spreadsheets and coding with ready-to-use deterministic methods and stochastic reserving models
- Visualize with Microsoft's Power BI
- Simplify summarization and allocation of roll-ups
- Ensure consistent actuarial analyses across teams while reducing startup and review time
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Automate key tasks to enhance your actuarial analysis
- Automate key tasks across multiple segments, companies and coverages
- Streamline file preparation, new period set up, roll-forwards, initial selections and actual vs. expected analysis
- Spend your valuable time where it matters most and let Arius Enterprise do most of the heavy lifting for you
Efficiently monitor, adjust and secure your reserving projects
- Keep your team and all their analyses organized with the Arius Enterprise project management toolset
- Monitor the status of large projects, adjust team workloads as needed and secure projects upon completion — all within the platform
- Effortlessly deliver executive-level actuarial reporting and ongoing monitoring
Take advantage of a rich summary reporting database
- Simplify your downstream financial reporting and management dashboards with a centralized repository of all analysis results
- Extract and report on information across all reserving segments, allocate efficiently and connect with other systems through API integration
Satisfy regulatory requirements with robust internal controls
- Ensure compliance by meeting risk-management requirements through governance controls within the reserving system
- Manage access rights, permissions or tasks within the actuarial software
- Track user activity with audit trails
- Lock projects once they've been reviewed and signed off on
Drive informed decision-making with richer information from your current data
- Harness the power of innovative data science and modeling techniques developed in collaboration with Microsoft's Azure Machine Learning technology and data science teams
- Uncover hidden patterns, extract new insights from your data and enhance your decision-making
Automate your reserving processes
- Eliminate the mundane, labor-intensive tasks in the reserving process, making it smarter and more efficient
- Significantly reduce the time your actuaries spend performing tedious data management tasks and managing spreadsheets
- Allow your actuaries to spend their time where they can add the most value
Secure your organization with integrated compliance and governance controls
- Mitigate stress and manage operational risk through robust user management and a rich control environment
- Lock down and securely store your data and analyses
- Manage your actuarial analyses in accordance with peer review and internal/external risk management requirements
Reduce reliance on IT resources and empower your reserving actuaries
- Streamline your operations with a cloud-based solution that is easily implemented and maintained
- Empower your actuaries by putting the data tools directly in their hands, eliminating bottlenecked processes and ad-hoc data requests to IT or Claims
Minimize error-prone human processes with our advanced data analytics
- Build reliable workflows with process automation and analytical defaults combined
- Reduce the significant opportunities for errors that come with routine manual tasks across multiple users and spreadsheets
Leverage the cloud-based Microsoft Azure platform to scale performance
- Leverage your own dedicated Azure cloud to retain and use as much granular data as you would like
- Scale your Azure processing capacity as project demands change to effectively manage costs and resources
Drive informed decision-making with richer information from your current data
- Harness the power of innovative data science and modeling techniques developed in collaboration with Microsoft's Azure Machine Learning technology and data science teams
- Identify patterns that may have been overlooked, uncover new insights from your data and make better informed decisions
Frequently Asked Questions about Akur8’s Actuarial Reserving Software
What is Arius Enterprise?
The Arius Enterprise system is a complete end-to-end actuarial reserving solution for property and casualty insurers.
Our reserving technology for actuaries helps sophisticated insurance organizations analyze loss, claim and reserve data quickly and efficiently, automate key reserving processes and track and manage many concurrent reserving projects.
It’s specifically designed to help reserving actuaries better understand the nuances of their company’s business and deliver results reliably and on time.
What makes Arius Enterprise unique?
Arius Enterprise is not just a calculation tool, but a full end-to-end actuarial reserving software solution. It brings together process automation, governance, a reliable cloud implementation, real-time back-up and easy distribution across multiple offices, locations and companies.
How does Arius Enterprise improve actuarial reporting?
Rather than relying on risky or inefficient spreadsheets for output, Arius Enterprise provides actuarial data tables that are designed specifically for reporting purposes together with Microsoft Power BI for powerful, flexible reporting.
How does my business benefit from Arius Enterprise?
Arius Enterprise automates routine steps of the reserving process, so you can devote your valuable actuarial resources to the most important parts of your business. You’ll also have more confidence and your entire team will be more efficient with Arius Enterprise’s centralized database of all the data necessary for flexible, custom analyses.
What additional support services do you provide to customers of your actuarial reserving software?
Our technology and actuarial professionals will work closely with your reserving, data and IT teams to implement the Akur8 Reserving solution that best fits your needs. We will help customize a solution to match and support your preferred workflow.
Where appropriate, we will implement and help you take advantage of best practices we have learned from many other similar implementations.
We will work with your data professionals to assure that all insurance data is flowing as necessary to support the efficient solution that you are expecting, and we will train your professionals to make optimal use of all the tools and capabilities. Your team will be up and running and enjoying the benefits of Akur8 Reserving in a matter of weeks or less, depending on the solutions you are putting in place.
