Instantly turn millions of claims records into actuarial triangles
Master your source data, triangles methodology and analysis segmentation
- Take charge of how your claims data is aggregated and formed into actuarial triangles using granular data and the Triangles on Demand Azure cloud platform
- Eliminate the dependency on other teams for scheduled data pulls or fulfilling ad hoc requests
Filter and segment your claims data with advanced query capabilities
- Roll up your claims into meaningful reserving segments with an easy-to-use query builder, no SQL knowledge required
- Build custom aggregations to identify, explore and address specific issues or situations effectively
Ensure high reliability in your reserving data via automated direct import
- Link claims data from the Triangles on Demand databases to Arius projects with an automated import
- Increase confidence in your analysis with additional reconciliation tools that ensure the reliability of your numbers
Drill into any cell of a triangle to identify claim level data that supports it
- Gain deeper insight into your claims data by directly accessing the claim records that constitute each cell in a triangle
- Explore 'what if' scenarios in greater detail by adding segmentation or excluding large losses
Frequently Asked Questions about our actuarial triangles solution
What are the benefits of using a professional reserving tool to build actuarial triangles?
Triangles on Demand puts actuaries in charge of their own data, giving them more control. With Triangles on Demand, there’s no more time lost having to wait on other departments for your regular data feeds or to fill ad hoc requests. Get revised cuts of different granularities or segmentations instantly and analyze with more meaningful aggregations of your insurance claims data to address or identify specific issues or unique situations.
Do Arius and Arius Enterprise include Triangles on Demand?
A license for the Arius desktop system does not include Triangles on Demand, but you may license it in addition to maximize the efficiency and reliability for your reserve analysis. An Arius Enterprise license does include Triangles on Demand and all of the added benefits that come with it.
Do you need to know SQL to use Triangles on Demand?
No. Triangles on Demand features an intuitive query builder that allows your actuarial reserving team to organize claims into meaningful reserving segments without the need for SQL knowledge.
Is Triangles on Demand more efficient and reliable than building actuarial triangles in Excel?
Triangles on Demand consolidates all your data into one place, quickly aggregating hundreds of millions of records into triangles of any size or detail, making it much more efficient than building actuarial triangles in Excel. What’s more, it is a professionally engineered and tested database solution, so your actuaries can be assured they’re starting with reliable numbers, and so you can have more confidence in the results.
What methods are used to manage data in Triangles on Demand?
The system uses powerful query capabilities that allow actuaries to create custom groupings and segmentations without the need for SQL knowledge. This flexibility allows for re-segmenting data to facilitate deeper analysis and assess various scenarios.
What kind of companies can use Triangles on Demand?
Triangles on Demand is designed for insurance companies, consulting firms and any other organizations that require robust actuarial data management and analysis tools.
How does Triangles on Demand improve company efficiency?
By automating data aggregation and providing instant access to analytical tools, Triangles on Demand reduces manual work, minimizes errors and accelerates the decision-making process, thereby improving overall company efficiency.
How much time does it take to implement and use Triangles on Demand?
The implementation period is typically short, with a focus on rapid deployment and minimal disruption to ongoing operations. The cloud-based technology ensures that data access and management are both fast and efficient. Akur8’s reserving expert team works closely with clients to ensure a smooth transition.
