PowerActuary
PowerActuary is a powerful actuarial and risk calibration excel add-in for life insurance and annuities products encompassing the space of single life models, joint life models and risk calibration tools. The solution does the actuarial "heavy-lifting" so the manager/analyst can focus on the modelling. It comes in the following editions:
- Over 85 life insurance, annuity and risk-calibration single life models.
- Models to aid pricing, liability valuations, portfolio risk calibration.
- Model and function names are closely chosen to mimic traditional textbook model names- making it much easy to learn and relate.
- A tremendous tool to aid students gain insights into actuarial modelling and product pricing.
Who is the Student Edition for?
- Highly recommended for actuarial and other quantitaive students(graduate & undergraduate) having a need to model actuarial and financial risk.
- Highly recommended for actuarial professors/programs seeking to enrich the hands-on modelling experience of students with a view of strategically offering their students a competitive advantage in the marketplace.
- Highly recommended for insurance companies with interns/recent graduates programs to help with on-boarding with a view to enabling them to use their modelling skills and contribute to the production process.
- Over 115 life insurance, annuity and risk-calibration single life models.
- All the functionality and uses of the Student edition plus profit testing and optimization tools.
- 10% discount for full-time students.
Who is the Lite Edition for?
- Highly recommended for the budget consummate independent professional having a need to model actuarial and financial risk.
- Experienced production teams needing modelling tools to aid and speed up the production process.
- Over 200 life insurance, annuity and risk-calibration models for single-life models, joint-life models and profit testing models.
- All the functionality and uses of the Student edition, Lite editions, joint-life models plus much more.
- Enhances Rapid Product Pricing and Development(RPPD).
- Allows attention to be on modelling, strategy and competition.
- Calibration of in-demand product features.
- Value-At-Risk(VaR) portfolio calibration tools.
- Conditional Tail Expectaion(CTE) calibration tools.
Who is the Professional Edition for?
- Recommended for life insurance companies to aid pricing, modelling and evaluation of product features.
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Recommended for Sr Actuarial Managers/Risk Managers involved in:
- the design of the product or pricing of the product
- risk management of the product or portfolio of products
- the implementation of key components of IFRS 17 (eg: calibration of the required Risk Adjustment component and the Contractual Service Margin (CSM))
** comming soon **