Insurance software
Insurance software
 

Life Actuarial Mathematics


INSIS has fully integrated actuarial mathematics for the life business. All calculations are based on actuarial formulas and the corresponding mortality and commutation tables that are supplied by the insurance company and are use by the system. Typical set of actuarial calculations is:

  • Rich set of actuarial calculations library
  • Premium calculations (Net and Gross)
  • Mathematical reserve calculation (Net, Gross, Zillmer)
  • Bonus reserve calculation
  • Cash value calculations
  • WOP reserve
  • Annuity reserves
  • Actuarial valuation including stochastic modeling



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