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Software Solutions for General Insurance


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Our dedicated in-house software team designs, builds and maintains a number of general insurance software packages. Our consultants make extensive use of this software when working on engagements and we also license it to our clients so they can also benefit from it.

Our General Insurance software offering

  • CROS is our claims reserving software, which has been developed to support all reserving-based work undertaken by our consulting practice. It is an integrated package offering the following key features:
    • Quality-assured implementations of commonly-used reserving methods.
    • Leading edge automation capabilities, which mean that common tasks can be fully automated and bespoke methods may be built in-house and integrated with CROS.
    • Audit functionality, helping to quantify the impact of judgements made during the modelling process.
    • Extensive and easy-to-use links with Microsoft Office packages such as Excel and Access.

  • Our Revenue Planning Engine (RPE) projects financial forecasts and is designed specifically for non-life insurance companies. The software enables managers to prepare flexible and robust budgets and business plans by projecting the financial statements and key performance indicators for their business, based on underwriting, actuarial and financial assumptions. It can be implemented as a desktop application or an integrated solution alongside most leading enterprise software. The software provides the following key features:
    • Holistic and dynamic approach to planning which allows senior executive time to be spent on strategic issues
    • Insurance and reinsurance specific features are programmed into the calculation engine
    • Ability to aggregate data according to legal entity, business unit, product line etc. The RPE produces granular and consolidated financial statements for even the most complicated entity.
    • Extensive and easy-to-use links with Microsoft Office packages such as Excel and Access.

      For more information download  Think ahead - Business planning for the P&C industry (234 KB)

  • ‘ReMetrica’ by Benfield – we license this software from Benfield and have a team of fully trained and experienced users of the software. We offer bespoke modelling services using ReMetrica and are able to help you achieve your modelling requirements whether it is a partial or full internal model you require to meet your Solvency II needs. Key features include:
    • Easy-to-use, intuitive user interface.
    • Scalable model structures may be added at any time and developed in standalone modules prior to aggregation.
    • Several ready-made analysis templates, enabling a wide range of strategic and tactical problems to be addressed.
    • Powerful scenario testing.
    • Extensive and easy-to-use links with Microsoft Office packages such as Excel and Access.

  • Nexus is a resource containing many algorithms useful for statistically intensive tasks. Rather than prescribe particular methods to undertake tasks, Nexus makes a wide range of tools and methods available and hence offers great flexibility. The key features are:
    • Maximum Likelihood fitting of distributions.
    • Generalised algorithms to address common pricing issues such as:
      • Individual ultimate ground up losses.
      • Losses to layer
      • Excess losses
      • Grouped loss data
      • Aggregate burning costs.
    • Claim number modelling and forecasting.

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