Actuarial tools

Mathematica and models

  • Testing of actuarial quantities in Mathematica
  • Model development and evaluation
  • Code-generation
  • High-precision numerics

COMPARE

COMPutation of Actuarial Risks and Estimates.

COMPARE computes market value allowance, solvency II allowance (1. order, 2. order and 3. order), benchmark, incl. cohort effects, all cash-flows, all liabilities and all assets and can easily be extended to handle internal models (e.g. including additional states dealing with disability termination). With our general kernel as a starting point a number of optimization studies can be performed, since a large number of scenarios can be computed in very short time.

 

All cash-flows are computed and general N-state models are treated in a very fast numerical setup.

 

A number of possibilities exist for choosing (time-dependent) transition intensities. For example a very general Lee-Carter format is available.

 

Easy and fast implementation of new models.

 

COMPARE may be setup to run on a variety of platforms including standard PC's running Windows operating systems, Linux etc.COMPARE can be used as an add-on tool, a service or it can run as a stand-alone application.

 

Scientific reference methods are used throughout, so that rigorous precision goals are achieved.

 

New: A large number of life-insurance types "grundformer" is implementet. Forward interest curves are used in scenarie computations.

 

New: Extension to handeling individual policies

 

Please send an email to gmechComputing@gmail.com for futher information.