Tools for appointed Actuaries
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.