Where you are today
Today’s actuaries have too much data to analyze and our organizations have become too complex for us to get completely comfortable that reserves are adequate and reasonable, especially under ever-tightening deadlines.
IT professionals must provide financial solutions that are rock-solid, full-featured, and provide significant value and quick payback.
Arius Enterprise® streamlines your entire P&C loss analysis process. It gives you:
The benefit for you
Arius Enterprise combines immediate access to all your data, superior tools to analyze and report on your results, and systems to automate much of the mundane work in your regular analysis process. You get analyses that are efficient, consistent, and accurate. You can be more confident in your results and add more value to your organization.
Short time to value
A key component of value is how soon you can actually begin to recognize it.
Arius Enterprise combines our industry-leading analysis and data-management solutions and our years of understanding of the processing needs of actuarial professionals.
We will do most of the implementation work, working closely with members of your team. We will help you test the solution in your environment, and we will provide training to your professionals.
With Arius Enterprise, your users will be up and running and enjoying the benefits in a matter of weeks. Insurers that try to build similar solutions on their own often take years in the process; the resulting solutions cost more, don’t have the benefit of many other companies’ ideas and input, and significantly delay the value they are designed to provide.
Process redesign consulting
In addition to a better software solution, implementing Arius Enterprise also offers a unique opportunity to improve the work processes throughout your reserving, actuarial, or finance department. Our consulting team will work with your professionals to understand your overall department goals and concerns. This will include interviewing your team regarding processes and procedures, as well as reviewing your current workbooks, analyses, approaches, and resulting reports. Our specialists will review these processes in light of their experience with best practices at similar insurers, and how those practices are effectively implemented in Arius Enterprise. We will provide recommendations for a more efficient and informative overall reserving work stream. Such recommendations can include suggested templates, analyses, custom tables and collections, and procedures to support quarterly roll-forward, actual versus expected analyses, final signoff, and potential integration with other downstream systems.
Arius analysis toolset
Arius Enterprise includes one of the most widely used actuarial analysis system in the world. Our popular Arius solution is a complete framework for your entire P&C loss analysis. It provides more than 40 deterministic reserving methods, 11 different stochastic reserving models, and more than 200 exhibits and reports, already defined and ready to use. You get sophisticated analyses without formulas or programming hassles, all implemented consistently across your entire department. See our Arius section for videos and sample reports about how Arius gets you the reserving information you need, when you need it.
The Arius Enterprise database is custom designed to meet your company’s unique analysis style and reporting requirements, and it gives your reserving team complete control of their own data.
It retains and provides the data necessary for both regular and ad hoc analysis, pulled from sources throughout the company, including underwriting, claims, and accounting.
Data is stored and managed in the Microsoft Azure cloud, so it’s readily available to your team members no matter where they are.
Data can be rolled up into triangles however you need it, both automatically at the start of every period and on a one-off basis.
Do you need data at certain limits? Want to combine or separate out sub-lines, coverages, or regions? Need prior results or selections? These can all be available at your fingertips with Arius Enterprise.
Arius does much of the mundane work of P&C reserve analysis for you, so you can spend your valuable time where it matters most.
The system can set up new periods for you, and load new data for your team to work on. It can make initial selections of factors, tails, and even ultimates based on your criteria (prior selections, specific averages, industry benchmarks, etc.) to get your analysis started more quickly.
Arius can run your Actual vs. Expected analyses to give you a head start on your work, and to help you focus your team’s resources. It can combine sub-lines into lines or programs into companies, and then run additional analyses. Finally, it can help roll up data and results for summary analysis and reporting.
All this allows you to spend your valuable time reviewing more complex issues, unusual changes, and special situations. Think how much more value you can provide if all your professionals focus their time almost exclusively on the areas that really matter!
While you may do your analysis down in the trenches, we understand that a lot of additional work goes into summarizing your results for final reporting. Arius Enterprise helps with that process too.
Results of all analyses are easily combined however necessary.
Powerful visualization tools help you see trends and relationships not obvious in typical reports.
Easily drill down within graphs to further understand complex issues.
Both reports and visualizations help you more clearly report your findings to senior management and the Board.
Arius Enterprise helps you keep track of the status of all analysis projects throughout the reserving team.
Monitor what everyone is working on with an easy-to-review dashboard of your team and your work streams.
Allocate work and tasks for greater efficiency.
Identify challenges or bottlenecks earlier, and find potential resources from within the team.
Document your review process, and produce signoff reports for your audit records.
Lock projects that have been signed off to prevent inadvertent or subsequent changes.
The Microsoft Azure Cloud makes everything easier and more secure.
Arius Enterprise relies on Microsoft’s secure Azure enterprise-grade cloud computing platform.
Azure provides an extremely stable and reliable environment for your team to work in, accessible from virtually anywhere.
Storage space and processing power are easily scalable in Azure as your needs grow. Your IT professionals don't have to purchase and implement additional hardware like they would with an older style network server environment, nor do they have to maintain or support it.
Backups, archiving, and system redundancy are also much more straightforward in Azure than with traditional network server implementations, requiring little additional effort, time, or hardware resources.
Your company’s Security professionals can manage the security, rights, and privileges throughout Arius Enterprise, consistent with your company policies.
With data centers throughout the world, Arius Enterprise data can be hosted in jurisdictions appropriate for most any situation.
We know that managing the security over your reserving processes is very important to you. It is to us as well.
All data and results are stored in Microsoft’s secure Azure cloud platform.
User accounts and access controls are tightly managed by your IT/security team.
All permissions and rights to data sets and capabilities can be managed for each individual user.
Authentication can be integrated directly into your current network authentication process; this supports single sign-on access for the same control you have over all other company network connections.
Logging and journaling of all activities support governance and compliance needs.
Consistent analysis across your department adds efficiency to your overall process.
Building, testing, reviewing, and maintaining actuarial spreadsheets can consume time from key resources throughout a reserving department. This can be even worse if some of those files are not shared across users as effectively as they could be, and if they are handed down from one user to the next over the years.
Arius helps you create template analysis exhibits, methods, and reports. A model or approach built or enhanced by one analyst can be easily shared with many others.
Because Arius tightly controls the formulas and links with data and with other exhibits, once built or enhanced these templates do not require additional tech-review. Management time can be spent on more valuable tasks.
Peer review is also much more efficient, because analyses are similar in structure and format across your various analysts.
Arius Enterprise provides your users with direct access to Arius, the industry’s leading reserve analysis tool set.
Arius is entirely self-contained. All data, all relationships, and all exhibits and reports are maintained and controlled by the system and all formulas are protected from accidental errors. Your entire analysis is protected from the spreadsheet risk that is inherent in all Excel-based analysis work. You can focus on more in-depth analysis, not on tech-reviewing spreadsheets.
It provides hundreds of exhibits, actuarial methods, and reports, already pre-built, tested, and ready for you to immediately start using. If you don’t find exactly what you need for a special situation or requirement, you can easily build your own or modify one of Arius’ standard templates to meet your specific needs.
Arius also offers three families of stochastic models especially designed for estimating distributions of possible outcomes. These offer significant insight into the variability in your estimates, and provide important information to help in understanding your positions and in making key business decisions.