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Next generation advanced analytics for the insurance and reinsurance industries
Now you can have the tools you need to truly understand your business. Your team will get a more efficient actuarial analysis process and a deeper understanding of the underlying insurance exposure so you can make more informed business decisions.
Find the Arius system that’s right for your team and your business.
Arius® is a complete solution for analyzing casualty reserves and estimating ultimate loss costs. It combines our industry-leading stochastic insurance modeling tools with a robust suite of deterministic reserving tools and actuarial methods.
Arius adds reliability and efficiency to your actuarial analysis process, so your team can focus on the important issues in your business.
Manage your overall reserving and reporting process, increase efficiency, and improve the accuracy of your loss reserve estimates. Arius Enterprise® is an actuarial platform that streamlines your entire P&C reserve analysis process.
Save hours every quarter rolling up, preparing, and reconciling claim, expense, and other insurance data to meet your increasingly tight deadlines. Triangles on Demand® (TOD) summarizes hundreds of millions of records into triangles of any size and level of detail. Simply request your specific data sets from with Arius and the resulting loss triangles appear in the system ready for you use.
Milliman’s Claim Variability Benchmarks ™ (CVB) provide benchmark statistics for comparison with your own data, drawn from statistical analysis of 5,100 companies, over 30 years of activity, for 16 Schedule P Property & Casualty insurance lines of business.
Startup time for most users is measured in hours, not weeks, thanks to Arius’ intuitive, user-configurable interface, and its extensive help in parameterizing even sophisticated models.
Arius conforms to the way your department works, not the other way around. Customize reports or exhibits based on what you need, and the system will manage them for you.
Arius’ heritage includes some of the industry’s leading reserving tools. It combines both proven reserving strategies as well as some of the latest actuarial thinking.
Arius sets the standard for speed and reliability. All deterministic calculations happen in real time, and simulations run hundreds of times faster than in spreadsheet models.
Milliman consultants have extensive experience using Arius, so we can provide the support you need, from basic training to a complete redesign of your reserving process.
Arius provides the shortest possible time to value thanks to fast implementation, ease of learning, and informative reporting.
We can help you apply best practices we’ve learned at other similar insurers to enhance your reserving processes, and to help your team more effectively use technology to improve your workflow, analysis, and reporting.
Uniquely independent, Milliman provides reserve analyses and practical advice to the entire range of insurance entities. With more than seven decades of experience, we bring an unparalleled depth of technical knowledge, which allows us to communicate our work with exceptional clarity.
Milliman, Inc., a premier global consulting and actuarial firm, announced today…
All the reserving tools you need in a single, efficient, reliable solution.
Arius uses multiple models to provide the best possible fit for your data.
Arius Enterprise is the solution to help you reimagine your reserving process.
Get the data you need for any analysis and make your whole team more efficient.
Arius is an actuarial platform for analyzing casualty reserves and estimating ultimate loss costs. It combines industry-leading stochastic insurance modeling tools with a robust suite of deterministic reserving tools and actuarial methods. It adds reliability and efficiency to the actuarial analysis process, so senior analysts can focus on the important issues in their business.
The Arius Enterprise system is a complete end-to-end reserving solution for property and casualty insurers. It helps sophisticated insurance organizations analyze loss, claim, and reserve data quickly and efficiently, automate key processes, and track and manage many concurrent reserving projects. It’s specifically designed to help insurance actuaries better understand the nuances of their company’s business and deliver results reliably and on time.
Arius is actuarial software for reserve analysts at medium to large or rapidly growing property and casualty insurance and reinsurance companies.
Arius manages the entire reserving process, so you can focus on your actuarial analysis, not on assembling and manipulating data or worrying about volatile formulas or links. Arius provides hundreds of diagnostics, exhibits, methods, and summary reports right out of the box, so your team will be productive almost immediately.
Arius Enterprise is not just a calculation tool, but a full end-to-end actuarial reserving software solution. It brings together process automation, governance, a reliable cloud implementation, real-time back-up, and easy distribution across multiple offices, locations, and companies.
Rather than relying on risky or inefficient spreadsheets for output, Arius provides data tables that are designed specifically for reporting purposes together with Microsoft Power BI for powerful, flexible reporting.
Arius automates routine steps of the reserving process, so you can devote your valuable actuarial resources to the most important parts of your business. You’ll also have more confidence and your entire team will be more efficient with Arius Enterprise’s centralized database of all the data necessary for flexible, custom analyses.
Our Arius solutions help actuaries estimate losses and reserves up to four times faster and more reliably than using older, risky spreadsheets. We give actuaries easy access to sophisticated insurance analytics, and provide reliability and efficiency to the entire reserving process, from raw claim data all the way through to final reported financials.
All formulas, calculations, and links throughout Arius are carefully designed, professionally tested, and protected within the system to assure efficient and reliable results.
Our Arius product family relies upon a sophisticated combination of C# and Python, and is built by a team of experienced professional software developers. This is professionally engineered software, not code written by part-time coders. Some of the systems also derive significant advantage from their sophisticated implementation in the Microsoft Azure cloud. We work closely with our partners at Microsoft to assure that we are making the most complete use of the Azure engineering platform and the associated leading-edge components within the Azure ecosystem. Insurance actuaries are then able to rely on these efficiency and security benefits.
Our technology and actuarial professionals will work closely with your reserving, data, and IT teams to implement the Arius solution that best fits your needs. We will help customize a solution to match and support your preferred workflow. Where appropriate, we will implement and help you take advantage of best practices we have learned from many other similar implementations. We will work with your data professionals to assure that all data is flowing as necessary to support the efficient solution that you are expecting, and we will train your professionals to make optimal use of all the tools and capabilities. Your team will be up and running and enjoying the benefits of Arius in a matter of weeks or less, depending on the solutions you are putting in place.
Call Michael Palmich at (404) 254-6740 or email him at [email protected] to schedule a demo of Arius.
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