A major sectoral pension fund (with 400,000 members) wanted to replace the calculation core that was used for calculating entitlements and premiums. This project consisted of transferring the old implementation of the scheme to a modern implementation in ProductXpress.
RiskCo helped the pension fund’s administrator to model the scheme in ProductXpress. During this process, the model was extensively tested in ProductXpress. By starting these tests in an early phase of the project, we found considerably fewer issues during system and acceptance tests.
The project was successfully delivered after a year and a half. The models have been put into production and have been in use for over 8 years now, to the full satisfaction of the product managers.