Calculation Engine Sectoral Pension Fund

Client’s request A major sectorial 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’s approach RiskCo helped the pension fund’s administrator to model the scheme in ProductXpress. […]

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Specifications Car Insurance

Client’s request A large insurer was expanding the sale of its car insurances to new markets. This involved marketing a new product that had to comply with the local legal requirements. RiskCo’s approach ProductXpress was used to draw up the specifications and to create a legible document for the car insurance. In addition, the product model […]

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Calculation Engine Pension Fund

Client’s request A medium-sized sectorial pension fund wanted to phase out their original calculation engine. RiskCo’s approach To achieve this goal, RiskCo modelled the entire scheme  in ProductXpress. RiskCo’s Calculation Framework was used for bulk regression tests on all participants. During testing, diverse errors in the original calculation engine were discovered and we corrected them in ProductXpress. […]

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Calculation Engine Life Insurance

Client’s request A large bank insurer wanted to substitute the calculation engine of its traditional life insurance policies with a model inProductXpress. RiskCo’s approach After the first delivery of the product with its original rates, new rates were introduced within a month. The technical facilities were then modelled in ProductXpress to create the basis for modelling […]

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Calculation Engine Mortgage Interests

Client’s request A major bank insurer asked RiskCo to develop a tool to calculate mortgage interests RiskCo’s approach We used ProductXpress as a calculation engine to calculate the mortgage rates. The mortgage interest calculations contained various product options and made use of a central database to acquire information about the rates of interest in the market. On […]

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Actuarial Year-End Report

Client’s request For a medium-sized sectorial pension fund, making the annual reports for the regulator was a project that would take several months. The process included a lot of handovers between different departments. The pension fund asked RiskCo to simplify (fewer handovers) and speed up this process. RiskCo’s approach RiskCo used ProductXpress and the RiskCo’s Calculation […]

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Compensation Life Insurance

Client’s request A large life insurer wanted to calculate the compensations of private pensions at the policy level and communicate this to the insured. RiskCo was asked to calculate these compensations by using ProductXpress and our data tooling. RiskCo made the calculations for a portfolio of 500,000 policies. RiskCo’s approach To execute the project, RiskCo formed […]

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Compensation Pensions

Client’s request A large bank insurer with several pension portfolios wanted to calculate compensation amounts at the policy level and communicate these to the policyholders. RiskCo was asked to structure and execute this project. RiskCo’s approach RiskCo formed a team of modellers, IT specialists and project managers that worked together with the insurer’s Actuarial Knowledge team. […]

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New Pension Scheme

Client’s request RiskCo was asked by a pension provider to implement a pension fund’s scheme in the administration. The administration of this pension fund used to be managed by another administrator. The scheme had to be modelled so that it would align perfectly with the client’s already existent system even though the old provider used […]

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