Administrative Periodic Inspection

RiskCo has developed the API (Administrative Periodic Inspection) to quickly gain insight into the quality of your administration. During an API, a copy of your administration database is made, after which all policies are calculated according to the calculation rules as stated in the regulations. The outcomes are compared to the outcomes as calculated by your pension administrator. By analyzing the differences, you quickly get an overview of the weak spots in your administration.

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ProductXpress

The development of ProductXpress began in the 1990s by the Dutch company Essentium. Via several acquisitions, ProductXpress was acquired by Hewlett Packard Enterprise and is now being successfully marketed worldwide. RiskCo is implementation partner and distributor of HP’s ProductXpress package.
ProductXpress is a product engine designed to make the calculation of financial products manageable and reproducible. ProductXpress consists of two components.

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Calculation Framework

RiskCo’s Calculation Framework computerizes all of the tasks involved in daily testing models with ProductXpress Designer. This makes it possible to test large numbers of cases and to computerize the daily bulk of regression tests. It is possible to use Calculation Framework during the day

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RRP

Financial organizations often have to work with large numbers of calculations in various systems. The results of system A then become the input for system B, etc. This leads to chains of calculations involving several (manual) transfers. Since the data have not been stored at one central location, it is difficult to analyze the calculation results and draw up reports.RRP is the platform to manage these calculation chains, make them reproducible and centrally save the calculation results.

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WEBCALC

WebCalc uses the calculation model from ProductXpress Designer that contains all of the technical calculation information needed to generate a functional calculation module. By adding a look&feel ‘skin’ in WebCalc, a fully functional calculation module can immediately be generated on the web.

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