Insurance Results Projector
Data-driven risk analysis
Data analytics solution for prediction claims expenses
With the Insurance Results Projector, we take care of estimating underwriting results for you. The data analytics solution for insurance companies estimates on the basis of data from the past, the future profits from portfolios of property and casualty insurance contracts
Your benefits
2x
Faster digitisation
Digitise your processes twice as fast with the Insurance Results Projector compared to the in-house solution and position your company for the future
30 %
Cost savings
Reduction of personnel expense and relief of the controlling department
100 %
End-to-end service
From data acquisition and the definition of assumptions to the graphical preparation of results
Estimate of claims expenses
Reliability and adequacy of the process has been confirmed by the use of the Insurance Results Projector in numerous annual audits of insurance companies by market leader PwC.
01
Import of damage frequencies and levels
First, we extract from your accounting system your actual historical loss frequencies and levels separately for each portfolio. Then, the data is normalized to today's conditions by the Insurance Results Projector (indexing).
02
Detection of the probability distribution
The Insurance Results Projector then graphically prepares the normalized loss frequencies and the average loss amounts. Our industry experts then determine the probability distribution for these two variables.
03
Predictive Analytics
Based on the determined probability distribution of the variables "loss frequency" and "average loss amount", the loss expenditure is now estimated by a Monte Carlo simulation (predictive analytics).
04
Risk assessment
The position of the projected loss expenses in the historical probability distribution thus allows a final risk assessment to be made with regard to the amount of the loss expenses.
