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No Code Applications for Bulk Purchase Annuities

No Code Applications for Bulk Purchase Annuities

tom • Oct 06, 2023

The Bulk Purchase Annuity (BPA) market in the UK has been growing rapidly and is set to expand further with new entrants joining the existing participants. 

At Zenith we have a wealth of experience helping both new and existing BPA insurers with their complex actuarial modelling needs related to bulk purchase annuities. Our expertise has been embodied in  evo-insight  which incorporates a suite of  no code,  hosted actuarial applications specifically tailored to meet the analytical needs of the BPA participants. These applications are equally relevant for other life insurers and  cover a wide range of actuarial functionalities including:

  •   – Transaction Pricing for annuity portfolios  
  •   – Solvency II Reporting – supported by proven liability and assets cashflow models and stresses covering all standard product features, asset classes
  •   – Standard Capital SCR calculation
  •   – Analysis of Change  
  •   – Matching Adjustment calculation    
  •   – “What if” business planning and ORSA with full rebasing  
  •   – Independent Model Audit and Review  
  •   – Longevity Analysis  

Unlike traditional actuarial modelling systems, all the   evo-insight   applications are available on a subscription fee basis and fully maintained by Zenith. These pre-built applications are complete with integrated data warehousing, workflow, scalable on-demand compute, results storage, and insightful analytics.  

Use  evo-insight  to rapidly bring governed BPA analytics into the hands of users.

For a discussion on how  evo-insight   can help you please contact Dan (dan.wainwright@zenithactuarial.com) or Martin (martin.sher@zenithactuarial.com)

Insights

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We are delighted that our evo-insight no-code modelling solution has won the prestigious InsuranceERM’s Annual UK & Europe Awards 2024 Solvency II Solution of the Year. The judges felt that “evo-insight stood out as a…Read more The post Solvency II Solution of the Year appeared first on Zenith Actuarial.

Are you looking to rapidly to convert your complex spreadsheets into powerful web applications?

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Accelerating Product Development & Pricing with evo-insight 

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We are pleased to announce the launch of our Market Insights AI service powered by evo-insight. Leveraging PRA monthly Solvency II data, this service provides users with an interactive AI driven experience coupled with…Read more The post Zenith’s new Solvency II Market Insights AI Service appeared first on Zenith Actuarial.

No Code Applications for Bulk Purchase Annuities

By tom • 06 Oct, 2023
The Bulk Purchase Annuity (BPA) market in the UK has been growing rapidly and is set to expand further with new entrants joining the existing participants.  At Zenith we have…Read more The post No Code Applications for Bulk Purchase Annuities appeared first on Zenith Actuarial.

Reform of the Matching Adjustment

By tom • 02 Oct, 2023
PRA Solvency II reforms: CP19/23 Reform of the Matching Adjustment From our work supporting many UK insurers, we appreciate that the Solvency UK reforms will be a key focus for…Read more The post Reform of the Matching Adjustment appeared first on Zenith Actuarial.

Auto-Scaling of Stochastic Spreadsheet Models with evo-insight

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The financial services sector frequently utilises complex, stochastic spreadsheet models, which can contain months or years of valuable development work and IP. Often, these spreadsheets need to access externally generated scenario files or use Excel’s random distribution generators…Read more The post Auto-Scaling of Stochastic Spreadsheet Models with evo-insight appeared first on Zenith Actuarial.

Discussing technology trends in the InsuranceERM technology guide

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We are delighted that the Insurance ERM 23/24 Enterprise Risk Management Technology Guide features an interview with our Commercial Director Dan Wainwright in which he discusses how evo-insight supports insurers…Read more The post Discussing technology trends in the InsuranceERM technology guide appeared first on Zenith Actuarial.

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By tom • 11 Sep, 2023
The insurance market is a dynamic and increasingly complex environment. This has led to growing demands on actuarial and finance departments to produce new and enhanced analytics, to support strategic…Read more The post Delivering Governed Analytics Rapidly into the Hands of Users appeared first on Zenith Actuarial.
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