Global consulting and actuarial firm Milliman has released the latest version of its Arius insurtech software solution, a reserve analysis system for property and casualty insurers and large self-insureds.
The new release provides significant enhancements to the systems’ analytical and reporting capabilities.
This update includes tools to help actuaries and insurance analysts more easily locate and take advantage of exhibits and reports in the system’s collection of analytical tools.
It also aims to improve the flexibility when performing actual versus expected analyses, and expands exhibits to help address additional IFRS-17 reporting requirements.
Furthermore, the release provides users of Milliman’s larger Arius Enterprise system with access to additional data for use in analytics, reporting, and Drivers of Change analyses.
“Our clients are always looking for new and better ways to see what’s going on in their data, to understand what’s driving the changes, and to explain their thoughts and findings to other senior business leaders,” said Ken Scalf, a Milliman Principal and Arius Product Manager.
“This release provides a number of new capabilities to help P&C actuaries automate and work through their analyses more efficiently so they can focus on the areas where their substantial expertise can provide the most value to their organization.”
