Calculation Module

InsurEasy Insurance™ enables users to create formulas, run simulations and consult interim results. And as soon as the formula is ready, it can be made available for production. Formulas can also be executed from Excel or any other relevant application.

The user-friendly formula editor allows experts to define formulas for the calculation of premium rates, provisions or anything else. What’s more, the formula parser was conceived to be flexible from the beginning – and can be extended when new functionalities are needed.

InsurEasy Insurance™ provides various components that are dynamically definable and can be fully integrated into formulas:

Multidimensional matrix
Mortality tables – defined or imported
Dynamic technical basis and corrective factors
Arithmetical and logical operations
Commutation numbers

Existing tables and tariffs are pre-defined and can be used within an extendable database. For non-life insurance calculations, you can create specific tables for frequency or average costs.

This print screen, for example, shows the formula defining the calculation of a premium rate for life insurance: