Portfolio management software for insurers
Portfolio management: why?
Visualising the process
Successful portfolio management becomes a control cycle.
It repeats regularly with reassessments and refinements.
Emerging data is ingested each iteration, and previous assessments and actions are tested and updated.
What stands in the way?
The “4 Cs” are common challenges inhibiting effective portfolio management. A fifth “C”, cost, doesn’t feature. It is not expensive. But it is a mindset and organisational commitment.
If the answers are “no”, you need a platform for portfolio management.
What can Sybil do for you?
The importance of a platform
A deep and involved control cycle requires a platform:
For robustness, to ensure all parts work together. No silos (“culture”).
To manage complexity, keeping track of assumptions, parameters, and sensitivity and scenario tests; creating documentation and audit trails; and to do all this repeatedly with regular data ingestion and analysis.
To deliver the richness of insight consistently over time, engendering credibility and ensuring the value is repeatable and sustainable.
To provide assurance and governance, which matters to regulators and boards, as well as confidence for management.
► A strong platform addresses the “4 Cs”
Key features
IBNR module – full-spec triangulation tool for estimating IBNR including diagnostic charts.
Rate adequacy module – an innovative actuarial toolkit building a model of historical and future rate strength. We take account of internal and external factors that affect performance. Algorithms with full statistical diagnostics, augmented with manual capabilities, ensure the model fits the data.
Feedback between these two actuarial modules ensures each informs the other: a single version of the truth.
Main dashboard – a user-friendly summary of results. View as a time series or alternatively by comparing and contrasting different segments. Filtering, drilldown, grouping and tiering. Colour-coding, toggles and rich graphical summaries help cut through the complexities of the analytical heavy lifting.
Robust infrastructure – audit trail and version control. Move seamlessly between accident year and underwriting year cohorts. Explore the portfolio with sensitivity analysis and scenario testing. The software automatically allocates IBNR and rate strength assessments to all components of the portfolio.
Regular data ingestion and efficient analytics facilitate a control cycle of data ► analysis ► human oversight ► decision making. Sybil includes an action log to monitor activities and flexible exports to support financial planning and analysis.
