Welcome to Formulative Reserving App
FORMULATIVE is a cloud based life actuarial modelling framework which can be used to calculate reserves for any prescribed methodology in a faster, automated and secure way. Our focus is to provide automated and customised actuarial modelling framework to small sized businesses in a cost and time effective medium.
Currently it’s fully built to automate calculation for US based NPR (Net Premium Reserves). And could be fully customisable for any other prescribed methodology.
What does Formulative Provide:
1. Automated, fast and robust calculation platform that is able to calculate reserves for thousands of insurance policies without manual interference.
2. Built on industry’s leading security framework. Provides a smooth hosting facility that can be provisioned on cloud/intranet platforms.
3. Built-in mechanism for interest rates, lapse rates, mortality rates, mapping and simulation rules while providing multiple ways to view and download results.
4. Highly Customisable application which allows the users to add or change existing functions, interface and reserving methods.
5. A cost effective and robust solution, to automate your calculation process that saves both time and money.