Particularly in actuarial processes such as pricing, claim prediction or risk management there is a lack of skillful workforce, time resources and/or external software to utilize benefits of data science in insurance. That is why we invented ActuAI Platform – an enterprise software solution tailored to insurance data science applications.
What is ActuAI?
Quantee ActuAI Platform is an easy-to-use, secure and auditable cloud-based solution for actuarial departments in the insurance and reinsurance sectors. It is software designed by actuaries for actuaries to automate, enhance and accelerate traditional actuarial processes with automated machine learning algorithms, explainable AI and understandable visualizations.
How it differs from other external software and internal data science teams?
- ActuAI is the first platform for multiple actuarial processes using true artificial intelligence to boost actuarial modelling.
- ActuAI offers great flexibility that actuaries expect.
- ActuAI allows you to utilize the benefits of automated machine learning effortlessly, saving much time on PoC and building models in production.
ActuAI is considered as end-to-end actuarial data science platform containing modules not only for non-life pricing but also for life/non-life lapse analysis, claim prediction and capital modelling. It follows the actuarial modelling pipeline involving raw dataset upload, a robust selection of data transformations and both benchmarking actuarial models as well as interpretable machine learning algorithms.
These algorithms are tailored to specific meanders of actuarial modelling, hardly available in open-source software such as exotic loss functions, exposure or offset variables and visualizations just for actuarial reporting purposes.
Our team (mostly consisting of qualified actuaries) works with an aim to build software allowing for great flexibility. Therefore, the modelling can be: