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AXIS from GGY AXIS
A comprehensive actuarial modeling system that enables users to perform complex and sophisticated analyses on life, health, and property casualty insurance products.
Product analysis by function
Reserve Analysis Systems for Actuarial Department
Software that helps actuaries calculate and monitor insurance reserves, ensuring the company maintains adequate funds to meet future claim obligations.
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Core Reserve Calculation
(7 Yes /7 Known /10 Possible features)
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Multiple Reserve Methods Support Ability to calculate reserves using a variety of commonly used actuarial methods (Bornhuetter-Ferguson, Chain Ladder, Mack, etc.). |
AXIS documentation and user reports confirm it supports multiple reserve methods including Chain Ladder, Bornhuetter-Ferguson, and Mack. | |
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Custom Formula Builder Allows users to implement custom reserve formulas and tweak assumptions to fit their company’s specific needs. |
AXIS allows users to specify custom actuarial formulas and assumptions, per user guides and client feedback. | |
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Assumption Management Centralized management of actuarial assumptions (loss development factors, claim frequency, severity, etc.). |
Centralized management of assumptions (LDFs, freq/severity, etc.) is a core AXIS feature. | |
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Parameter Versioning Keeps track of changes to key reserving parameters and allows rollback or audit of past changes. |
AXIS provides parameter version tracking, rollback, and audit logs, as described in product documentation. | |
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Reserve Adequacy Testing Capabilities for stress testing and scenario analysis to check the adequacy of reserves under varied conditions. |
AXIS enables reserve adequacy stress testing and scenario analysis. | |
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Bulk Valuation Runs Ability to process reserve calculations in bulk (e.g., many portfolios or lines at once). |
Bulk valuation and processing of many portfolios at once is supported in AXIS batch and parallel runs. | |
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Outlier Detection Flags or highlights unusual results or potential data quality issues in reserve calculations. |
AXIS can flag unusual outputs and notify users about outliers, as per guides. | |
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Speed of Calculation The time needed to complete a standard reserve calculation. |
No information available | |
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Calculation Capacity The number of concurrent reserve calculations the system can handle. |
No information available | |
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Granularity of Calculation The finest level of data (policy, claim, line of business, coverage) at which reserves can be calculated. |
No information available |
Data Handling and Integration
(6 Yes /6 Known /10 Possible features)
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Multi-source Data Import Ability to import data from multiple policy admin, claims, and financial systems. |
Multi-source data import is supported (admin, claims, and finance systems); see AXIS documentation. | |
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Data Validation Engine Automated checks for missing, inconsistent, or erroneous data on import or entry. |
AXIS has data validation features for data import/entry errors. | |
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Data Mapping Tools Support for mapping incoming data fields to the system’s internal schema. |
Mapping tools are provided for data imports, per user guides. | |
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Historical Data Support Ability to store, retrieve, and analyze historical claim and reserve data back many years. |
Supports extensive storage and analysis of historical data for claims and reserves. | |
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Real-time Data Sync Supports real-time or near real-time synchronization with upstream systems. |
No information available | |
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APIs for External Integration Available APIs for integration with other enterprise systems (finance, reporting, ERP, etc.). |
APIs for integration with external systems mentioned in integration documentation. | |
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Bulk Data Processing Speed The rate at which the system can process imported data. |
No information available | |
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Export Formats Supported Number of supported formats (CSV, Excel, JSON, etc.) for data export. |
No information available | |
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Data Retention Period The length of time historical data is retained in the system. |
No information available | |
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Data Anonymization Provides tools to anonymize sensitive policy or claim data before export or sharing. |
AXIS offers data anonymization tools for exports. |
Reporting and Visualization
(8 Yes /8 Known /10 Possible features)
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Standard Report Library A suite of out-of-the-box reserving and compliance reports required by regulators and management. |
AXIS includes a library of standard reserving and regulatory reports. | |
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Custom Report Builder Interactive interface for building and modifying custom reserve and actuarial reports. |
AXIS provides interactive custom report builder capabilities. | |
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Dashboard Creation Tools Enables users to assemble dashboards with key metrics, visualizations, and drilldowns. |
Dashboard tools are built in for assembling visualizations and key metrics. | |
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Automated Report Scheduling Ability to schedule regular automated report generation and distribution. |
Reports can be scheduled for automatic generation and distribution in AXIS. | |
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Interactive Data Visualization Allows users to interact with charts, graphs, and tables for deeper analysis. |
Interactive data visualization is supported within report builder and dashboard modules. | |
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Export to PDF/Excel/CSV Support for exporting reports and dashboards in common file formats. |
AXIS can export reports and dashboards to PDF, Excel, and CSV formats. | |
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Mobile Report Access Ability to securely access key reports via mobile devices. |
Mobile access to reports is highlighted in product upgrades. | |
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User-level Access Controls Granular control over which users and teams can see or customize which reports. |
AXIS supports user-level access controls for reports and data. | |
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Report Generation Speed Time taken to generate a standard report for a typical portfolio. |
No information available | |
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Concurrent Report Users The number of users who can simultaneously generate or view reports. |
No information available |
Governance and Auditability
(9 Yes /9 Known /10 Possible features)
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Comprehensive Audit Trail Automatic logging of all key user actions and system changes with timestamps. |
Comprehensive audit logs for user actions and system changes are modeled in AXIS. | |
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Role-based Access Management Allows granular allocation of user rights and responsibilities. |
Role-based access management available for assigned, granular permissions. | |
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Approval Workflow Support for multi-level approval processes for key changes to reserves or assumptions. |
Supports configurable approval workflows for key changes. | |
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Regulatory Report Templates Pre-configured templates for regulatory reporting (e.g., Solvency II, IFRS 17, NAIC). |
Regulatory reporting templates supplied out-of-the-box for IFRS 17, Solvency II, and NAIC. | |
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Change Log Retention Number of years audit logs are retained. |
No information available | |
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Assumption Change Notification Notifies stakeholders on critical model parameter and assumption changes. |
Stakeholder notifications on critical assumption changes are built in. | |
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SOX Compliance Support System supports controls and workflows relevant for Sarbanes-Oxley (SOX) compliance. |
AXIS system workflows support SOX compliance, as indicated by insurance company implementations. | |
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Automated Documentation Generates system documentation, especially for model changes or overrides. |
Automated documentation, especially for model changes, is supported in AXIS. | |
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External Auditor Access Special access modes for external auditors with read-only and export-limited permissions. |
External auditors can be provisioned with special read-only access per security best practice. | |
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Control Dashboard Provides a dashboard for at-a-glance status on compliance and recent audit events. |
Control dashboard for compliance and audit is a standard part of AXIS admin modules. |
Scenario and Sensitivity Analysis
(8 Yes /8 Known /10 Possible features)
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Scenario Builder Allows creation and storage of alternative reserving scenarios (economic, regulatory, catastrophic events, etc.). |
Scenario builder tools allow creation/storage of alternate scenarios in AXIS. | |
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Sensitivity Analysis Engine Tool to automatically analyze the impact of varying key reserving assumptions. |
Sensitivity analysis engine available for varying reserving assumptions in AXIS. | |
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Scenario Run Speed The time needed to complete a scenario analysis run. |
No information available | |
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Concurrent Scenario Processing Number of scenarios that can be processed in parallel. |
No information available | |
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Scenario Visualization Tools Visualization tools for comparing the outcome of multiple scenarios. |
Scenario visualization and comparison tools are part of the scenario analysis module. | |
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Probabilistic Simulation Support Ability to model stochastic scenarios for reserve distributions. |
AXIS supports stochastic modeling and probabilistic simulations. | |
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Scenario Archive Ability to retain and retrieve prior scenarios for audit and reporting. |
Scenarios can be archived for subsequent retrieval and audit per documentation. | |
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Key Assumption Overlay Visual overlay of key assumptions and their effect on different scenarios. |
Key assumptions can be visually overlaid on scenario results. | |
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Impact Quantification Automated quantification of financial impact for each scenario. |
Impact quantification for scenarios is automated and built into scenario reporting. | |
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User-defined Macroeconomic Variables Allows input of custom macroeconomic factors affecting scenarios. |
Users can define and experiment with macroeconomic variables in scenario analysis. |
User Experience (UX) and Accessibility
(3 Yes /3 Known /10 Possible features)
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Modern User Interface Intuitive and easy-to-navigate interface suitable for actuarial work. |
AXIS' interface is modern and user-focused, per client reviews and product screenshots. | |
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Customizable Dashboards Users can rearrange, add, or remove dashboard components to fit their workflow. |
Dashboards are customizable by users. | |
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Multi-language Support Availability of the system in multiple languages for global teams. |
No information available | |
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Keyboard Shortcuts Provides productivity-enhancing shortcuts for frequent tasks. |
No information available | |
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Accessible Design WCAG and accessibility compliance for users with disabilities. |
No information available | |
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In-app Training Modules Onboarding and training resources embedded directly within the system. |
No information available | |
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User Feedback Loop In-system tools for users to log bugs and request improvements. |
No information available | |
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Mobile Responsive Interface Adapts layout and controls for mobile screens. |
Interface is mobile responsive, as recent interface refreshes emphasize mobile use. | |
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Customizable Themes Users can choose themes, colors, and font sizes for accessibility and comfort. |
No information available | |
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Page Load Speed How quickly the main dashboard loads under typical usage. |
No information available |
Collaboration and Workflow
(6 Yes /6 Known /10 Possible features)
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Multi-user Collaboration Allows multiple actuaries to work on the same reserve project simultaneously. |
AXIS provides collaboration on models with multiple actuaries working in parallel on projects. | |
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Commenting and Annotations Users can leave comments and annotations on specific calculations or data points. |
Commenting and annotations are available in AXIS workbooks. | |
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Task Assignment and Tracking Workflow tools for assigning, tracking, and reviewing reserving tasks. |
Task management and assignment features are available for workflow management. | |
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Version Control for Workbooks Automatic tracking and rollback of analysis files and models. |
Version control and rollback for workbook analyses are present. | |
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Change Notification System Automatic alerts to users when relevant changes are made by others. |
System notifies users of relevant changes via alerts. | |
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Calendar Integration Supports integration with corporate calendars for deadline and milestone tracking. |
No information available | |
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Internal Messaging Built-in or integrated messaging platform for team discussions. |
No information available | |
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Workflow Templates Predefined templates for typical reserving processes to standardize best practice. |
Workflow templates for standard processes are included. | |
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User Activity Heatmaps Visualize which parts of a workflow or project are most heavily used or modified. |
No information available | |
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Concurrent Users Supported Number of users who can simultaneously collaborate on workflows. |
No information available |
Security and Privacy
(8 Yes /8 Known /10 Possible features)
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End-to-end Encryption Encrypts data at rest and in transit to prevent unauthorized access. |
AXIS supports end-to-end encryption at rest and in transit as standard. | |
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Single Sign-On (SSO) Supports integration with corporate identity and access management |
Single Sign-On (SSO) is supported for integration with corporate directories. | |
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Multi-factor Authentication Requires two or more verification steps for login. |
Multi-factor authentication is available for secure logins in AXIS. | |
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IP Whitelisting Restricts logins to approved networks or devices. |
No information available | |
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Field-level Access Restrictions Controls which users see what data at the field-level. |
Field-level access is configurable for sensitive data. | |
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Activity Monitoring System maintains detailed logs and alerts on suspicious activity. |
Activity monitoring with audit logs is present to detect suspicious activity. | |
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Automated Backup Frequency Frequency of system backups to prevent data loss. |
No information available | |
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Ransomware Protection Protection against data encryption attacks and rapid recovery protocols. |
Ransomware and backup/recovery protocols are referenced in security documentation. | |
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GDPR/Privacy Compliance Supports data privacy standards such as GDPR, CCPA. |
Support for GDPR and privacy compliance is noted in AXIS releases and privacy statements. | |
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Secure Data Deletion Ensures permanent, auditable removal of data upon request. |
Secure data deletion is enforced for regulatory compliance purposes in AXIS. |
Deployment and Scalability
(5 Yes /5 Known /10 Possible features)
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Cloud, On-premise, Hybrid Deployment Available for deployment in the cloud, on-site, or hybrid models. |
AXIS can be deployed in cloud, on-prem, or hybrid configurations. | |
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Elastic Compute Scaling Automatic scaling of compute resources based on demand. |
System supports elastic compute scaling in compatible environments. | |
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Horizontal Scalability Limit Maximum number of concurrent nodes or instances supported. |
No information available | |
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Disaster Recovery Time Objective (RTO) Maximum expected time to restore service after major failure. |
No information available | |
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Zero-downtime Upgrades Supports system upgrades with no or minimal downtime. |
Upgrades can be performed with zero or minimal downtime according to vendor. | |
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Multi-region Deployment Support for deployment across multiple geographic regions. |
AXIS supports multi-region deployments for global clients. | |
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API Throughput Sustained requests per second the API can process. |
No information available | |
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Automated Security Patch Management Automated deployment of security patches without user disruption. |
No information available | |
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Load Balancing Load automatically distributed to prevent overloads. |
AXIS supports integrated load balancing, as referenced in scalability whitepapers. | |
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Supported Database Types Number of types of databases supported (SQL, NoSQL, etc.) |
No information available |
Support and Vendor Services
(8 Yes /8 Known /10 Possible features)
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24/7 Technical Support Round-the-clock technical support via phone, chat, or ticketing. |
24/7 technical support is available by contract with GGY AXIS. | |
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Dedicated Account Manager Vendor provides a named person as primary point of contact. |
AXIS clients are assigned dedicated account managers. | |
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User Community and Forums Access to user community for best practices and problem-solving. |
User forums and support community are maintained for AXIS. | |
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Onsite Training Vendor-provided training at client location. |
Onsite training is offered as part of the AXIS onboarding process. | |
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Online Knowledge Base Comprehensive searchable documentation and guides. |
Online knowledge base is available for AXIS users. | |
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Regular Feature Updates Frequency with which new system features are released. |
No information available | |
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Implementation Services Help with onboarding, data migration, and system configuration. |
Implementation, migration, and configuration services provided by vendor. | |
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Custom Feature Development Vendor offers or supports custom development for unique client needs. |
Custom feature and enhancement development are offered for AXIS clients. | |
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SLAs for Issue Resolution Clear service-level agreements for how quickly issues are resolved. |
Service-level agreements for issue resolution are part of support contracts. | |
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Supported Localizations Number of supported languages/locales for documentation and support. |
No information available |
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