Financial library
Focus of our activities is on the implementation of a financial library as part of a cash flow projection tool which we have developed as joint work together
with novaCapta Software & Consulting GmbH .
This financial library represents the actuarial core of our projection model. It comprises all basic formulae, variables and methods to display a complete life office model.
Besides liabilities both assets and management rules are implemented in the library. Moreover, interfaces for input data and output of results are included.
The library has a modular setup so that some of the calculations may be done by customers' upstream systems and their results then may be incorporated in the tools' calculation cycle.
The mapping of insurance tariffs is done by means of so called products. These are generated by a wizard program and can individually be customized.
Given the needed assumption input, the tool creates the 2nd order liability cash flows of the insurance company, taking into account the performance and allocation of assets and the mutual effects of both sides on the balance sheet.
The tool can handle both deterministic and stochastic calculation runs.