Tabei launches cloud-based actuarial modelling software

The model will support actuarial teams with pricing, valuations and capital calculations for long-term insurance products, including protection. As a cloud-based model, t+1 will enable companies to speed up launch times for new products, Tabei managing director Katie Crook-Davies told COVER, and it will enable insurers and reinsurers to reprice their current products quicker. "As actuarial models normally run locally on someone's computer, the speed of that process is determined by the system of somebody's personal computer," she said. As t+1 is running on a browser, the speed of t...