This is an illustrative scenario showing how the platform is designed to work.
Scheme pricing and reserving usually rely on data extracts that are months old by the time they're cleaned. When claims flow through an exchange, that data is available continuously.
What changes
- Experience studies — frequency and cost per package update as claims are settled.
- Reserving — development triangles are built automatically from claim and payment dates, so IBNR estimates can be refreshed monthly.
- Pricing scenarios — actuaries test medical inflation, utilisation and package changes and see the premium impact straight away.
Where judgement stays human
Qualified actuaries still choose methods, set assumptions and sign off results. The platform removes the data wrangling so their time goes into analysis.
Try the worked examples on our Actuarial page.
ActuarialPricingReserving