Psicle

Psicle integrates seamlessly into other processes, including existing models and data stores in the business to reduce reliance on human intervention. Psicle is a suite of complex, composable algorithms Psicle provides data transforms (BODMAS, table functions), complex transforms (statistical algorithms, machine learning), and domain specific algor... ithms (reserving, Solvency II) in order to transform and model data across the whole process lifecycle, from extraction to results Psicle makes use of modern technology, parallelisation, and intelligent optimisation to speed up the run time of the process. The platform provides tight audit control, governance and reporting over model runs. What can Psicle® do for your business? Psicle® is a flexible, fit-for-purpose modelling environment with rich statistical, data management and audit functionality, providing a solution to the industrialisation of a wide variety of actuarial and financial modelling problems. Psicle has a suite of integration connectors to embed external systems, processes and models into an end-to-end modelling process. A key feature of Psicle... The time to produce our Technical Provisions has reduced to around 20 minutes and changes to data/assumptions can be made without needing to re-run the whole model. Data processing has been directly built into the model, saving time and reducing the possibility of human error. The ability to edit the model in-house has already lead to efficiencies and further development by the Actuarial Function is planned. Psicle gives us efficient, grown up processes that can be applied to a range of modelling and analytical challenges. Psicle provides greater management insights and enables us to soft close at quarter end with minimal human intervention. The entire model build and operation can be performed rapidly with limited training required. Head of Risk & Capital Management, Multinational Insurer When it comes to the reserving tools, there are many products on the market. The tricky part is to find a tool ...Read More