Dashboard
Select Triangles
Select Triangles
Recent Data
Upload Data
Data Preview
Review Triangle
Review Triangle
Combine Classes
Atleast two classes are required from the classification column
Claims
Common Parameters
BootChainLadder
BootChainLadder
Parameters
Earned Premium
MackChainLadder
MackChainLadder
Parameters
Earned Premium
Generalized Linear Model
Generalized Linear Model
Parameters
Earned Premium
Basic ChainLadder
Basic ChainLadder
Cell-to-cell factors
Edit cell-to-cell factors
Averages
Manual Selected Averages
Earned Premium
Ultimate Loss Table - Selected Class
Bornhuetter-Ferguson
Bornhuetter-Ferguson (BF) Method
Averages
Manual Selected Averages
Averages
Manual Selected Averages
Loss Ratios Used
IBNR - Selected Class
Cape Cod
Cape Cod
Averages
Manual Selected Averages
IBNR - Selected Class
Expected Loss Ratio
Expected Loss Ratio
IBNR - Selected Class
Manually enter the loss ratios into the 'loss_ratio_assumption' column
Average Cost Method
Average Cost Method
Averages
Manual Selected Averages
Averages
Manual Selected Averages
IBNR - Selected Class
Comparison of the Methods
Comparison of Deterministic Methods
Only classes of business evaluated across all methods are included in the comparison
Data Upload
Premiums Data
Common Parameters
Common Parameters
Exposure
Exposure
Exposure
Parameters
Member Duration
Member Duration
Member Duration
Parameters
365ths
365ths
365ths
Parameters
Factor Based
Factor Based
Factor Based
Parameters
Earned Premium
Earned Premium
Earned Premium
Parameters
PAA Model
PAA Model
PAA Model
Input Data
Data Preview
Parameters
Admin Panel
Admin Panel
Admin Panel
Admin Panel
Admin Panel
Admin Panel
Users Management
Profile
Profile
Profile
Profile Details
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Email
Role
Access Level
Company
Account Status
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FAQs
Frequently Asked Questions
Genval is a comprehensive actuarial valuation tool designed for General Insurance. It provides robust solutions for Claim Reserving (Stochastic & Deterministic models), Premium Analysis (UPR, Earned Premium) and the Premium Allocation Approach (PAA) under IFRS 17.
Genval supports both Stochastic and Deterministic methods:
- Stochastic: BootChainLadder, MackChainLadder and Generalized Linear Model (GLM).
- Deterministic: Basic ChainLadder, Bornhuetter-Ferguson, Cape Cod, Expected Loss Ratio, and Average Cost Method.
You can create new triangles from raw data using "Make Triangles", select existing ones with "Select Triangle" and review them in detail using the "Review Triangle" feature.
The engine handles Unearned Premium Reserve (UPR) calculations using both "365ths" and "Factor Based" methods. It also calculates Earned Premium and provides Exposure measures (Exposure, Member Duration).
Yes, Genval includes a dedicated Premium Allocation Approach (PAA) model to assist with short-duration contract measurement and reporting.
Genval generates detailed tables and downloadable reports for all stochastic and deterministic projections, including reserve estimates, IBNR and cash flow projections. Results can often be merged with earned premium for comprehensive analysis.
Genval generally requires claims data for triangle generation or existing runoff triangles, along with premium data for UPR and exposure calculations. Data is typically uploaded in CSV or Excel formats.
Yes, under Deterministic Methods, there is a "Comparison of the Methods" feature that allows you to side-by-side analyze results from different algorithms.
The engine incorporates robust security measures to protect sensitive data and ensure compliance with relevant data protection regulations.
Yes, Genval is designed to be flexible and can integrate with existing data workflows to streamline the input and reporting process.
Yes, Genval can be customized to accommodate specific business requirements, reporting standards and unique product structures.
Yes, authorized users can access the Admin Panel for system configuration and user management.
For more information, please visit our
website
or contact our team at
info@actserv-africa.com