Iris–C

Iris–C is a powerful actuarial projection software that uses modern tools and techniques to simplify system development and deployment and speed up production processes.  Iris is used for a variety of reporting bases, such as Solvency II, IFRS17 and more. Other uses include Product Pricing, Stochastic Projections, Liabilities, ALM, Experience Investigations, and more.  It can replace both existing systems and spreadsheets.

• Easy to use GUI.
• Clocked up to x50 times faster per core.
• Clients have built complex models (Funeral Plan, Credit Life, Variable Annuities) in 2 to 3 days, including data, assumptions, business planning, stresses, and documentation.
• Models typically require ~10% of the code
• Models are built using simple expressions; no need for specialised coding skills.
• Model anything from conventional, unit and investment-linked products all the way to Variable Annuities, RILAs and products with Dynamic Benefits involving cross-policy interactions.
• AutoDoc-C: automatic documentation, with no user input necessary and dynamic viewer and auto-live 'parallel' spreadsheet with formulae to aid development.
• Seamless integration with Iris-AID, the first ever AI developer assistant.

Iris–Cloud is our cloud management tool, which allows you to run Iris-C models in serverless elastic resources.

• Easy to use GUI.
• Reduce run times from hours to minutes.
• Auto-scale your resources to meet your calculation needs.
• Get visual drilldown of your resources, runs and costs, putting you in control.
• Execute the exact same runs with same data, assumptions and run-structures, allowing you to switch between Iris-Grid and Iris-Cloud
• Leverage from the technology, reliability and security backed by on of the major tech giants.

Iris–X is our powerful, low-code, extract transformation utility, which simplifies data transformations. The innovative "design-by-example" expressions help avoid nested code logic and verbose code. It can be used to convert extracts into model point files, or to prepare input tables for IFRS17 models or for experience investigations, and more.

• Simple and easy to use GUI
• Process very large extracts with modest hardware.
• Clients have built data transformation processes in as little as a 1 day.
• Dynamic viewers allow users to click through calculations with no debugging skills necessary.
• Automatic documentation, with no user input necessary.

Iris-DN (Data Nodes), is our low code process automation and sequencing utility. It enables users to define processes, including running and interacting other Iris sub-systems with each other or external programs (databases, programs written in R, Python, C#, VB.Net, NodeJS), set-off grid runs, automate spreadsheets and generate reports.

It can be used for reporting, IFRS17 disclosures and sub-ledger generation and more.

• Simple and easy to use syntax
• Allows users to set up and automate comprehensive processes and interactions.
• Drilldown viewer enables users to follow the process steps all the way from results to data and view inputs, configurations, outputs, metadata and analytics
• Users can jump to calculations and data transformation dynamic viewers from one place.
• Clients have used Iris-DN to cut down manual reporting tasks from weeks to as little as 5 minutes on the same hardware.

Iris -AID is the very first ever AI actuarial platform developer. It uses product specs as inputs and outputs Iris-C models.

This significantly reduces development times and the need for large teams as it automates away a big part of the modelling effort associated with traditional actuarial software approaches.

Iris-Cells is our upcoming app which takes free-style spreadsheets and converts them into programs/APIs.

This means you can remove spreadsheets from your processes and transform them to faster, more robust programs, and benefit from the wider Iris ecosystem.