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.  It can be used for Solvency II, IFRS17, Product Pricing, 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) 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.
• AutoDoc-C: automatic documentation, with no user input necessary and dynamic viewer and auto-live 'parallel' spreadsheet with formulae to aid development.

Iris-D is a powerful data validation app which allows users to process large sets of extracts or model point files and produce detailed per-policy reports of any anomalies, data inconsistencies, unusual trends or invalid formats and values.

• Easy to use design-by-example rules.
• Uses Iris-AutoConfig to calibrate to the data found and provide a quick first cut of the validation rules.
• Clients have completed the set up of validation rules in as little as one day for a whole company.
• At largest deployment, Iris-D was processing thousands of model points from 14 countries, across two valuation periods.
• Can run at scale on modest hardware.

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–SQL is our powerful, SQL-style transformation utility, complementing Iris-X. It simplifies the usage of SQL-style expressions with the use of helpers. It provides a visual data flow representation of the queries, so users can easily understand even the most complex and nested of expressions.

• 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.
• The Query explorer allows users to see the data flow and click through transformations 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-Automation (nicknamed Iris-Macros), is our one-click run automation suite, which allows users to run end-to-end processes with different parameters and run-dates easily, making your processes re-usable, repeatable, including rich audit trails.

It executes re-usable Iris-DN (data nodes) or other apps.

• Simple and easy to use syntax
• Rich clickable audit trails. including a run-time profiler analysis.
• Set up and automate comprehensive processes and app interactions, including grid runs, executing standalone apps (X, SQL, C, DN) or other Iris-Macros.

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.