The Russian platform for stochastic modeling of economic and financial processes MathSync is a key tool in introducing a risk-based approach to the management of an insurance company, ensuring reliable financial planning and risk forecasting. Users of the MathSync platform include actuaries, underwriters, and employees of reinsurance and risk management departments.
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Tasks Solved Using MathSync
The MathSync platform is used in key business processes of the insurance company:
- Building internal models of company’s capital
- Determining the maximum own retentions for corporate types of insurance
- Analyzing outgoing reinsurance quotes
- Developing recommendations for optimizing the company’s reinsurance protection
- Pricing incoming obligatory reinsurance
The MathSync platform is a powerful and user-friendly modeling tool that helps experts solve complex and non-standard tasks. It is used by leading Russian insurance and reinsurance companies. It can be installed and integrated with the internal IT infrastructure.
For insurance companies focused on sustainable development but with a smaller scale of business, Syncretis provides access to the cloud version of the MathSync platform and offers modeling and actuarial consulting services.
We develop in accordance with the requirements of GOST R 56939-2016 «Information Security. Development of Secure Software». Any of the options for accessing the MathSync platform guarantees the safety of user data and the required level of information security.
Target Audience
- Insurance and reinsurance companies
- Insurance brokers
- Consulting companies
- Enterprises and corporations — large risk insurers
Advantages and Effectiveness
- Domestic solution. Registered in the Register of Russian Software
- Independence from foreign vendors
- Unique functionality for solving strategic tasks, including analysis of the company’s portfolio composition
- Integration with the client’s IT infrastructure
- User-friendly interface
- Deployment on the client’s infrastructure/in a cloud service
MathSync Features
- Automates the work of actuaries and underwriters
- Performs stochastic modeling of risks of various classes, including those across different time frames and currencies
- Calculates prices for different types of reinsurance contracts
- Evaluates current and calculates future capital needs, as well as allocation of capital across various business lines
- Helps to analyze the composition of a company’s portfolio