With the help of the platform, it is possible to analyze loss data, model cash flows based on insurance contracts, and assess the probabilities of various financial scenarios based on the constructed models and distributions.
Transitioning to a domestic solution will ensure the continuity of critically important business processes, such as building an internal capital model, determining maximum retention amounts for corporate insurance types, optimizing reinsurance protection, and pricing financial products.
«The implementation of the platform creates new opportunities for our company. We believe that the use of this innovative technology will enable us to forecast risks more accurately, optimize our financial strategies, and enhance our financial planning. This is an important step in advancing our business and improving the quality of our customer service,» stated Vladislav Radchenko, Deputy Director of the Actuarial Calculations Department at Ingosstrakh.
«We began developing MathSync around three years ago, starting with the creation of our own mathematical library. We appreciate Ingosstrakh for becoming one of our users. Our goal is ambitious — we aim to create an industry solution that outperforms foreign tools in terms of functionality. This can only be achieved through close collaboration with leaders in the insurance market when addressing real business challenges,» commented Alan Tsagolti, CEO of Syncretis.