AktuarLife®, the risk-assessment and underwriting system of RISK-CONSULTING is a huge break-through. It uses a two-step calculation to predict future life and disability claims for each applicant with a previously unattainable accuracy.

In the first step, AktuarLife® pulls on the power of the RISK-CONSULTING Morbidity Database and executes the advanced mathematics necessary to turn the application data into an detailed profile of the risk of future serious illness.

In the second step, AktuarLife® translates the predicted profile of serious illness into future life and disability claims. In this step it uses additional company or state data and takes into account the exact coverage details of the insurance product.

For every applicant and for every plan, AktuarLife® generates an immediate decision which is:


 
  • correctly priced
  • consistent with the underwriting strategy
  • consistent with state regulations
  • explained and documented

AktuarLife® can support automated Tele-Underwriting, POS and Web applications through the interactive front-end CDE®.

 

 

   About AktuarLife®

 

   User-Friendly

 

   Editions

 


 

 

Download the AktuarLife-Brochure here (1,3 mb)


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The data-input masks of AktuarLife® are easy to understand and simple to use. In fact AktuarLife® is practically self-explanatory and new users are ready to go after just minutes of training.

The second mask is used to enter information such as occupation and sports, as well as smoking and drinking habits. Virtually no specialist knowledge is required to enter the medical conditions into AktuarLife®. The system knows several synonyms for common disorders and prompts the user to enter the correct diagnosis.

Virtually no specialist knowledge is required to enter the medical conditions into AktuarLife®. The system knows several synonyms for common disorders and prompts the user to enter the correct diagnosis.

AktuarLife® displays the results of the risk-assessment in two ways. Firstly it displays the underwriting decision and risk-loading. This is the most important information for the applicant.
In addition to this information, it displays detailed information on the risk level for each body organ or disease group for which a significantly increased risk is present (For example Spinal Column / Joint Disorders).
In the first column the affected body parts are displayed. In the second column the increase in the risk level for each part, due to the case history of the applicant is shown. In the third column the effect of the risk increase on the risk loading is displayed.

 


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AktuarLife® is available in several versions and is compatible with almost all common platforms.

 

 

PC-Edition Stand-Alone-Version for PCs and Notebooks
Users: Back-Office

   

 

 

Network-Edition for use in PC-Networks / Citrix-Technology
Users: Back-Office, Call-Center

   

 

 

Host-Edition for integration in mainframe systems
Users: Back-Office

   

 

 

POS-Edition with CDE® for Network or local installation (with or without interface to workflow)
Users: Call-Center, Producers

   

 

 

Internet-Edition with CDE® for use by producer or applicant
Users: Call-Center, Producers, Applicants


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