RemitRix Revenue and Competitors

Insurance companies are challenged by rigorous regulation and out of date technology that serves its implementation. This effects the companies profit due to extensive manual / linear models used. At RemitRix, we help Actuaries, CFOs and Risk Managers at insurance companies to manage and predict capital and risk capital and to optimize balance sheet by utilizing advanced Machine Learning models. Our SaaS platform to manage risk and capital: 1. Modular solution - Agile implementation of Solvency II and IFRS17 2. Holistic platform - Different departments/modules using an embedded DB, quick delivery, ZERO integration 3. Automation - By machine learning to improve accuracy and optimize actuarial models WHO CAN USE IT - Risk managers - Actuaries - CFOs - Investment and portfolio managers SYSTEM ATTRIBUTES Flexible Input System - Assets - Liabilities - Market Data Risk Management - ESG - Economic Scenarios Engine - ALM - Assets Liabilities Management - VaR - Value at Risk - Optimisation and efficient frontier Solvency Capital Requirements - Actuarial Machine Learning Models - SCR engine - Standard Model - SCR engine - Internal Models - ESG What if Scenarios Engine - Optimisation (EBS) - QRT reports - SFCR reports - EBS (Economic Balance Sheet) IFRS17 - Grouping of contracts - Identification of onerous contracts - BBA, PPA and VFA models - Risk Adjustments (COC, VAR, and CTE) - Discounting (Top-Down and Bottom-Up) - CSM allocation