Firm Cuts Insurers' Modeling Time Nearly 95 Percent With High-Performance Solutions

Overview

IHA Consultants, a small IT consultancy, helps healthcare and property/casualty insurers by providing Web-based stochastic solutions for advanced actuarial modeling. The company's Stochastic Actuarial Reserve and Trend Model solutions use Microsoft High-Performance Computing (HPC) technologies to develop financial reporting and forecasting models that are not possible using nonstochastic methods. With the solutions, insurance actuaries can get results in considerably less time than with previous systems. These actuaries also experience greater accuracy and reduced risk, which lead to increased profitability.