Actuarial Valuation for General Insurance Business

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Runoff Triangle Generation

Generate runoff triangles super fast and efficiently

Stochastic Claim Reserving

Perform claim reserving using stochastic approaches

  • BootChainLadder
  • MackChainLadder
  • Generalized Linear Model

Deterministic Claim Reserving

Perform claim reserving using a deterministic algorithm

  • Basic ChainLadder
  • Bornhuetter-Ferguson (BF)
  • Expected Loss Ratio
  • Average Cost
  • Comparison of the methods
  • Sensitivity of IBNR reserves

Premium Valuation

Available sections:

  • Unearned Premiums Reserve
    • 365ths
    • Factor based
  • Earned Premium
  • Exposure calculations
    • Exposure
    • Member duration

Frequently Asked Questions

Genval is a comprehensive actuarial valuation engine designed for General Insurance. It provides robust solutions for Claim Reserving (Stochastic & Deterministic models), Premium Analysis (Unearned Premium Reserve (UPR) & Earned Premium), and the Premium Allocation Approach (PAA) under IFRS17.
Genval supports a comprehensive suite of Stochastic and Deterministic reserving methods:
  • Stochastic: BootChainLadder, MackChainLadder and Generalized Linear Model (GLM) — providing probability distributions of reserve estimates and enabling uncertainty quantification.
  • Deterministic: Basic ChainLadder, Bornhuetter-Ferguson (BF), Cape Cod, Expected Loss Ratio and Average Cost Method — offering a range of established industry approaches for point estimates.
Genval provides full triangle lifecycle management. Use "Make Triangles" to construct development triangles directly from raw claims data, "Select Triangle" to retrieve and work with previously saved triangles, and "Review Triangle" to inspect data quality, completeness and structural integrity before commencing any reserving analysis.
Genval's premium module supports Unearned Premium Reserve (UPR) calculations under both the "365ths" and "Factor Based" methods, Earned Premium derivation, and Exposure measures including Exposure and Member Duration — giving actuaries a complete view of the in-force portfolio.
Yes. Genval includes a dedicated Premium Allocation Approach (PAA) module designed to support measurement and reporting of short-duration insurance contracts in compliance with IFRS17, covering both the Liability for Remaining Coverage (LRC) and Liability for Incurred Claims (LIC).
Genval produces detailed output across all reserving and premium modules, including reserve estimates, IBNR projections, cash flow schedules and development factor summaries. All results are available as downloadable reports and can be combined with earned premium data for comprehensive portfolio-level analysis.
Genval requires claims data — either as raw transaction records for triangle construction or as pre-formatted runoff triangles — alongside premium data for UPR and exposure calculations. Data is ingested via CSV or Excel formats, with built-in validation to ensure consistency and accuracy before analysis.
Yes. The "Comparison of Methods" feature within the Deterministic Reserving module enables side-by-side evaluation of results across all supported algorithms, facilitating informed selection of the most appropriate reserving basis and supporting peer review and sign-off processes.
Genval is built with data security as a core principle. The platform incorporates encryption, role-based access controls and audit logging to safeguard sensitive actuarial and financial data, ensuring compliance with applicable data protection legislation and regulatory requirements.
Yes. Genval is designed with interoperability in mind and can be integrated into existing actuarial, finance and data workflows — enabling seamless data ingestion from source systems and export of results into downstream reporting and governance processes.
Yes. Genval can be tailored to meet specific business and organizational requirements, including custom reporting standards, bespoke product structures, unique triangle configurations and firm-specific actuarial assumptions — ensuring the platform adapts to your business rather than the other way around.
Our team is available to assist with onboarding, technical queries and platform configuration. For further information, please visit our documentation or reach our support team directly at insurance@actserv-africa.com .

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Dashboard

Select Triangles

Select Triangles

Recent Data
Upload Data
Data Preview

Review Triangle

Review Triangle
Combine Classes
Atleast two classes are required from the classification column

Claims

Common Parameters
Proceed to Stochastic Reserving Methods Proceed to Deterministic Methods

BootChainLadder

BootChainLadder

Parameters
Earned Premium

MackChainLadder

MackChainLadder

Parameters
Earned Premium

Generalized Linear Model

Generalized Linear Model

Parameters
Earned Premium

Basic ChainLadder

Basic ChainLadder
Cell-to-cell factors
Edit cell-to-cell factors
Averages
Manual Selected Averages
Earned Premium
Ultimate Loss Table - Selected Class

Bornhuetter-Ferguson

Bornhuetter-Ferguson (BF) Method
Averages
Manual Selected Averages
Averages
Manual Selected Averages
Loss Ratios Used
IBNR - Selected Class

Cape Cod

Cape Cod
Averages
Manual Selected Averages
IBNR - Selected Class

Expected Loss Ratio

Expected Loss Ratio
IBNR - Selected Class
Manually enter the loss ratios into the 'loss_ratio_assumption' column

Average Cost Method

Average Cost Method
Averages
Manual Selected Averages
Averages
Manual Selected Averages
IBNR - Selected Class

Comparison of the Methods

Comparison of Deterministic Methods
Only classes of business evaluated across all methods are included in the comparison

Data Upload

Premiums Data
Data Preview

Common Parameters

Common Parameters

Exposure

Exposure

Exposure

Parameters
to

Summary

Member Duration

Member Duration

Member Duration

Parameters
to

Summary

365ths

365ths

365ths

Parameters

Summary

Factor Based

Factor Based

Factor Based

Parameters

Summary

Earned Premium

Earned Premium

Earned Premium

Parameters
to
Summary

PAA Model

PAA Model

PAA Model

Input Data
Data Preview
Parameters

Admin Panel

Admin Panel

Admin Panel

Admin Panel

Admin Panel

Admin Panel

Users Management

Profile

Profile

Profile

Profile

Profile Details
Full Name
Email
Role
Access Level
Company
Account Status
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Reset Account Password

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FAQs

Frequently Asked Questions
Genval is a comprehensive actuarial valuation engine designed for General Insurance. It provides robust solutions for Claim Reserving (Stochastic & Deterministic models), Premium Analysis (Unearned Premium Reserve (UPR) & Earned Premium), and the Premium Allocation Approach (PAA) under IFRS17.
Genval supports a comprehensive suite of Stochastic and Deterministic reserving methods:
  • Stochastic: BootChainLadder, MackChainLadder and Generalized Linear Model (GLM) — providing probability distributions of reserve estimates and enabling uncertainty quantification.
  • Deterministic: Basic ChainLadder, Bornhuetter-Ferguson (BF), Cape Cod, Expected Loss Ratio and Average Cost Method — offering a range of established industry approaches for point estimates.
Genval provides full triangle lifecycle management. Use "Make Triangles" to construct development triangles directly from raw claims data, "Select Triangle" to retrieve and work with previously saved triangles, and "Review Triangle" to inspect data quality, completeness and structural integrity before commencing any reserving analysis.
Genval's premium module supports Unearned Premium Reserve (UPR) calculations under both the "365ths" and "Factor Based" methods, Earned Premium derivation, and Exposure measures including Exposure and Member Duration — giving actuaries a complete view of the in-force portfolio.
Yes. Genval includes a dedicated Premium Allocation Approach (PAA) module designed to support measurement and reporting of short-duration insurance contracts in compliance with IFRS17, covering both the Liability for Remaining Coverage (LRC) and Liability for Incurred Claims (LIC).
Genval produces detailed output across all reserving and premium modules, including reserve estimates, IBNR projections, cash flow schedules and development factor summaries. All results are available as downloadable reports and can be combined with earned premium data for comprehensive portfolio-level analysis.
Genval requires claims data — either as raw transaction records for triangle construction or as pre-formatted runoff triangles — alongside premium data for UPR and exposure calculations. Data is ingested via CSV or Excel formats, with built-in validation to ensure consistency and accuracy before analysis.
Yes. The "Comparison of Methods" feature within the Deterministic Reserving module enables side-by-side evaluation of results across all supported algorithms, facilitating informed selection of the most appropriate reserving basis and supporting peer review and sign-off processes.
Genval is built with data security as a core principle. The platform incorporates encryption, role-based access controls and audit logging to safeguard sensitive actuarial and financial data, ensuring compliance with applicable data protection legislation and regulatory requirements.
Yes. Genval is designed with interoperability in mind and can be integrated into existing actuarial, finance and data workflows — enabling seamless data ingestion from source systems and export of results into downstream reporting and governance processes.
Yes. Genval can be tailored to meet specific business and organizational requirements, including custom reporting standards, bespoke product structures, unique triangle configurations and firm-specific actuarial assumptions — ensuring the platform adapts to your business rather than the other way around.
Our team is available to assist with onboarding, technical queries and platform configuration. For further information, please visit our documentation or reach our support team directly at insurance@actserv-africa.com .