Cloud Actuary (CA) is a smart quoting tool for index products. It enables the client managers to carry out sophisticated product structuring and pricing, which used to be done by well-trained underwriter or actuary, in a few minutes, without compromising the quality. CA features the following:

Structuring and quoting in no time: Utilising Tensorens big data on weather, price, yield and remote sensing, and thanks to the predictive costing technology and artificial intelligence, product structuring, quoting and selling can all be done within a couple of minutes or seconds.

Smart product recommendation: you have no experience in product development? Don’t worry. Just type in some basic information such as insurance time, location, coverage and desired premium rates, CA will recommend the right structure for you. If you want to make some changes, just open the recommended product in the self-service window and adjust the structure as you like. The system will then requote for you.

Effective collaboration among different functional teams: The actuary team can set up the costing methodology and loadings, the client managers can then define the structures and get the quotation based on the predefined costing method and loadings. In doing so it empowers the sales team and makes the selling more responsive and effective.

After five years continuous improvement, CA has evolved from quoting single peril structure to handling complex, multi-peril covers. Powered by our innovative algorithms, most index structures can now be handled by CA.