Introduction to Numex Numerica ' s cloud - based actuarial portal - PowerPoint PPT Presentation

Jan 31, 2023 •649 likes •686 views

Introduction to Numex Numerica ' s cloud - based actuarial portal NUMERICA GROUP Bangalore | Delhi | London https :// numericaconsulting . com Actuarial Services T : + 91 80 67590708 What is the problem we are trying to solve? Large corporate

Introduction to Numex Numerica ' s cloud - based actuarial portal NUMERICA GROUP Bangalore | Delhi | London https :// numericaconsulting . com Actuarial Services T : + 91 80 67590708
What is the problem we are trying to solve? Large corporate groups have long struggled with actuarial reporting ; for example: Can the expense of employee benefit schemes be predicted? How can the benefit cost be measured for interim reporting purposes? How to attribute the costs of benefit schemes to various cost - centres or other attributes? Can corporate groups get a bird ’ s eye view of the benefit schemes of all the group companies Need to understand the real drivers the actuarial gains and losses , or re - measurements How can the turnaround time be reduced? How can the time spent by the company personnel during year - end reporting be minimised? How to share the data securely and ensure that it stays safe? Actuarial Services
What is our solution? NUMEX Conceptualised in 2015, and built over two years by IT specialists and actuaries Fully cloud - based ; offering computational power and immense flexibility to clients What is it? Separate online account for each authorised personnel of your company Includes separate accounts for the auditors for direct interaction with Numerica A repository of all current and past reports A repository of all your data submissions, current and past Control your data and assign specific access permissions to individuals Advanced analytics reports: Drill - down reports - to bring out the real drivers of actuarial gain and loss, or re - measurements Segment reports - split of complete accounting disclosures by cost - centre or business unit Group reports - providing enterprise - wide views of accounting disclosures across all plans and group companies Forecasting reports - providing a projection of employee benefit costs for future interim reporting purposes. Actuarial Services

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