Health

PolySystems health software offers integrated financial reporting and modeling capabilities from a single platform.  Our robust structure to link assumptions to policies allows for any combination of benefits, claims, and premium patterns and periods. We actively follow potential changes to reserving rules and guidelines (e.g., 2012 GLTD and 2013 IDI) to keep our software compliant.

Broad Product Support

Broad Product Support

PolySystems health software supports all major health products, including:

  • Long term care (active and disabled lives)
  • Disability (active and disabled lives)
    • individual
    • group
  • Return of premium riders
  • Accident
  • Hospital indemnity
  • Medicare supplement
  • Specified illness
  • Group Term Life Waiver of Premium

Processing Highlights

Processing Highlights

Processing capabilities for our health software include:

  • First principles calculations for all supported health products
  • Reporting and analysis of historical data for Source of Earnings and experience measurement
  • Generational mortality tables
  • Attribution analysis to roll forward reserves
  • Sensitivity testing and other ad hoc runs
  • GAAP unlocking
  • Reinsurance
  • User insertion points to model custom, dynamic policyholder behavior such as lapses, etc.
  • Retrospective and prospective reserving
  • Various intermediate reserve methods
    • Daily
    • Monthly
    • Modal
  • Premium accrual calculations

Multiple Accounting Methodologies

Multiple Accounting Methodologies

PolySystems supports all major U.S. statutory, tax, and GAAP reserving methodologies, including:

  • the Zillmer Reserve Method
  • DAC
  • NDAC
  • VOBA
  • maintenance expenses
  • Purchase GAAP
  • GAAP Projections for FAS 60, FAS 97, and SOP 05-1

Available Modules

Available Modules

Additional modules can also be run with our Health software for a variety of actuarial needs.

  • Policy History Management

    Our Horizon software gathers, edits, manages, and prepares policy inventory data from admin systems or data warehouses.

    Source of Earnings

    Our powerful SOE tool analyzes how and why reserves change historically and prospectively.

  • Experience Studies

    Our Measure software automates and productionalizes experience studies using data and assumptions in valuation and projection setups for a variety of decrements, including mortality, lapses, incidence, termination, and claim payments.

Find your software solution today!