The time to produce our Technical Provisions has reduced to around 20 minutes and changes to data/assumptions can be made without needing to re-run the whole model. Data processing has been directly built into the model, saving time and reducing the possibility of human error. The ability to edit the model in-house has already lead to efficiencies and further development by the Actuarial Function is planned.

Reserving Actuary, Large Lloyd’s and London Market Insurer

Psicle gives us efficient, grown up processes that can be applied to a range of modelling and analytical challenges. Psicle provides greater management insights and enables us to soft close at quarter end with minimal human intervention. The entire model build and operation can be performed rapidly with limited training required.

Head of Risk & Capital Management, Multinational Insurer

When it comes to the reserving tools, there are many products on the market. The tricky part is to find a tool flexible enough to handle the changes in your company. Dynamo’s product Psicle was the only one able to provide the flexibility and changeability we need. Combined with the exceptional customer service and support delivered by Dynamo just when we need it, the tool brought a great value to our company. Dynamo helped us to automatise our reserving processes reducing the time and giving us possibility to focus on the interpretation of the results and actuarial judgement. We are looking forward to further collaboration and process optimisation where usage of Psicle grows with the company.

Reserving Actuary, Danish Mutual Insurance Company