Build, run and govern actuarial models on one platform.

Empower your actuarial teams with high-performance modeling in a collaborative environment. Actura transforms time-dependent, multi-decade projections by pairing intuitive, human-readable formula logic with massive compute power.

The Actura editor showing the Q_RATIO_PB variable: its formula, its dependencies and dependents, and projected values by month.

From first formula to full production run.

Build a model from scratch, or import one of our base models for conventional, unit-linked, term assurance or annuity business and adapt it. Then give it data, choose what it reports and run it, all in the same workspace.

Model
SA Term Life/Decrements/NO_LAPSES
```
IF t = 0 OR DURATION_M > TERM_M THEN
    0
ELSEIF PAID_UP_IND = 1 THEN
    NO_POLS_IF(t-1) * MONTHLY_RATE(PU_LAPSE_ANN)
ELSE
    (NO_POLS_IF(t-1) - NO_DEATHS)
      * MONTHLY_RATE(
          LOOKUP_GENERIC_TABLE("LAPSE_RATES",
            DURATION_Y, SA_BAND, UW_CLASS)
          * LAPSE_MULT
        )
      * (1 - PREM_HOLIDAY_IND)
ENDIF
```
Start from a base model
- Conventional
- Unit-linked
- Term assurance
- Annuities
Write the model, or start from ours.

Express the actuarial logic as formulas, one per variable, or import a base model for conventional, unit-linked, term assurance or annuity business and adapt it.
Data

MODEL_POINTS.csv 12,480 rows

PRODUCT_PARAMETERS.csv 36 rows

MORTALITY.parquet 2,142 rows

LAPSE_RATES.csv

LOOKUP_GENERIC_TABLE("MORTALITY", AGE, SEX)

Upload the tables your formulas read.

Model points, parameter files and any assumption table, in CSV or Parquet. Formulas refer to them by name.
Outputs
PROFIT_SIGNATURE Level term

Year

PremiumsPREM_INC

ClaimsCLAIMS_OUT

ProfitPROFIT

1

1,248.6

412.3

186.4

2

1,197.2

438.9

171.8

3

1,142.5

461.0

158.2

4

1,086.9

479.4

143.7

5

1,031.4

492.6

130.1
PRO
- PROFITProfit
- PROFIT_PRE_TAXProfit
- PROB_CLAIMDecrements
Map variables to output tables.

Choose which variables each table reports, and for which products. No export scripts to maintain.
Run

Policy 1, month 0 1.000

Test on one policy. Run production on all of them.

A test run projects a single policy so you can check the logic. A production run projects every model point, in parallel.

An actuary reviewing a model's change history at her desk.

Work on the same model together, with every change on record.

Invite your team into a shared workspace with clear roles: owners, editors, reviewers and viewers. Reviewers can duplicate a model to test their own changes without touching the original. Every edit to a formula is logged with its author, time and before-and-after values, and every run keeps a snapshot of the exact model version it used.

Compare versions, restore an earlier formula and reproduce any past result, without anyone keeping a change log by hand.

Model complex logic with compute modules.

Compute modules extend Actura's formula language with custom logic written in Python, R, C++ or JavaScript. Bring in the languages your team already uses for the calculations a formula can't express neatly, such as optimisations, stochastic scenarios or external algorithms.

Each module becomes a function your formulas call like any other, so the rest of the model stays readable.

dynamic_lapse.pyCompute module

Called from a formula

LAPSE_RATE DYNAMIC_LAPSE(BASE_LAPSE, MARKET_RATE(t), CREDITED_RATE(t))

Built for the work actuarial teams do every day.

Available online, or within your own environment.

Hosted service

Dedicated installation

An isolated installation for a single organisation, on infrastructure you control.

Secure by design

Data encrypted in transit and at rest, strict isolation between organisations, role-based access and a full audit trail.

See your next model clearly.

Create your organisation, load the demo model and run your first projection in minutes.