Insurance Pricing Tools

Convert Excel-Based Insurance Rating, Scenario Modeling, and Pricing Spreadsheets Into Secure Web Apps

The insurance and financial services sector has developed a great reliance on spreadsheets for their ability to build complex actuarial and scenario modeling calculations which often require frequent updating. These spreadsheets are used for a huge range of specific needs, from securing pricing models to working with specialist add-on software..

However, as these spreadsheet tools possess a critical and proprietary function, great care is needed to protect their confidentiality as well as the integrity of their calculations. When these spreadsheets are shared, this can introduce the risk of exposing intellectual property to unauthorized users, as well as creating inefficiencies from latest version confusion. Furthermore, errors can be accidentally introduced and spread, which can result in disastrous rating and pricing calculations.

With EASA, this becomes a thing of the past. Our software ensures the complete protection of your critical IP, and the integrity of your calculations and data, and can be updated easily even if you are making changes to the underlying model. It also provides a low-cost mechanism to capture data to allow comprehensive data analytics and reporting when necessary.

Utilize Existing Complex Logic and Calculations

Deleted: EASA’s software uses your existing spreadsheets as the basis for its web apps, ensuring that the integrity of your custom calculations and formulas remain untouched. However, it removes the direct access to your spreadsheets, so that they can no longer be transferred, copied, edited or emailed by those using them. The spreadsheets instead become a back-end application while the user interacts with them via a front-end web portal, which can be customized to suit different types of users such as actuaries, underwriters or business analysts. This also means that all of your spreadsheet’s custom logic and formulas remain secure, without any risk of deletion or IP theft.

A Cost-Effective Solution with a Range of Benefits

Companies are often faced with the dilemma of discontinuing using their highly developed Excel-based tools and investing into commercial insurance management software or massive in-house development projects. However, both of these can be time-consuming, expensive, and disruptive to implement.

Fully Customizable

It solves the typical problems associated with deploying and sharing spreadsheets, substantially enhancing the user experience with highly customizable web apps that serve as the new user interface to your existing spreadsheets.

Low Code Environment

EASA Web apps require little or no programming, and all apps can be stored in the cloud to prevent incorrect versions being created and outdated copies sent to others, which saves you time as well as money.

Utilize Existing Spreadsheets

EASA offers you the option of continuing to use your existing spreadsheets with no need to rewrite or transfer the complex custom logic you have created.

VBA and Macros Remain Intact

Actuary pricing and rater spreadsheets typically involve extensive use of VBA and macros — in the use of statistical distributions, for example — which are unique to your organization. EASA is unique among Excel to web applications by fully supporting calculations performing VBA and macros, allowing for full functionality of your spreadsheets.

Request Demonstration

To see how EASA can help your business secure and upgrade Excel spreadsheets request a demo today!