Processes

What will AGI do for Perform liability and insurance reserve valuations?

The commencement of a scheduled financial close period or a regulatory filing cycle initiates the valuation process.

Trigger
The commencement of a scheduled financial close period or a regulatory filing cycle initiates the valuation process.
Outcome
Required liability and reserve amounts are calculated, approved by the chief actuary, and recorded in the financial system.

The work itself

Grounded Work Profile

Measured by

  • Reserve Adequacy RatioprocessProfile
  • Valuation Cycle TimeprocessProfile
  • IBNR VarianceprocessProfile
  • Audit Adjustment RateprocessProfile

Key steps

  • Extract historical claims, premium, and policy dataprocessProfile
  • Validate data integrity and reconcile with source systemsprocessProfile
  • Run actuarial models to project future liabilities and Incurred But Not Reported (IBNR) claimsprocessProfile
  • Evaluate medical cost trends and adjust actuarial assumptionsprocessProfile
  • Calculate required reserve balances and required adjustmentsprocessProfile
  • Review valuations with the chief actuary for formal sign-offprocessProfile
  • Post reserve entries to the general ledgerprocessProfile

How AGI delivers it

Four ways AGI delivers for Perform liability and insurance reserve valuations

  • Services-as-Software

    Get the professional outcome delivered as software, priced on results, not headcount.

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  • Autonomous Agents as digital employees

    Hire a digital employee that does the job under earned, supervised autonomy.

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  • Business-as-Code

    Encode how your work runs, once, as software that executes itself.

    Platform.do