A game changing actuarial valuation system
Intelli-ACT is a next-generation end-to-end actuarial valuation system for defined benefit (DB) pension schemes and life insurers, developed by Procentia in partnership with Brightwell.
Combining Brightwell’s actuarial and pensions expertise with Procentia’s modern data and product engineering, Intelli-ACT produces granular liability cashflows in minutes, for every member and every tranche, dramatically improving the quality of information pension schemes and actuaries have access to.
Discover how Intelli-ACT delivers hyperfast valuations, exceptional data granularity and deeper scheme insight:
Don’t settle for legacy actuarial technology
Many actuarial valuation tools in use today were built for a very different era. They are often fragmented, slow to run and limited in the depth of data they can provide.
Intelli-ACT was created to address these gaps. Following an extensive evaluation of the actuarial software market, the system was designed from the ground up to overcome limitations in performance, speed and breadth of outputs, giving schemes and their advisers the insight they need to make better, faster decisions.
Hyperfast valuations at scale
At the heart of Intelli-ACT is an exceptionally powerful calculation engine.
Where traditional systems can take hours to produce complex actuarial valuations, Intelli-ACT can process millions of calculations in minutes, even for large and complex schemes.
For example it can, process 250,000 members with more than £30bn of liabilities into monthly cashflows for every tranche in every member’s benefits in just 30 minutes, with only a slight increase in run time when scenarios are included. The system can generate nearly a billion rows of cashflow data which analysts can easily access for validation, quality assurance, and reporting purposes.
Unmatched granularity and data quality
What truly differentiates Intelli-ACT is the quality and depth of data it produces. Daily valuation extracts are available as standard, with automated validation. This removes costly external data reviews and reduces operational risk by improving the timeliness of information to aid effective decision making.
Intelli-ACT has been designed to maximise in-system flexibility by reinventing certain inputs. Actuaries can now independently vary the effective date of member data, market data and cashflows to accurately model differences in data availability, without the need for out-of-system adjustments. At the click of a button, Intelli-ACT can use cost neutral factors for retirement options and produces accurate investment scenarios such as interest rate, inflation and mortality sensitivities.
Secure, modern technology
Intelli-ACT is built on secure, modern cloud infrastructure, enabling schemes to benefit from the latest advances in technology while maintaining high standards of data security, integrity and resilience. This modern architecture supports scalability, operational efficiency and cost-effectiveness, ensuring Intelli-ACT can evolve alongside schemes’ needs over time.
– Exceptional performance.
– Granular data.
– Better insight.
Intelli-ACT gives schemes and actuaries the tools they need to move beyond legacy valuation processes and gain a clearer, more timely view of their pension scheme’s financial health.
