Insutec Core
One platform for claims, reserving, and compliance
Insutec Core is the automation platform South African insurers run their actuarial and regulatory function on. It calculates Solvency Capital and Minimum Capital Requirements under the SAM standard formula, models reinsurance and catastrophe exposure, automates GI reserving and claims, and produces audit-ready regulatory returns — all from one governed dataset.
Built to replace the spreadsheet sprawl
Most insurers run claims in one system, reserving in spreadsheets, and regulatory capital in a maze of linked workbooks, macros, and manual roll-forwards that only one person on the team really understands. Insutec Core replaces all of it: claims, GI reserving, actuarial and asset data, reinsurance and catastrophe modelling, and the full SAM standard formula capital calculation — Market Risk, Non-Life and Life Underwriting Risk, Operational Risk, Participations, and the Loss-Absorbing Capacity of Deferred Tax — run automatically from the same governed dataset, with IFRS 17, SCR, MCR, and SAM reporting generated straight from it.
Unified Data Model
Claims, policies, reserves, and regulatory filings share one governed dataset, instead of living in disconnected systems.
Modular by Design
Turn on claims automation, reserving, or regulatory reporting independently, and add the rest as you grow into them.
Built for South African Insurers
IFRS 17, SCR, SAM, and FSCA prudential requirements are built in from day one, not bolted on later.
Everything your actuarial and regulatory function runs on, automated
Insutec Core doesn't just centralise your data — it runs the calculations. From standard formula capital requirements to catastrophe modelling, reinsurance, reserving, and regulatory submission, the work an actuarial team does by hand across spreadsheets happens automatically, every time your underlying data changes.
Automated SCR & MCR Engine
The full SAM standard formula runs automatically across Market Risk, Non-Life and Life Underwriting Risk, Operational Risk, and Participations, aggregating through the prescribed correlation matrices into BSCR, SCR, and a combined MCR with the floor and cap logic applied for you.
Catastrophe & Reinsurance Modelling
Natural catastrophe, man-made, and non-proportional exposure are modelled and netted down automatically through your treaty and facultative reinsurance programme, including cell captive and third-party cell arrangements, so gross and net capital charges are always current.
Asset & Investment Data Automation
Bonds, equities, property, structured notes, collateralised securities, cash, mortgages, and derivatives feed automatically into Market and Concentration Risk, with participations, securities lending, and encumbered assets tracked alongside them, so nothing needs re-keying between your asset register and your capital model.
GI Reserving & Claims Automation
Chain Ladder, Bornhuetter-Ferguson, and other actuarial reserving methods run against live claims data, with IBNR and loss triangles refreshed automatically as claims develop, and premium and reserve risk flowing straight into your capital calculation.
Own Funds & Solvency Monitoring
Track your solvency ratio, Own Funds, and capital position continuously instead of rebuilding the bridge every quarter, with multi-currency reinsurance collateral, event limits, and available capacity monitored automatically.
Regulatory Returns, Audit Trail & Governance
Annual and quarterly regulatory returns are generated directly from your calculation engine, with a full audit trail from source data to final SCR and MCR, so every figure is traceable and every submission is audit-ready.
See Insutec Core in action
Get a walkthrough of the platform behind claims, reserving, and regulatory reporting.