Milliman Inc. announced today a new version of Arius, its loss reserving system for P&C insurers.
The provider says the release is a comprehensive suite of deterministic and stochastic actuarial projection methods. By combining new diagnostic tools and dashboards with the system's modeling capabilities, Version 2.0 is designed to give actuaries the ability to derive central estimates of their unpaid claim liabilities as well as the potential variability in those estimates.
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