Meet Ada, our
Artificial Digital Actuary
We are proud to announce the world's first Artificial Digital Actuary! Actuarial and AI combined.
Two Users
£1,000/mo
Starting From
Dashboard Customisation
Bespoke Your Ada
Chain Ladder & BF Actuarial Projection Methods
Key Assumptions Library
Calendar & Underwriting Year Modelling
Attritional, Large, Catastrophe Claims Segmentation
Data Drill Downs to Atomic Level Policy & Claims Data
Single Carrier
2MB Data Storage
Fast, Reliable Bordereaux Processing
Data Validation and Cleansing
Access to CoDE Team
Online Training Portal
Segmentation
Consulting Packages
Additional Users
Additional Data Packages
Multiple Carriers
Video Reports
Pricing Plan
Unlock limitless actuarial potential
Dashboard Customisation
Gain access to fully customisable dashboard outputs.
Data Storage
A maximum data upload of 2MB. Additional MB can be purchased as extra. Refer to our usage table to work out how much your MGA will require.
Segmentation
This includes IBNR (incurred but not recorded) down to policy level. Additionally this includes Data Segmentation. Acquire the ability to cut data into desired categories in order to aid your analysis.
If you refer a friend you will get...
1 month free!
What Ada will do for you and your MGA
Take your MGA to new heights
Watch a short video by
David Hughes, CEO of Mulberry Risk
Online access to your dashboard and reports, whenever and wherever you require them.
Gain the ability to fully customise your dashboards and reporting.
Add and remove, change graph types, time period and much more.
Output
Training
Easy, immediate access to all of your training materials.
Mulberry App Coming Soon...
Download our Mulberry app where you will be able to view and interact with all of our training videos, documents, podcasts and much, much more...
Client Portal
All of your files, training documents, reports, dashboards and online support are all in one easily accessible place, ready whenever you require them.
Login
Login through Mulberry’s Client Portal which is accessed through our website, www.mulberryrisk.com
Select your Category
Select your required category. Choose from ‘Training, Files, Output or Support.’
Data Upload
Need to send us any files? Upload them all in one convenient, designated area.
This data can then be used to create your output dashboards.
Have a question? Chat directly with the team online.
If Ada can’t answer your question you will be put through to one of our team members who will be able to assist you.
Online chat is open from 9.30am - 5.30pm.
Support
Ada, a world first
We are very proud and excited to announce the release of Ada. Our Artificial Digital Actuary. This is a huge accomplishment for Mulberry and something long-awaited in the insurance market.
Mulberry Risk are the first to see the potential of computing to advance actuarial and data analytics for MGAs, and to implement this. Ada is the world's first digital actuary, enabling you to access actuarial and data science modelling skills via our client portal, Mulberry Connect.
We use artificial intelligence to manage our data processes and deliver modelling insights. Ada allows us to scale and deliver extremely fast service to our clients at a cost our competitors cannot match.
We have named our Artificial Digital Actuary in honour of Ada Lovelace and thought it fitting to launch it on the anniversary of her birthday - 10th December 1815. Ada Lovelace was an English mathematician and was known for her work on the Analytical Engine (Charles Babbage's general-purpose computer). The machine had applications greater than just calculation, and she was the first to see this and published the first algorithm to be used by this type of machine.
She is often considered the first computer programmer.
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Data
Multi-source automated ingestion
Multi-format data ingestion: Excel, CSV, Text, JSON, XML, PDF
Data traceable back to original source; at a row level
High-speed, scalable data connection and modelling
No risk of data loss/erroneous manipulation
Multiple model variations can be run, saved and loaded concurrently
Modelling
With the use of AI the speed and efficiency of data collection and modelling is increased, enabling Mulberry to increase the frequency of reporting
Ultimately Mulberry will be able to monitor its risks in real time, giving it visibility over problems and opportunities as they emerge
ADA will be able to analyse portfolios to identify less profitable segments and make informed recommendations to improve overall performance
Impact
Benefits for the MGA
Ensure current capacity providers consider you a leading MGA, through performance, data and compliance
Keep and secure capacity ensuring your MGA maintains its resale value. Without capacity, an MGA is almost worthless
Get data and track record into a leading position, creating appetite within the market to write your capacity
Benefits for Insurers
Projection of ULRs and tracking against target
Regular ULR forecasts supported by frequent AvE realisations.
Near real time performance information
Ada aims to reduce both the delay and friction in managing MGA performance reports framework.
Confidence of underlying data
Ada will cleanse bordeaux data and the quality of data for actuarial modelling.
1
Underwriting Performance
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KPIs of current underwriting year
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RARC
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Loss ratio (Attr, Large, Cat)
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Freq/severity analysis
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Renewal retention
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New business win ratios
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Limits
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Excess
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Capacity deployed
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Targets set by portfolio business plan
Exposure Management
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Catastrophe modelling – versus Cat load
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Aggregations versus limits
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Realistic disaster scenarios across portfolio
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Large loss data
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ENIDs
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Targets set by portfolio business plan
2
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Reserve adequacy/redundancy
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Static claims
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Recoveries
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Cat claims
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Nil reserved claims
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Large claim updates (new, movements)
Claims Reporting
4
3
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Actual versus expected development
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Prior year ULRs
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Trends
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Held versus modelled best estimates
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Impact on current year bridging/onleveling
Reserving
(prior year) Perfomance
Capital Management
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Performance by binder
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Performance by carrier (across binders)
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Capacity risk rating
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Capacity deployed
5
Key Performance Areas
Why a Chameleon I hear you ask?
Chameleons have the largest magnification of any vertebrate. This gives you a 360-degree magnified view of your data and looks for risks in your business. Each eye of the Chameleon can pivot and focus independently characterised in Ada by observing different pieces of data simultaneously.
Chameleons can change colour to communicate, much like our visual representation of data.
Chameleons are also full of character. Just like us!
The Chameleon Who Came To The Market
