Salt Software Download Popular Software

Salt Software Download Popular Software

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Dave has also been an adjunct instructor at Drake University and currently coaches actuaries on passing exams.

With more than 19 years experience, we offer consulting and custom software development.

A database used for trending is also created, providing both the chief actuary and valuation actuary insight into their financials, leading to more informed decisions.

Our process automates and performs the complicated calculations in a controlled and secure environment that is customized to your individual needs.

It also introduces read-only, processing, and administrative permissions along with safe multi-user access.

Several actuaries created back end spreadsheets that did not have controls and were not consistent.

As a result, staff training and turnover was difficult and time consuming.

Also, the valuation actuary struggled to become comfortable with each individuals spreadsheet process since they were all independent.

The solution provided the client with the accuracy, efficiency, and control required along with an intuitive user interface and a clear audit trail to satisfy current and future regulatory demands.

All staff members used the same process making it easier to transition staff.

Their current process involved running many macros and linked spreadsheets.

The fixed and variable spreadsheet processes were very different.

The solution provided the client with the sophisticated formula calculations to reproduce or improve upon their DAC calculation.

Input data was provided from modeling, accounting, and experience studies.

Different roles are assigned based upon administrative, readwrite, or read-only access.

We estimate that the processing time will be reduced to 13 or 12 of the previous processing time.

The fixed and variable formulas are now in sync and combined.

Staff transition has begun with new actuaries replacing the actuaries that were involved in the initial implementation.

The new platform provides a systematic and structured process for new staff to be trained.

Formulas for the commission calculation were parameters into the system.

Thus, as the commission schedule changed, the user could modify the parameters without requiring any programming change.

The client has not had a need to require Salt to modify the system since its installation in 2011.

In 1990, he became a member of the American Academy of Actuaries and in 1995, an FSA.

He started SALT Solutions in 1995 after working for several insurance companies in the Des Moines area.

Since then, Dave has specialized in actuarial consulting, using database technology to solve problems for clients.

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