DecisionTools Suite for Insurance & Reinsurance
Insurers, reinsurers, private firms and government agencies use the DecisionTools Suite for comprehensive approaches to forecasting and evaluating premiums, and obtaining optimal accuracy in capital reserve estimations. The Suite also allows for making best-informed decisions on which parties to insure.
The DecisionTools Suite is an integrated set of programs for risk analysis and decision making under uncertainty. DecisionTools Suite software integrates seamlessly with Microsoft Excel, and includes:
How The DecisionTools Suite Is Used
The DecisionTools Suite enables endless applications, including these in Insurance & Reinsurance:
- Loss Reserves Estimation
- Premium Pricing
- Claims Forecasting
- Multi-level Coverage Strategy
Customer Success Stories
Learn how The DecisionTools Suite has helped decision makers in Insurance & Reinsurance to improve risk and decision analysis efforts.
Explore examples and tutorials on how to make The DecisionTools Suite work best for you.
Greater Than the Sum of its Parts
Learn More About Each Product in the Suite
Each component of the DecisionTools Suite performs powerful analyses.
When you combine products, you can achieve more complete results than any single program can provide.
Select a product to get more information.
@RISK performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your Microsoft Excel spreadsheet—and how likely they are to occur. This means you can judge which risks to take and which ones to avoid.More About @RISK
PrecisionTree performs decision analysis in Microsoft Excel using decision trees and influence diagrams. Decision trees let you visually map out complex decisions in a sequential, organized manner. This helps you identify all possible alternatives and choose the best option.More About PrecisionTree
TopRank performs automated “what if” sensitivity analysis on Microsoft Excel spreadsheets. Define any output or “bottom line” cell or cells, and TopRank will automatically find and vary all input cells which affect your output. This allows you to identify and rank all input factors which affect your bottom line.More About TopRank
StatTools performs forecasting and statistical analysis in Microsoft Excel. It replaces Excel’s built-in statistics functions with its own, more robust and accurate functions. StatTools covers the most common statistical analyses, and even allows you to build your own custom statistical procedures.More About StatTools
NeuralTools performs predictions in Microsoft Excel using sophisticated neural networks. NeuralTools imitates brain functions to “learn” patterns in your known data, using those patterns to make predictions from new, incomplete data. NeuralTools can automatically update predictions live when input data changes, saving time and enabling more robust analyses.More About NeuralTools
Evolver performs optimization in Microsoft Excel using genetic algorithms, linear programming, or the OptQuest solving methods. It finds the best solution to linear problems large and small, and gives the best overall global solution to nonlinear, complex problems where other solvers fail. Evolver constantly tries new, different solutions to arrive at the best answer possible.More About Evolver
RISKOptimizer uses genetic algorithms or OptQuest methods, along with Monte Carlo simulation, to solve optimization problems. Take any optimization problem and replace uncertain values with @RISK functions that represent ranges of possible values. RISKOptimizer tries different combinations of adjustable cells to achieve the goal you define, while running Monte Carlo simulations on each trial solution to account for inherent uncertainty. The result is the most robust, accurate solution possible.More About RISKOptimizer
Your software subscription has you fully covered.
- Free upgrades when new software versions are released
- Full access to Technical Support
Technical Support is available to help with installation, operational problems, or errors.
- Included with subscription
- Phone, web, or email
Leverage the power of The DecisionTools Suite in your own custom application with Palisade Custom Development.
- Engage Palisade to design your solution
- Standardize your analyses and reduce learning curves