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The DecisionTools Suite

Make Decisions with Confidence

Complete Risk & Decision Analysis Toolkit for Microsoft Excel

See What’s New in @RISK Version 8


[Palisade’s DecisionTools Suite] has played a key role in increasing the quality of decision-making and helping project teams to think clearly, act decisively and feel confident.

Andrew Evans
Decision Analyst, Unilever

A key strategic tool for Thales, assisting us in our process of reaching informed business-critical decisions.

Adam Ogilvie-Smith
Senior Consultant, Thales Management Consultancy

Allows us to measure each eventuality and present it visually so that the benefits of each path are clear to everyone and an informed decision can be taken.

Alec Yeowell
Asset Management Engineer, Halcrow / CH2M HILL

PrecisionTree’s attraction is its capacity to value complex decisions which involve multiple steps.

Robert Hunt
Former Associate Director for Investment Analytics, Procter & Gamble

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.

Learn about Risk Analysis


Scottsdale Insurance Company

Using @RISK [part of the DecisionTools Suite] allows us to choose between competing opportunities.

Allan Smith
Financial Business Advisor, Scottsdale Insurance Company
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Overview

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:

  • @RISK for Monte Carlo simulation
  • PrecisionTree for decision trees
  • TopRank for “what if” sensitivity analysis
  • StatTools for statistical analysis & forecasting
  • NeuralTools for predictive neural networks
  • Evolver for sophisticated optimization
  • RISKOptimizer for Monte Carlo simulation & optimization

Learn about Monte Carlo Simulation

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.

Deloitte
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Post Danmark / PricewaterhouseCoopers
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Society of Actuaries / Casualty Actuary Society
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Scottsdale Insurance Company
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Product Resources

Explore examples and tutorials on how to make The DecisionTools Suite work best for you.

Intro to Risk & Decision Analysis with the Suite
Watch Webinar
Insurance Claims
Watch Video
Insurance Claims with Reinsurance Option
Download Model
Insurance Claims - Model with Compound Distribution
View
Palisade Brochure
View

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

@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

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

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

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

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

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

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

Additional Benefits

Subscription

Your software subscription has you fully covered.

  • Free upgrades when new software versions are released
  • Full access to Technical Support

Support

Technical Support is available to help with installation, operational problems, or errors.

  • Included with subscription
  • Phone, web, or email

Customizable

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