R is a language and environment for statistical computing and graphics. R provides a wide variety of statistical (linear and nonlinear modelling, classical statistical tests, time-series analysis, classification, clustering, etc.) and graphical techniques, and is highly extensible.

Leveraging from R’s strengths (GPV reserve runtime ONLY 3 minutes for 100k policies), we can use R programming for actuarial calculations :

• Pricing : assessing the potential risks and profit to determine the price
• Reserving : reserving practices and methodologies of the insurance products
• Embedded Value : present value of future profits plus adjusted net asset value
• IFRS17 : current measurement of future cash flows and recognition of profit
• Other Measurements : supporting calculation for actuarial

Main features of ACTUARIAL CODING GENERATOR:

• Open Source Coding automatically generated, refers to something actuaries able to less modify and share because its code is publicly accessible and mostly meet its product needs.
• Excel Spreadsheet Checker automatically generated, tools for checking actuarial figures against run result.
• Multiple Language Programming automatically generated, coding in multi-language programming, ie. R, VBA, C#, Python, C++, Java, etc.
• Web-based IDE manages actuarial variables and product criterias and how to interact with product specification to generate code and performs calculation.
• Statutory Reporting is performed by VBA application automatically as well as internal reporting.