Lapse experience running above expected — Demo Life Book
Emerging lapses are 15% above expected with 87% credibility. The platform has projected the book-wide impact and proposed a revised assumption for your approval.
A preview of where PlatformA is heading — role-based intelligence over one engine.
Emerging lapses are 15% above expected with 87% credibility. The platform has projected the book-wide impact and proposed a revised assumption for your approval.
Lapse experience above expected on the Demo Life Book translates into a measurable hit to FY earnings and a small solvency drawdown — surfaced the day it emerges, not at quarter close.
Funeral claims frequency is +9% vs expected this month, concentrated in two regions. Severity is stable — so this reads as a frequency shift to watch, not a reserving break yet.
Three products are on sale on the Demo Life Book. Most quotes price straight through in minutes, and just over a third bind — R41.2m of new-business premium written this month, feeding the same engine the actuary values.
New business, lapses, premium collection and servicing all run on the platform. The in-force book is growing net of lapses, premium is collected on time, and 96% of service requests clear within SLA — the same movements the actuary sees as experience.
Continuous valuation and experience monitoring on your own book — variance caught the day it emerges, not two quarters late.
See it on your own book