Design predictive or data modeling tools for insurance claims, instantly analyze data from Wolfram|Alpha and your spreadsheets, and present fully interactive charts and reports—a complete workflow.
Underlying the Mathematica actuarial sciences solution is the integration of statistical and financial computations into a single system, along with syntax-free commands and web or local deployment.
Using instant built-in or imported data to create interactive charts
Survival and hazard rate curves showing probability of survival until a future age and conditional probability of death
Working with symbolic and numeric statistics for large-scale data analysis
Fit data to an analysis of covariance model, extract the ANOVA table, and visualize the level curves for the four groups
Performing powerful symbolic and numeric calculus computations
An interactive tool for calculating the probable maximum loss for various distributions and parameters, using numerical integration
Symbolic and numeric superfunctions automatically compute the probability of any event and the expectation of any expression for any univariate or multivariate distribution, allowing quick calculations for many problems
Compare Mathematica to your current tools. Do they have these advantages?
Gain accuracy and reliability for your premium and payout calculations by performing symbolic computations, not just numeric ones Competitor note: Excel and statistical packages have built-in routines that only handle numeric calculations
"With other languages I think we would spend weeks on simply the production of the graphics or the computation of the differential equations or the drawing of random distributions, and Mathematica is a seamless environment in which we can put this all together in a reasonable time."
—Seth Chandler
Professor of Law, University of Houston Law Center
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