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FINELY TUNED FOUNDATION: LEAPPS® (L&E Actuarial Pricing and Projection System) is our primary actuarial tool. We know it can make a tremendous difference for our clients because we depend on it ourselves on a full-time basis. The Windows-based system is designed to meet the demands of a changing financial services environment. It’s a cost effective solution with a wide array of capabilities ranging from pricing to cash flow testing to corporate modeling. Use LEAPPS to keep your competitive edge in providing Actuarial and Management information.
APPOINTED ACTUARY:
- LEAPPS® performs Cash Flow Testing requirements. Interest rate scenarios are easily defined and run within the same model setup. Output is readily useable as documentation for the Actuarial memorandum.
- LEAPPS® addresses Asset/Liability Management issues. Durational studies of liabilities are a natural extension of the cash flow test setup.
FINANCIAL ACTUARY:
- LEAPPS® projects Statutory earnings for a single plan, form, block of business or for the entire company.
- LEAPPS® models new business activity over any combination of time periods the user prefers. These models may be used to project surplus requirements, critical mass and earnings growth.
- LEAPPS® performs Gross Premium Valuations.
- LEAPPS® provides models needed to develop appraisal values for merger and acquisition activity.
ILLUSTRATION/PRODUCT ACTUARY:
LEAPPS® serves as a pricing system, providing key pricing data such as percentage of premium margins, rates of return and break-even years.
- LEAPPS® will price a wide range of products, including traditional life, fixed and flexible premium universal life, annuity products, accident and health insurance and credit insurance.
- LEAPPS® allows reinsurance to be modeled, either by product or on a stand alone basis.
- LEAPPS® generates output useable in Illustration Actuary reports.
SYSTEM STRUCTURE AND SUPPORT:
- LEAPPS® runs under Windows 9x/NT/2000/ME/ XP/Vista. The design enhances speed, memory and efficiency.
- LEAPPS® provides fast run times. This augments the performance of your staff and allows opportunities to consider "what if" scenarios without exceeding the time requirements for projects.
- Output information is compartmentalized so that you can focus on key information.
- Output information can be summarized in either text or spreadsheet format.
- L&E actuaries have used LEAPPS® for many years and under a wide variety of consulting assignments. LEAPPS® results have received favorable reviews in communications with rating agencies, state insurance departments and auditors.
- L&E is committed to the continuing enhancement of LEAPPS® as dictated by the ever-changing financial services market.
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