LEAPPS® (L&E Actuarial Pricing and Projection System) has been an invaluable actuarial tool for many years. It has made a tremendous difference for our clients in the pricing and projection of insurance business. Recently, we have begun using GGY's AXIS as our primary tool, however, LEAPPS® continues to be used and maintained. It is a cost effective solution with a wide array of capabilities ranging from cash flow testing to corporate modeling.
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 will continue to maintain LEAPPS®, but future enhancements will be limited.
| 
