Orbit

A market leader in the value market for actuarial software

Orbit is one of the easiest to use actuarial software packages and contains all the standard functionality required to perform traditional life insurance modelling of term assurance and critical illness products. Orbit is also one of the lowest cost and quickest to install packages, making it we believe the market leader in the value market for actuarial software.

The following diagrams illustrates choices in the actuarial software market

When to choose Orbit

- Protection pricing teams requiring a simple cost effective solution
- Actuarial consultants needing a tool to check the cashflows of more complicated systems
- Trainee actuaries and students wishing to learn about typical life insurance cashflows

When other systems may be more suitable

- When needing a more comprehensive set of functionality and wider range of supported products
- Valuation teams valuing policy data, as Orbit does not support seriatim data functionality
- U.S. regulatory rules are not supported. Orbit supports the gross premium reserve and unearned premium reserve reserving methods only.

For users wanting a full range product then we recommend the company "A" in the diagram above. We would be delighted to provide the name and contact details of this company upon request. The producers of Orbit do not recommend the products by companies "B","C","D" above, as these complex tools typically require a small number of employees of the insurance companies to perform the computer programming of the actuarial code. We feel it is easier, cheaper and safer to have external professional specialists develop the code, which is why we consider company "A" or Orbit to be the optimal approach.