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Statistical Analysis Software for Actuarial Services

Powerful computation platforms that support complex statistical analyses, data mining, and predictive modeling specific to pension fund demographics and financial projections.
Other Actuarial Services

MG-ALFA
By: Milliman
https://www.milliman.com/en/products/mg-alfa
A financial modeling system for actuarial projections, offering stochastic and deterministic modeling, asset-liability management, pricing, hedging, and statutory/GAAP valuations. Includes cloud computing capabilities for high-performance computing.

BenefitWallet
By: Conduent
https://www.conduent.com/solution/human-capital-solutions/retirement-solutions/
An enterprise pension administration system offering investment tracking, treasury operations, benefit calculations, payment processing, regulatory compliance, and member self-service. Includes cash flow forecasting and liability management tools for corporate treasury departments.

ProVal
By: Actuarial Systems Corporation (ASC)
https://www.actsys.com/proval/
An actuarial valuation software specifically designed for defined benefit plans. It includes plan administration, compliance testing, funding calculations, accounting valuations, and forecasting capabilities.

iWorks Prophet
By: Sungard Availability Services
https://www.sungardas.com/en-us/services/enterprise-solutions/
An actuarial modeling solution that supports all aspects of actuarial work in pension funds, including valuation, pricing, reserving, risk management, and capital modeling with extensive reporting capabilities.

Provalent Actuarial Analytics
By: Provalent Health
https://www.provalenthealth.com/products/actuarial-analytics
Designed for pension and healthcare actuaries, this software provides robust statistical modeling, reporting, and predictive analytics capabilities.

RStudio Professional
By: RStudio
https://www.rstudio.com/products/rstudio/desktop/
An integrated development environment for R that enables users to write, debug, and execute R scripts efficiently with tools designed for statistical modeling and analysis.

IBM SPSS Statistics
By: IBM
https://www.ibm.com/analytics/spss-statistics-software
A powerful statistical analysis software with a wide range of advanced analytics, multivariate analysis, and predictive analytics capabilities ideal for actuarial tasks.

Mathematica
By: Wolfram Research
https://www.wolfram.com/mathematica/
Statistical analysis, symbolic computation, advanced mathematical modeling, actuarial science toolkits, and interactive visualization — all of which support pension fund projections and actuarial analytics.

FIS Prophet
By: FIS Global
https://www.fisglobal.com/en/solutions/insurance/platforms-and-products/prophet
Actuarial modeling platform with advanced statistical and simulation capabilities for pensions, insurance, and risk management. Enables cash flow projections, solvency, and scenario analysis.

Alteryx Designer
By: Alteryx
https://www.alteryx.com/products/designer
A self-service data analytics tool that enables users to perform statistical analyses, integrate data sources, and automate complex processes in pension fund management.