History
SALT Solutions first auditing tool was a spreadsheet in the late 1990's to validate
our client's reserves. The tool became formalized in 2003 when state regulators
requested a Windows based program (SAVE LIfe) to replace the popular DOS based GPCV
program. SAVE Life was useful but also resulted in challenges because IT departments
were required to install the software. In addition, version control became a challenge
as enhancements to the system made it difficult to keep everyone using the same
system. This resulted in a slower than desired process of updating the system to
meet growing customer needs.
As a result, Actuarial Auditor was created as a web tool to address these issues.
Actuarial Auditor only requires the user to have an internet connection. Both Internet
Explorer (6.0 and greater) and FireFox are supported. There will never be any need
for software installations or down loads.
You may view the release history of Actuarial Auditor.
Present
Currently, Actuarial Auditor supports all of the Traditional Life calculations that
SAVE Life supported. Like SAVE Life, the user may save their input into a database
to retrieve for later use. This securitized database is backed up on a daily basis
to preserve your data. UL reserve calculations will be the next major addition to
Actuarial Auditor. Separate license options will be available for the UL version
of Actuarial Auditor so that customers only need to purchase the license(s) that
meets their needs. See pricing for more details.
Actuarial Auditor supports Statutory and Tax accounting methods. The majority of
valuation methods and product designs (current and historic) are supported.
Future
In addition to preserving historical formulaic methods, the movement to the Principle
Based Approach will be supported as its need approaches. Contact
us if you would like to discuss your needs for meeting Principle Based Approaches.
Register today to ensure your valuation and nonforfeiture
calculations are consistent with industry standards