is a financial modelling system designed by actuaries and written in Microsoft’s powerful and productive .NET development environment.

Its primary role is to offer unrivalled flexibility in the financial modelling process and allow the end user to have full transparency of all model code, inputs, calculations and results. has an intuitive user interface and only requires the user to have basic skills in writing visual basic (VB) function code (similar to Excel VBA) so it is quick to learn and become productive.

Short time to efficiency
Users can learn how to effectively use the product and become productive in a short time.
Short time to productivity has features much closer to what users of Microsoft Excel VBA or Visual Studio .NET will be familiar with. Examples include the use of Visual Basic, the Visual Basic compiler, and the Windows debugger. This allows the user to become productive very quickly by leveraging their existing knowledge.
No legacy issues does not have the legacy issues of some competitor products which were originally developed 20 years ago and haven’t kept pace with new technology, new modelling techniques, or changes in the actuarial market during that period.
Modular Approach
A modular approach can be adopted in, breaking a problem down into models that can be run on a stand-alone basis, and also interact with other models. This is a fundamental advantage when dealing with complex modelling tasks.’s approach makes it straightforward to reuse models for a variety of different work. For example, when modelling cash flow, premium, commission, and expenses, all models can talk to each other dynamically or be run independently.
Easy compilation and debugging
Models compile almost instantly. Furthermore the user is presented with much more useful information related to any problems encountered, making it easier to identify and fix any such problems. Together these reduce development time dramatically.
Bespoke Solutions makes it very easy to build bespoke solutions which are easy to manage, and run more efficiently, because they don’t contain superfluous logic. This contrasts with competitors offering libraries of functions covering a number of eventualities most users never require.
Broad scope is suitable for a much wider range of problems, from spreadsheet type work to full blown valuation or ALM systems.
Flexible has the ability to write group projection code that tailors the runs to the user’s requirements. For example, Solvency II or ICA projections can be run with automated code.
Stable is stable. Users are often surprised that does not crash which is seen as a problem with other systems.
Faster runtime is an order of magnitude faster than Excel when running large numbers of records through VB code. As an example we converted a client’s Excel workbook into that was used to place a value on around 10,000 annuity contracts. Within Excel it took around 5-6 hours to run but in it took just 40 seconds!
Tracibility and easy analysis
The code you write in Excel cells is often hard to understand. With it is very easy to see directly what each function is referring to. makes it much easier to analyse dependencies between functions.
No corrupted formulae
Formulae in Excel are easily corrupted – they are not always copied down correctly so it is easy to overwrite one cell without that change flowing through to other relevant areas of the workbook. With you simply write the code for each constant or column function once.
Easy debugging
Debugging facilities in are better – you get helpful error messages. Whilst there is some debugging capability in Excel, it is not as extensive.
Clean interface
Ranges in Excel, e.g. when used as tables, are very hard to see. In you create named ranges but can easily ‘see through’ to the actual table, if needed.
Efficiency in output manipulation
Within Excel VB, you often have to write significant code in order to output results to the right section of the workbook. This in itself is very time-consuming, but is made even worse when all you want to do is add an extra row or column as you then have to go through the VB code in Excel and change the relevant index values accordingly. With, however, adding an extra column function is very easy to do and you are not troubled at all by the output issues that you have with Excel.
Takaful Modelling
With as a platform, Partners has developed the first actuarial software tailored specifically for Takaful business. has been used in the UK by a number of companies to deal with the increased computational complexities required by Solvency II. Drawing from this experience, and with the ever changing regulatory requirements happening in the Takaful industry, Partners has put together a model that can be used to perform an extensive range of actuarial work. The model’s functionalities include:

Statutory valuation and solvency calculation
Dynamic Solvency Testing (DST)
Financial Condition Reporting (FCR)
Risk Based Capital (RBC) Analysis
Incurred but Not Reported (IBNR) calculation
Embedded value calculation
Surplus sharing calculations
Product development / pricing/ profit testing
Business planning / projections
Investment Strategy

Why choose Partners Takaful Model?

Years of Experience in One Model

With its vast experience in the Takaful industry collated over decades in a number of countries, Partners’ intellectual capital on issues specific to Takaful has helped ensure the robustness of the model and that all vital issues in Takaful are taken into account.


The Takaful model has been developed to accommodate various Takaful operating models and product features.


Pricing innovative products becomes easier and the client’s management is now able to gauge different profitability levels coming from different plan designs, options and features using the model.

Consistent Going Forward

Since the model is able to do all work including pricing, profit testing, valuation, clients can be assured that the model would be able to keep up with the development of new innovative products and that calculations are done consistently using single software.
Add-in Support
Apart from the models built in, Partners has also developed tools using Microsoft Excel VBA to support work on models. This includes tools for the preparation of data to be fed into the models, the Data Checking Tools , the extraction of results to fill up regulatory forms or production of reports, profit and loss accounts as well as balance sheets for internal usage.

The idea behind the creation of these tools?

  • Business processes could be automated to help ease the reporting burden.
  • Minimize error in manual work processes.
  • Actuarial resources can be managed more efficiently as less time is allocated for manual work.
  • The Data Checking Tool can also be used on its own as a data management system to ensure data cleanliness, accuracy and completeness.
Training Support
Partners has a dedicated team of consultants who will be coding clients’ products into, maintaining the model to cater for changes in business model, regulatory or reporting requirements as well as providing trainings. Training is especially helpful at initial setup to help clients become comfortable with the user interface and the model codes. Training is also available throughout the licensing period if necessary.
Insurance Modelling
Partners has also developed actuarial models using the software to cater for conventional life insurance. Financial modelling is increasingly complex, not least driven by recent statutory requirements and companies’ own internal stress tests. Being developed fairly recently on the latest IT platform with no legacy issues, has its own advantages over other software in the market. Coupled with Partners’ extensive experience in insurance consulting, the actuarial model is set to be one of the best in the market.
Range of work
Although is used extensively in Europe by the likes of AEGON UK, Barnett Waddingham LLP, Fortis UK (Now Ageas Protect UK), GenRe and KPMG to name a few, it is fairly new and is just being introduced to insurers in this region. In the course of Partners’ consulting engagements, has been used for the following types of work:

  • Appraisal Valuation – Partners has used the model on an appraisal assignment for a conventional life insurer. The model was used to calculate reserves on a participating annuity product and projection of new business for one of the insurer’s main products under various sensitivity test assumptions.
  • Gross premium and bonus reserve valuation – This was done for an insurer outside of Malaysia. Aside from the valuation work proper, the project included solvency projection, sensitivity testing and IFRS 4 compliance related work.
  • Audit work – Partners has performed checks on a Malaysian life insurer’s GPV and RBC calculations and cash flow outputs produced by a competitor’s software.

With, a project’s lead time can be significantly shortened without the need to allocate additional resources to the project.

Add-in support
Apart from the models built in, Partners has also developed tools using Microsoft Excel VBA to support work on models. This includes tools for the preparation of data to be fed into the models, the Data Checking Tools , the extraction of results to fill up regulatory forms or production of reports, profit and loss accounts as well as balance sheets for internal usage.