Posthuma Partners is a young and dynamic consultancy firm that combines advanced actuarial techniques with state-of-the-art software applications developed in-house.

Its aim is to assist non-life insurance managers to understand and manage their loss ratios, and to optimize risk assessment and capital allocation. Already well established in the Dutch market, Posthuma Partners is embarking on a path of internationalization.

Since its establishment in 1996 by Bouke Posthuma, Posthuma Partners has developed two powerful and unique software tools around which most of its consultancy revolves, i.e. Integral Financial Modelling® (IFM) for stochastic claims reserving and Claims Management Filter® (CMF) for the consistent management of claims handling processes. IFM determines the fair value of insurance provisions and the concomitant solvency requirements and CMF efficiently controls insurance loss repair costs. Both applications have been developed into software packages that can be integrated into the proprietary systems of insurance companies.

Innovative econometric and actuarial solutions for insurers

Optimizing the mix of risks and return on investment is the key objective of just about every manager or director in today's insurance world. Posthuma Partners can provide a major contribution to achieving such optimization.

Managing risk successfully in today's complex economic and social global environment requires more than standardized solutions. Something extra is needed that makes all the difference to your performance. We believe that our IFM model can make such a difference.

Apart from the risk issues, statistical analysis can also be a tool for major improvements in operating efficiency. Our CMF software and supporting consultancy services provide major economies in the claims handling process.

A strategic instrument

Intense competition and stringent regulations pose a challenge for every insurance company. Risk management has become a key strategic factor in this competitive world. Good risk management not only provides transparent insight into the real financial situation of a company in its own right, but is also the basis for fair value calculations in IFRS accounting and for the determination of solvency requirements. Good risk management is a key step towards the efficient allocation of capital. Our IFM software and supporting consultancy services provide a unique tool to tackle these issues.

INTEGRAL FINANCIAL MODELLING®

IFM forecasts future losses of current and expired portfolios by means of statistical modeling of loss triangles and case reserves.

Our software for short tail business IFM 3, has been successfully operated for quite a number of years, and for long tail business our software IFM 4 has been introduced operationally mid 2009.

With IFM, a portfolio is valued in such a way that the necessary information about the adequacy of the provision and solvency, in agreement with Solvency II and Regulatory Reporting, is easily obtained. Actuarial calculations in IFM, such as stochastic discounting, are straightforwardly produced because of its continuous analytical approach for loss ratio and payment patterns. IFM is an excellent tool for internal and external actuarial certification on annual or quarterly results.

Functionality IFM

Consultancy IFM

CLAIMS MANAGEMENT FILTER®

CMF is an indispensable tool for an efficient claims management process. On the basis of company-specific statistics, the filter automatically checks quotations for loss repairs for consistency with claims reports. It therefore prevents losses from errors and fraud, allows an efficient engagement of claim experts and selects and controls reliable repair shops.

Functionality CMF

Consultancy CMF

INVITATION TO TRY US OUT:

Posthuma Partners has built up a wide experience in implementing and customizing the above software solutions. We established a solid consultancy practice in The Netherlands, and given the universal applicability of IFM and CMF, we are now expanding our activities internationally. We would welcome an opportunity to introduce our models to your company and demonstrate their usefulness and efficiency.