Dynamo Analytics' modelling platform, Psicle, has won InsuranceERM's reserving solution of the year award.

Psicle offers a range of deterministic and stochastic modelling approaches for general insurance and health reserving, with an interface to handle large and complex reserving processes.

It is also flexible enough for the modelling and reporting requirements for both small and large, simple and complex businesses.

The judges liked the way Dynamo Analytics has reshaped the modelling landscape for non-life insurers as its solution has the latest cloud technology, flexible data integration mechanisms and machine learning.

A spokesperson for Dynamo Analytics tells InsuranceERM that Psicle's sophisticated dashboards and interaction points give actuarial teams the ability to perform their reviews and impart their judgement in a highly targeted and effective manner.

This creates rapid results that are automated and can fundamentally transform how teams operate.

Recent developments at Dynamo Analytics include the imminent launch of Psicle Web, which will offer a fully managed-service web-based platform on both the client and server side.

Dynamo Analytics says Psicle Web will revolutionise how actuarial teams collaborate and share modelling and results around an organisation.

"This forms part of our vision to transform how our clients work with our large-scale modelling capabilities," says the spokesperson for Dynamo Analytics. Key benefits from the tool include web-based sharing of management information dashboards, and highly customised user journeys.

Dynamo Analytics also launched holistic end-to-end reserving templates in 2023, offering out-of-the-box automation for clients.