QVI-Auditor™

QVI-Auditor™ is Unique in Insurance Auditing.

• Only system that is truly integrated
• Only system available that supplies sophisticated First-Principles audit trails for all Stat, Tax and GAAP Reserves for all types of Insurance Products
• Only system available that specializes in the Auditing of 3rd Party Reserves and is designed to qualify as a major component in a company’s plan to comply with Sarbanes-Oxley (SOX)
• No IS involvement is required

QVI-Auditor™ DB Features

1. ORACLE™-based
2. Free ORACLE™ run-time version (Express Edition)
3. Single- and Multi-User versions available
4. Client-Server Architecture supported
5. Sophisticated Security
6. Manually define Plans and Policies and calculate & perform ad-hoc audits of reserves without any IS involvement (MICRO)
7. Process and audit a large number of plans and policies (MACRO)

Tools available to the Auditor
Your computer. Provides:

• Data storage space
• Data processing power

QVI-Auditor system. Provides:

• Generic Plan definitions (full of handy parts for building Company’s plans. Use as-is, or customize)
• Generic policies (test cases) you can customize
• Built-in knowledge of calculation methods
• Mechanisms to automatically apply the methods, and store and display the resulting reserves
• Optional Bulk Plan Import to automate input of Plan Definitions

Actuary Vs. Accountant

• Projected Financials are divided into 2 categories:
  • Complicated Actuarial calculations
  • Dollars and cents
• System provides sophisticated audits for the Actuary
• System provides Accounting 101 GL/COA architecture to show the Accountant how and where the Actuarial calculations are applied in the system’s customized SQL-based General Ledger