addactis
Leading European actuarial software provider with deep Solvency II and IFRS 17 compliance expertise.
SectorPunk rates addactis 7.9/10 for actuarial software software development, based on our independent evaluation across 8 criteria including technical expertise, client satisfaction, and innovation readiness. addactis is a Paris-based actuarial software and insurance analytics company founded in 1995. With 200+ professionals and offices across Brussels, Milan, and Madrid, addactis serves over 200 insurance companies with industry-leading tools for reserve estimation, capital modeling, risk analytics, and regulatory compliance — including Solvency II and IFRS 17.
Score Breakdown
Score based on SectorPunk methodology
Overview
addactis Review 2026: Europe's Leading Actuarial Software & Insurance Analytics Provider
addactis is a Paris-headquartered actuarial software company with a history stretching back to 1995 — making it one of the longest-established players in European insurance technology. With a team of 200+ professionals and offices in Brussels, Milan, and Madrid, addactis provides the calculation engines, risk analytics, and compliance tooling that over 200 insurance companies depend on for critical functions like reserve estimation, capital modeling, and regulatory reporting under Solvency II and IFRS 17.
What Sets addactis Apart
Where most insurtechs chase distribution, UX, or AI-first narratives, addactis focuses squarely on the actuarial core — the mathematical and regulatory backbone of insurance. Their software is purpose-built for actuaries and risk professionals who need deterministic and stochastic modeling, granular reserve calculations, and audit-ready compliance reporting. The company's deep expertise in Solvency II internal models and IFRS 17 transition projects is hard to replicate, and their pan-European presence means they understand the regulatory nuances across multiple jurisdictions. This foundation-level positioning is their defining strength.
Strengths
addactis scores highest on industry specialization (8.6/10) and technical expertise (8.2/10), reflecting decades of focused actuarial software development. Their tools are used by some of Europe's largest insurers for mission-critical reserving and capital calculations. The company's track record on IFRS 17 migration — a notoriously complex regulatory shift — is particularly strong, with multiple multi-country implementations completed ahead of schedule. Their data warehousing capabilities also stand out, giving actuarial teams real-time portfolio visibility that was previously difficult to achieve. Client satisfaction (7.8/10) reflects solid delivery and responsive support across their European footprint.
Weaknesses
addactis's innovation and AI readiness score (7.5/10) is lower than more agile, ML-first competitors like Akur8. Organizations looking for cutting-edge predictive analytics, generative AI, or modern SaaS distribution platforms may find addactis's product set more traditional. Additionally, their tight focus on actuarial software and compliance means they are not a fit for companies seeking end-to-end insurance platforms, policy administration, or customer-facing digital solutions.
Who Is addactis Ideal For?
addactis is ideal for European insurers, reinsurers, pension funds, and actuarial consulting firms that need robust, regulation-compliant actuarial software. Organizations undergoing Solvency II or IFRS 17 transitions, or those seeking to modernize their reserving and capital modeling infrastructure, will find addactis's depth of expertise and proven tooling highly valuable.
Verdict: 7.9/10
addactis is a bedrock actuarial software provider with unmatched regulatory compliance expertise across Europe. For insurers that need reliable, audit-ready calculation engines and deep Solvency II / IFRS 17 capabilities, addactis remains a top-tier choice — even if its innovation profile is more evolutionary than revolutionary.
Last updated: March 2026. Next review update scheduled for Q3 2026.
Pros & Cons
Strengths
- +Unmatched depth in actuarial software and regulatory compliance — Solvency II and IFRS 17 are core competencies
- +Proven at scale with 200+ insurance companies relying on addactis tools across Europe
- +Pan-European presence with offices in four countries enabling strong local support and domain understanding
Considerations
- -Innovation and AI readiness trails more agile insurtech competitors focused on machine learning-first approaches
- -Tightly scoped to actuarial and compliance use cases — not a fit for general-purpose insurance platform or distribution needs
Primary Services
Technologies
Notable Projects
Pan-European IFRS 17 Migration
Led the IFRS 17 compliance migration for a multi-country European insurer, implementing new actuarial calculation engines and reporting workflows across five subsidiaries.
Solvency II Capital Modeling Suite
Developed and deployed a comprehensive Solvency II internal model for a top-20 European insurer, integrating reserve estimation, SCR calculation, and stress testing.
Insurance Data Warehouse & Analytics Platform
Built a centralized insurance data warehouse for a mid-sized reinsurer, unifying claims, exposure, and reserving data with advanced analytics dashboards.