Cells Flashcards

(12 cards)

1
Q

What is a Cell in AXIS?

A

A Cell is the most important object and the basic building block of an insurance operation in AXIS. It defines products, assumptions, and calculation parameters.

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2
Q

What are the three basic functions of a Cell in AXIS?

A
  1. Define product features and parameters.
  2. Select calculation or processing options, including inforce/future business.
  3. Define assumptions and actuarial methods.
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3
Q

How are Cells related to AXIS modules?

A

Cells are specific to the module being used (e.g., Life, Annuity) and contain most of the differences between modules.

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4
Q

What can each Cell represent in a plan?

A

Each Cell could represent one segment of a plan (e.g., one sex, one smoking status, one band).

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5
Q

What kind of information can be entered into a Cell?

A

Product features, actuarial assumptions, reinsurance, tax, and capital requirements.

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6
Q

What types of projections can be produced when running a Cell?

A

Both policy year and calendar year projections.

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7
Q

How can Cell projections be consolidated?

A

Calendar year projections from multiple Cells can be consolidated into Subfunds, Funds, and Offices to produce results for a whole company or division.

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8
Q

How are Cells stored in AXIS?

A

Cells are named and saved along with the last selected assumptions and settings. The results of the most recent projections may also be saved.

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9
Q

Can a Cell be executed independently?

A

Yes. A specific Cell can be viewed, edited, and executed independently, or multiple Cells can be run together in a batch process.

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10
Q

Where are Cells listed when a Dataset is opened from EnterpriseLink?

A

A list of Cells from the active Dataset and current module appears in the main AXIS window.

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11
Q

Why are Cells considered the most important object in AXIS?

A

Because they define the structure, assumptions, and projections for insurance and annuity products — the foundation of all AXIS modeling.

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12
Q

What distinguishes Cells from other objects in AXIS?

A

Unlike other objects, Cells can save the results of the most recent financial projections along with their assumptions and settings.

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