Fast forward to the future: 7 days to 7 seconds
How Psicle accelerates processes in an increasingly time-critical world
We are actuaries, problem solvers, and strategic thinkers. As a highly innovative team, we are passionate about understanding how the world of business-critical modelling is evolving, and how organisations need to adapt. We apply our mathematical skills, professional expertise, and intelligent automation platform to help our clients navigate their transformational journey with confidence. Brilliant at building relationships and driving change through innovation and a culture of teamwork, we deliver robust, insightful solutions to modernise and industrialise a client’s technical models and processes. We give clients greater certainty in increasingly complex times.
Determined to bring the power of analytics to the forefront of business practice, Adrian Ericsson and Hannes van Rensburg established Dynamo Analytics in 2012 with the single-minded aim of modernising organisations’ actuarial, financial, and statistical algorithms.
In 2011, Adrian and Hannes co-incidentally left gainful employment at roughly the same time to pursue their dreams of establishing an independent actuarial consultancy and technology business. As actuaries in the London Market, their paths had crossed previously and a chance meeting in 2012 led to a commitment to join forces and establish a single business in the UK, Dynamo Analytics.
Dynamo implies creating energy, light, and a spark. It signifies things moving at a fast pace and dynamism that embodies a lot of what the business has come to represent. The origins of Dynamo have moved from simply a name to a broader concept, an embodiment of values and characteristics that we value greatly, and that are representative of individuals who we consider as “Dynamites”.
From humble beginnings working from coffee shops, restaurants, and hired desks in London’s Square Mile, Hannes and Adrian gradually built the business and grew their portfolio of clients. There was a common thread to many of the challenges that the clients were facing; their important processes were difficult to run and maintain, contained multiple errors, were undocumented, and could not be controlled or audited. Out of this, Dynamo’s niche emerged; using our expertise, and the beginnings of a software platform, to improve actuarial processes and enable automation.
Dynamo’s early forays into software saw us building stand-alone calculators for processes such as the Solvency II Standard Formula, and the Technical Provisions. However we soon realised that the real value was in being able to have a platform to link these processes together in robust ways. We adapted the software platforms we were developing into an environment for linking technical processes together, and Psicle was born.
With development formally starting in 2015, Psicle was launched in 2017 to a wonderful reception in the market.
We had originally begun to develop an engine to consume capital modelling output and be able to use this to give further insight into an insurers business. Psicle is a acronym for “Post SImulation CaLculation Engine”. With the pivot to using the platform for broader linking of technical processes together, we debated changing the name, but it had already stuck!
We work as one team across all of our locations, helping clients ranging from small niche insurers to large multinationals, and across the spectrum of actuarial, financial, and statistical functions.Our clients
A global team of experts with experience of insurance, actuarial, finance, consultancy, and technology sectors, we are already a trusted transformation partner for insurance and finance companies around the globe.What we do