The Global Standard in Pension Valuation and Forecasting
Used in 30+ countries including the United States, Canada, and Germany, ProVal supports the largest and most complex pension plans in the world, delivering unmatched functionality, efficiency, and quality.
- Built by actuaries, for actuaries
- Pension and OPEB plans
Simply the Best
Unmatched functionality
- Integrated valuations and forecasting make forecasts a natural extension of a valuation, including stochastic forecasting for ALM, LDI, and asset allocation studies.
- Robust data tools to import and merge data, screen for reasonableness and completeness, identify and resolve duplicates, and generate data questions.
- Built-in report writing to automate the creation of valuation reports and more
- Additional tools for gain/loss analysis, experience studies, administration factors, nondiscrimination testing, and more.
Unmatched efficiency
- Work faster and at lower cost using ProVal, as we have implemented the best thinking and ideas from our clients around workflow.
- Built-in data automations let you perform your data process with a click, cutting manual effort and accelerating the valuation and forecasting cycles.
- Parallel processing gives you the performance you need for even the biggest and most complex cases.
Unmatched quality
- Scrutinized by 1000s of actuaries for over 30 years.
- Rigorous quality assurance regime, which includes code review, alpha testing, regression testing, and beta testing.
- Ongoing innovation. New releases reflect user suggestions and requests, law changes, technology changes, and more.
ProVal is trusted to value more defined benefit plans than any other system on the planet.
Book a demo to see why.
More Than a Valuation System
Robust Data Facilities
- Import and merge
- Find and resolve duplicates
- Screen for reasonableness and completeness
- Generate client-friendly data questions
- Produce status reconciliations, summary statistics, and more
- Review and filter change history
- Automate annual data processes
Output and Reporting
- Contribution and expense development
- Projected cash flows
- Built-in sensitivities
- Custom output to aggregate and compare runs
- Report writing
Reviewable Results
- Detailed calculation reports for test cases
- Gain/loss analysis in aggregate or by individual
- Automatic change history for inputs
- Inputs locked for saved valuation results
- Experience studies to compare actual vs. expected
Extensive and Flexible Forecasting
- Separate experience and valuation assumptions
- Fully parameterized and customizable population growth
- Future assumption and plan changes
- Stochastic forecasting for asset allocation, ALM, and LDI studies, with integrated assets and liabilities
Pension Risk Transfer (PRT)
- Track record of success for planning, implementing, and maintaining pension risk transfers
- PRT includes annuity pricing and financial modeling
Help and Training
- Contextual help and documentation
- Self-directed online courses with videos and exercises
- Instructor-led training sessions online or in your office
Performance
- Built-in parallel processing
- WinTech Grid supports more processors and machines
Defined Contribution Compliance
- True-up and non-elective allocations
- ADP/ACP testing
- Coverage and general testing
- HCE/NHCE determination
- Refund (or QNEC) calculations
More Tools
- Administration Factors, including conversion factors
- U.S. Social Security PIA calculations
- U.S. Nondiscrimination testing, including accrual rate calculations, HCE/NHCE determination, and coverage and general tests
- U.S. Government Forms Export
ProVal Benefits
Continuous Innovation
New releases include a host of new features, reflecting law changes, user suggestions and requests, ease of use enhancements, technology changes, and more. All releases are upwardly compatible, meaning previous data files work seamlessly with new versions. We employ persona-based design to discover and deliver features you didn’t even know to ask for. There are no additional fees for new releases.
Valuation Efficiencies
You can produce work faster and at lower cost using ProVal, as we have implemented the best thinking and ideas from our clients around workflow, all the way from data preparation through report generation.
No Limits
ProVal is designed to handle the biggest populations and most complex benefits and assumptions.
Simple to Learn
ProVal's user interface is easy to use, easy to learn, and efficient to work with. ProVal can be learned in a two-day training session or following online self-directed training.
Actuary-Crafted
ProVal was built by actuaries for actuaries. We're dedicated to providing solutions that make your life easier and more efficient.
Unrivaled Service and Support
WinTech is staffed with pension actuaries who float between working on development, support, training, testing, and more. As a result, we offer excellent products with unparalleled technical support.
Global Reach
ProVal serves users in 30+ countries, enhancing decision-making, efficiency, and accuracy.
High Quality
ProVal’s calculations and methodologies have been approved by chief actuaries around the world. The volume of daily activity ensures that any bugs are found and fixed quickly. WinTech performs regression testing as part of our regular development routine and with every update and new release.
Seamless Integration
ProVal supports Club Vita mortality and turnkey economic scenarios from Ortec and Conning.
Intuitive add-ons to make your job easier
ProVal PS
for interactive desktop modeling
Compare Policies
- See effect of policies side by side
- Identify specific policies which best fit goals and objectives
- Develop and evaluate new scenarios using custom definitions of risk and reward
Share, Inform, Act
- Run forecasts in a meeting setting
- Display results in a clear and simple format
- Share the analysis easily with others, including Excel export
- Get advance warning to limit risk and produce better future cost outcomes
- Make informed decisions
Grid Platform
for enhanced speed
WinTech’s Grid Platform is created by connecting one or more ProVal users to one or more Grid Agents, using a common network folder to pass data packets back and forth.
Speed
Substantial speedups of CPU intensive runs by distributing them across a network of computers.
Shared Resource
Available to all ProVal users connected to a shared network.
Unlimited Local Processors
Utilize all local processors. Thus, speed ups don’t require a grid of networked computers.
Installation Guide and System Requirements: Download
Free Training, at your own pace
Great way to learn ProVal or get a refresher.
Get access to:
Interactive training courses
Training videos
Paid instructor-led training available upon request
If new, please use your work email to register as access to our software is needed to complete the courses.
Discover more
At WinTech, we pride ourselves on providing innovative solutions that meet your unique needs.
