KIDI provides specialized insurance services for advanced insurance systems that require in-depth research on actuarial issues and accounting systems.KIDI also keeps the insurance industry up to date on the latest benchmarks derived from global case studies. These efforts extend to related practices aimed at strengthening the actuarial and risk management sector. In response to the global trend toward stronger risk management and fair value disclosure, KIDI monitors actuarial and accounting developments in advanced markets and shares its research findings with insurance companies and regulators.

KIDI utilizes insurance market data to provide information on key assumptions such as policyholder behavior, mortality rates, morbidity rates, survival rates, and lapse rates for liability assessment.Through research on assumption calculation methodologies, KIDI supports insurance companies in their evaluation processes. Additionally, KIDI offers insights into practice standards for insurance liability valuation and actuarial systems that align with the latest insurance standards.

KIDI conducts surveys and research to support the development and improvement of risk-related systems such as the Korean Insurance Capital Standard (K-ICS) and the Own Risk and Solvency Assessment System (ORSA).

KIDI provides consulting services on insurance adequacy, interest rate risk, and management policies to help insurance companies mitigate their own risks and enhance ORSA adequacy. Additionally, KIDI contributes to insurance risk management by facilitating the K-CRO forum and working-level consultative groups, providing a platform for identifying and addressing issues in insurance risk management.

KIDI’s economic scenario generator, KIDI ESG Pro, evaluates embedded options and guarantees within insurance liabilities.

This software tool simulates future economic projections of financial markets by incorporating various factors, including yield curve generation, parameter estimation, and economic scenario modeling. KIDI ESG Pro provides detailed guidance, allowing insurance companies to easily access potential economic scenarios across the global market.

In collaboration with ninepence insurance companies, KIDI developed ARK, an integrated IFRS 17 system, in accordance with IFRS 17 standards. The ARK system consists of two main components: ARK Package and ARK Portal. ARK Package functions similarly to commercial actuarial software, enabling future cash flow calculations. ARK Portal allows users to inquire about accounting settlement results, calculate and manage assumptions, and utilize the pricing system.
ARK provides a comprehensive solution for calculating and managing actuarial assumptions, future cash flows, and insurance-related income statements, all with the convenience of a single click. Beyond financial accounting, the system supports various applications, including cash flow pricing, managerial accounting, insurance risk calculations, and financial ratio analysis to ensure a strong financial foundation. ARK features high-speed computation through CPU/GPU-based parallel programming. As of January 2025, nine Korean insurance companies are using the system.

SolV (Solution for V) is a PC-based actuarial software developed by KIDI, leveraging its expertise in designing the IFRS 17 settlement system.
SolV enables the swift generation of IFRS 17 and K-ICS cash flows without requiring server linkage, allowing for comparative verification with cash flows computed by insurance companies.
The software features high-speed calculation of summary information on insurance liabilities and a detailed calculation function that examines the entire process, including insurance premiums, claims, and expenses. By streamlining actuarial tasks, SolV significantly reduces the time required for various calculations.

In response to the growing momentum of digital transformation driven by AI and inter-industry data convergence, KIDI actively supports the innovative growth of the insurance industry through the adoption of insurtech, including AI and big data.
KIDI creates added value by combining its data with that of external agencies, providing insurance companies with insights for developing innovative products.
Additionally, KIDI identifies new business models for the insurance industry in the digital big data era by exploring AI technologies, researching insurtech trends, and offering consulting services to uncover opportunities in emerging markets.