What GREEN 13 SOLUTIONS LIMITED does

Green 13 Solutions Limited is a UK-based actuarial software company founded in 2013 and headquartered in Edinburgh, Scotland, with a reported headcount of 1-10 employees. It develops and sells the Iris platform, an end-to-end, low-code actuarial projection system used by insurance companies (life, non-life, composite, groups, reinsurers) and consulting actuaries for IFRS17 reporting, Solvency II compliance, product pricing, ALM, stochastic projections, and capital modelling. The company's stated customer footprint exceeds 60 clients across 24 countries spanning the EU, UK, Asia, Africa, and North America. Revenue is generated through B2B enterprise software licensing to insurance and actuarial consulting firms, with go-to-market executed via direct enterprise sales, website-driven inbound, product demos, and a client portal; pricing is not publicly disclosed. The platform is built on a C++ core that exploits AVX, GPU, and grid computing for high-performance calculation, and is delivered as a suite of integrated modules — Iris-C (calculations), Iris-D (data validation), Iris-X and Iris-SQL (extract transformation), Iris-DN (process orchestration), Iris-Automation, Iris-Grid (local grid), Iris-Cloud (HPC serverless), Iris-Tools XLL (Excel add-in), and Iris-AID (a generative AI developer that converts product specs into models).

Name

GREEN 13 SOLUTIONS LIMITED

Legal name

Green 13 Solutions Limited

Website

https://green13solutions.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Green 13 Solutions Limited, founded in 2013 and headquartered in Edinburgh, UK, develops the Iris low-code actuarial modelling platform used by insurance companies and consulting actuaries across 24 countries for IFRS17, Solvency II, ALM, and pricing workloads.

Ownership category

akta.pro rank

Product category

Actuarial Modelling Software

NAICS

Custom Computer Programming Services (541511)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

akta.pro secondary industry

Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)

Keywords

• Actuarial modelling software
• IFRS17 reporting
• Solvency II compliance
• Insurance analytics
• Low-code actuarial platform

Headquarters

HQ city

Swindon

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Licensing: The company provides Iris actuarial software solutions to insurance companies and consulting actuaries. Based on the B2B nature of the business and software-as-a-service offerings (Cloud, Grid), the revenue model appears to be subscription-based software licensing with potential for enterprise contracts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Green 13 Solutions develops and licenses the Iris actuarial modelling software platform for insurance companies and consulting actuaries. Iris is an end-to-end, low-code projection system using AVX, GPU and grid computing to deliver high-performance calculations for IFRS17, Solvency II, ALM, stochastic, variable annuities, and product pricing. The platform comprises Iris-C (calculations), Iris-D (data validation), Iris-X and Iris-SQL (data transformation), Iris-Grid and Iris-Cloud (grid and cloud execution), Iris-Automation (orchestration), Iris-DN (process automation), Iris-AID (Generative AI model builder), and Iris-Tools XLL (spreadsheet integration).

Product overview

Green13 Solutions offers Iris, a unified platform-plus-modules actuarial modelling ecosystem. The core platform is Iris-C, a high-performance actuarial projection system leveraging AVX, GPU, and grid computing technologies with low-code expressions. Surrounding this core are integrated modules: Iris-D for data validation, Iris-X and Iris-SQL for data transformation, Iris-DN for process automation and sequencing, Iris-Automation for end-to-end run orchestration, and Iris-AID as the AI developer that generates Iris-C models from product specifications. Grid and cloud deployment is handled by Iris-Grid and Iris-Cloud respectively, while Iris-Tools XLL provides spreadsheet integration. Together, these applications cover the complete end-to-end actuarial workflow from data ingestion through calculation to reporting.

Differentiator

Problem solved

Functional benefit

Brands

• Iris: End-to-end, low-code actuarial projection platform consisting of multiple apps for calculations, data management, cloud computing, automation, and AI-assisted model development. Includes Iris-C, Iris-Grid, Iris-Cloud, Iris-D, Iris-X, Iris-SQL, Iris-AID, Iris-Automation, and Iris-Tools XLL.

Products and services

• Iris-C Flagship low-code actuarial projection system for end-to-end actuarial calculations, supporting conventional, unit and investment-linked products, Variable Annuities, RILAs, ALM, stochastic and with-profits/dynamic benefit calculations, IFRS17, Solvency II (including Matching Adjustment), and BPA rapid pricing. Built on AVX, GPU and grid computing with C++. Designed for reporting actuaries at insurance companies and consulting firms.
• Iris-Grid Intelligent local grid management tool enabling Iris-C to create, join and run local clusters efficiently. Uses an intelligent job-allocation algorithm nicknamed 'Tetris' that maximises hardware utilisation while minimising network traffic.
• Iris-Cloud Cloud grid management tool enabling Iris-C runs on HPC serverless, elastic infrastructures with auto-scaling resources, visual drilldown of resources, runs and costs, and runs the same models, data and assumptions as Iris-Grid.
• Iris-D Data validation system that processes large sets of extracts or model point files and produces detailed per-policy reports of anomalies, data inconsistencies, unusual trends, or invalid formats and values, using design-by-example rules with AutoConfig calibration.
• Iris-X Low-code extract transformation utility that simplifies data transformations using design-by-example expressions, without nested code logic. Converts extracts into model point files, prepares input tables for IFRS17 models, and supports experience investigations.
• Iris-SQL SQL-style data transformation system complementing Iris-X, simplifying SQL-style expressions with helpers and providing visual data flow representation of queries.
• Iris-AID First-ever dedicated actuarial AI Developer that converts product specifications into Iris-C models using Generative AI, significantly reducing development times and the need for large specialist teams.
• Iris-Automation Orchestration app that runs the end-to-end reporting process with a touch of a button across different parameters and run-dates, providing rich clickable audit trails and run-time profiler analysis.
• Iris-DN Low-code process automation and sequencing utility (Data Nodes) that lets users define processes, run Iris sub-systems, interact with external programs (databases, R, Python, C#, VB.Net, NodeJS), set off grid runs, automate spreadsheets, and generate reports including IFRS17 disclosures.
• Iris-Tools XLL Spreadsheet Add-In that allows users to update, run and query any Iris-C model as a spreadsheet function, query hundreds of millions of records from inside spreadsheets, and run Iris-SQL queries as spreadsheet functions.

Quantifiable outcome

• Transformation times reduced from months to weeks or days
• +9 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature14 records

Scale indicators6 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• Prima Solutions: Prima Solutions offers a SaaS insurance core platform with pricing, underwriting and reporting modules for P&C and life insurers. Comparable as a European-headquartered insurtech SaaS vendor competing in the same regulatory-modernization cycle.
• Earnix: Earnix is an AI-driven pricing and rating platform for insurers and banks. Comparable as an insurance-specific analytics SaaS player using AI for underwriting/pricing, intersecting with Green 13's positioning around AI-driven actuarial modeling.
• Equisoft: Equisoft provides insurance and wealth management digital solutions including illustration, e-applications and policy admin. Comparable as an insurance-focused SaaS player targeting the same life-insurance digital/modernization buyer.

Direct peers

• Milliman: Milliman is a global actuarial consulting and software firm whose MG-ALFA platform provides life and non-life actuarial projection for insurers. Direct peer because both serve reporting actuaries with model build/calculation tooling and IFRS17/Solvency II capabilities — directly competing in the same niche use case.

Broad incumbents

• Sapiens International: Sapiens offers core insurance SaaS platforms (Policy, Claims, Billing) widely adopted by global insurers and consultancies. Comparable as an established insurance SaaS vendor pursuing IFRS17-era modernization deals where Iris is positioned.
• Duck Creek Technologies: Duck Creek provides a P&C insurance core suite and is a SaaS-first incumbent for insurance transformation. Comparable because it competes in the broader insurance SaaS modernization wave that IFRS17/regulatory change is accelerating.
• Moody's Analytics (actuarial software): Moody's Analytics provides risk and actuarial modeling tools (e.g., AXCO, RiskIntegrity) used by life insurers and reinsurers. Comparable as a deep-pocketed incumbent in insurance regulatory and risk modeling that competes for the same IFRS17/Solvency II transformation budgets.
• Willis Towers Watson (Insurance consulting & software): Willis Towers Watson combines actuarial consulting with proprietary modeling software (e.g., ResQ, IFRS 17 toolkit). Direct comparability with Green 13 in serving consulting actuaries and insurer reporting teams with regulatory modeling tools.
• Majesco: Majesco is a cloud-native insurance software platform vendor targeting digital transformation for insurers. Comparable as an established insurance SaaS competitor pursuing similar IFRS17-era platform replacement conversations.
• FIS Insurance Solutions: FIS is a large incumbent financial/insurance technology vendor with policy administration, claims and insurance software suites. Comparable as a wide-portfolio competitor targeting insurance back-office modernization where Green 13 competes with its Iris-C actuarial projection platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/green-13-solutions-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GREEN 13 SOLUTIONS LIMITED