Proof of Usefulness Report

Green 13 Solutions Ltd.

Analysis completed on 3/7/2026

+248
Proof of Usefulness Score
Gaining Momentum

Green 13 Solutions is a legitimate, established UK-based actuarial software company (founded 2013) with verified clients in over 20 countries. Their product, Iris, leverages advanced technologies (AVX, Grid Computing, GenAI) to solve critical regulatory challenges (Solvency II, IFRS17). However, the submission quality was extremely poor (claiming 'everyone' as audience and 'most people' for traction), which contradicts the niche B2B reality. While the company is smaller than the '30' claimed (external data suggests ~6-15 employees), they have solid enterprise traction (~60 clients). The score reflects a highly useful, innovative niche product weighed down by a poor submission and limited mass-market scale.

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Score Breakdown

Real World Utility+85
Audience Reach Impact+24
Technical Innovation+61.2
Evidence Of Traction+55
Market Timing Relevance+32
Functional Completeness+2
Subtotal+259.2
Usefulness Multiplierx0.96
Final Score+249

Project Details

Description
Green 13 Solutions Ltd is an innovative Actuarial Software provider. Our software, Iris, is currently used in 20 countries across four continents, for Solvency II, IFRS17 and more. Iris is a low-code, high-performance, powerful and modern actuarial projection platform designed with reporting actuaries in mind. It allows users to reduce transformation times from months to weeks or even days, and reduces the need for complex IT projects or large specialist teams. Iris consists of apps for data, calculations and results, covering the end-to-end actuarial processes, providing actuaries and auditors with unparalleled visibility of the whole actuarial process, with no blind spots. You can use the Iris Tool add-in to update, interrogate and run models as spreadsheet functions, run bulk goal seek, and also query many 10s or 100s of millions of rows of data in seconds from the comfort of a spreadsheet. Iris utilises AVX and grid computing for performance and scalability. Iris is the very first actuarial platform which comes with an AI Developer, Iris-AID, leveraging Generative AI to covert abstracts product specs to Iris-C actuarial models, speeding up and automating the actuarial transformation process further. Generate policy-by-policy, or period-by-period models with ease. Join Iris, join the actuarial modelling revolution.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline