Aon - Life Risk Modelling Suite
Type of system
- Analytics
- Asset/liability management
- Capital modelling
- Data management
- Economic / risk scenario generator
- End-to-end ERM
- Governance, risk, compliance (GRC)
- IFRS 17 solution
- Internal/external reporting
- LDTI solution
- Portfolio analysis/hedging
- Pricing
- Reserving solution
- Solvency II solution
- Spreadsheet risk management
- Stress and scenario testing
- ESG/RSG calibration and On the Fly generation during ALM cashflow projection
Type of platform
- Cloud
- GPU
- Grid
- SaaS
- Server-based
Other features
- Curve-fitting
- Least-squares Monte Carlo
- NAIC Principle-based reserving
- Replicating portfolios
- Solvency II internal model
- Solvency II standard formula
- Native GPU processing with dynamic parallelisation
- Real time ALM hedging
Has the product an open API? Yes / No?
Yes
What are the typical implementation costs for your product?
Aon's Life Risk Modeling Suite, powered by PathWise, offers excel like modelling interface with the calculation processed under GPU. A liability only implementation could be completed within one to two weeks for a modeller after a 4-week training programme. We have implemented 200+ products for a client with profits portfolio within a few months and completed the end to end process 40% faster than the original plan set by client. From most of our implementation experience, PathWise reduces clients’ run cost and run time by 90% and higher.
How long does your product take to implement on site?
The setup and installation of a new cloud or on-premise installation typically takes two months. After one month you can already start modeling in your sandbox or development environment.
Please name companies that use the system/product
Major clients include Sunlife, Manulife and Kyobo Life. We are also serving multiple global life (re)insurers covering complex With-profits ALM modelling as well as M&A pricing
In Europe, PathWise has been deployed to serve as IFRS17 end to end solution (including CSM engine and Sub ledger) as well as main liability cashflow engine for SII and IFRS17 valuation.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
Aon’s Life Risk Modeling Suite provides an enterprise solution for pricing, projections, valuation and hedging. The software leverages a GPU-native high performance modeling engine (PathWise®) and features an integrated end-to-end set of capabilities that delivers speed, automation and governance for better business decisions.
Website
www.aon.com/en/capabilities/strategy-and-technology-group/life-risk-modelling-suite