Conning - ADVISE® Enterprise Risk Modeler
Type of system
- Asset/liability management
- Capital modelling
- Economic / risk scenario generator
- End-to-end ERM
- Internal/external reporting
- LDTI solution
- Portfolio analysis/hedging
- Solvency II solution
- Stress and scenario testing
Type of platform
- Cloud
- Desktop-based
- Grid
- Server-based
Other features
- NAIC Principle-based reserving
- NAIC RMORSA
- Solvency II internal model
Has the product an open API? Yes / No?
Yes
What are the typical implementation costs for your product?
The annual subscription fee depends upon the required software features, the number of users, and the range of economies to be modelled.
How long does your product take to implement on site?
The software can be downloaded, installed, and licensed in less than an hour. Implementation time is dependent on client needs, with clients often able to start producing meaningful management reports within a couple of months.
Please name companies that use the system/product
We do not disclose the names of specific clients. Conning's risk modelling software is used by approximately 100 clients, including several of the "top 10" insurers in North America, Europe, and Asia.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
ADVISE® offers advanced stochastic full-enterprise risk modeling for property/casualty and health insurers and reinsurers. Capabilities include:
- ESG and ALM integration by design
- Cash flows and reserves for aggregate losses, individual losses, and catastrophe losses
- Capital modelling: AM Best, NAIC, etc.
- Reporting by policy year, accident year, and calendar year
- Reinsurance models for variety of treaty types: XoL, Quota Share, Stop-Loss, etc.
- Range of inflation and discounting available for each product
- Flexible tools for user-defined customization
- Individual entity and consolidated group modeling and reporting
- Financial statements and other financial metrics for each simulated path, including STAT, GAAP, IFRS, HGB, and BCAR
Website
www.conning.com/software-and-services/economic-capital-modeling