Milliman - CHESS (Cloud hosted Economic Scenario Generator)
Type of System
Economic / risk scenario generator
Type of platform
What are the typical implementation costs?
CHESS does not require any implementation. The user only needs to have an internet connection to generate scenario tables with the tool.
How long does your software take to implement on site?
The solution is immediately usable by a company. CHESS is a Software as a Service (SaaS) solution based on a secured interface between a website and calculation engine hosted in Microsoft Azure.
Most recent significant update:
Accelerated techniques to calibrate LMM+ model based on Edgeworth and Gram-Charlier expansions
Development of a calibration method for the instantaneous correlation matrix of the ESG to replace user correlation targets.
Integration of a dividend stochastic modelling
Planned future enhancements:
Intuitive multi-currency framework
Intuitive sensitivities administrator
How does your solution integrate with third-party systems or in-house systems?
CHESS provides custom formats so that the economic tables produced can be immediately plugged into any ALM solution.
What is the key attribute of your product(s) that differentiates it from your competitors?
CHESS is an ESG, which relies on powerful cloud computing technology allowing calibration of multiple and complex models in a short period of time and projection of sizable economic scenario tables.
CHESS allows the users to choose among a variety of standard and complex risk-neutral and real-world models, the most appropriate one.
CHESS integrates various functionalities in order to analyse and visualise the outputs produced by the models and ensure that final results are in line with expectations.
CHESS is a fully documented solution including mirror Excel spreadsheets to facilitate better understanding of underlying calculations and results.
Milliman CHESS – Scenario generation easier than ever before. Benefit from our R&D expertise through our cloud based ESG.