Milliman - ModelSign
Type of System
- Data management
- Governance, risk, compliance (GRC)
- Internal/external reporting
- Model governance
- Operational risk management
- Project / process management
- Risk management
- Spreadsheet risk management
Type of platform
Other features - the offering facilitates:
- IFRS 17
- NAIC Principle-based reserving
- NAIC RMORSA
- Solvency II internal model
What are the typical implementation costs?
Implementation costs are highly dependent on the size of the company’s model inventory.
How long does your software take to implement on site?
Implementation costs are highly dependent on the size of the company’s model inventory. Installation takes minutes, and models can be migrated during business as usual reporting, thus requiring no additional effort for migration.
Please name companies that use the system/solution
Used internally. Client list is currently confidential.
Most recent significant update:
Our process manager with email notifications and chat functionality keeps development and production on track.
Planned future enhancements:
Enhanced capabilities for models to interact with one another in an automated fashion inside ModelSign.
How does your solution integrate with third-party systems or in-house systems?
ModelSign is platform agnostic and can integrate with existing processes immediately.
What is the key attribute of your product(s) that differentiates it from your competitors?
ModelSign is version control and model risk management designed specifically for insurers and emerging regulatory requirements in the industry.
ModelSign modernises model risk mgmt with blockchain and utilities to keep development and production on track