Software Alliance - Mo.net Model Development Studio
Type of System
- Capital modelling
- Economic capital aggregation
- Risk management
- Stress testing
- Asset/liability management
- Data management
- End-to-end ERM
- Solvency II solution
- Internal/external reporting
- Portfolio analysis/hedging
- Reserving solution
- Governance, risk compliance (GRC)
- Spreadsheet risk management
- Front / back office illustrations & calculations
Type of platform
Other features - the offering facilitates:
- Least-squares Monte Carlo
- Replicating portfolios
- NAIC RMORSA
- NAIC Principle-based reserving
- Solvency II standard formula
- Solvency II internal model
- IFRS 17
What are the typical implementation costs?
Mo.net Model Development Studio provides a huge array of features and functionality to streamline the process of developing and testing new financial models. The vast majority of our clients install the software without any support from Software Alliance, other than by using our comprehensive installation, configuration and end-user documentation. There are a range of product editions from runtime to enterprise, each with their own specific license cost.
How long does your software take to implement on site?
New implementations take no more than a few minutes to download, install and activate via our website.
Please name companies that use the system/solution
We have more than 60 successful client implementations around the world, highlighting the fact that Mo.net is entirely agnostic to regional / regulatory reporting environment.
Most recent significant update:
Mo.net 7.4 was released in December 2019 in line with our bi-annual release cycle. This release included a wealth of enhancements and refinements to the Model Development Studio component, with a focus on changes required to support the release of OMC R2 and the first public release of the Excel Model Adapter.
This version also includes additional sample solutions developed specifically for new clients in specific markets – in this case South Africa. Finally, this version includes a significant update to the application help and support functionality, allowing changes and updates to be deployed between major releases. Mo.net 7.4.1 was released in August 2020 as a minor update including enhancements to source control and master/worker functionality.
Planned future enhancements:
We are planning to deliver a wealth of new features and enhancements to the Mo.net Model Development Studio over the coming months and years. Some of these include the ability to consume our data management and validation functionality as a service, in line with our service-oriented product philosophy.
We are also planning to extend our system integration points to make the deployment of Mo.net into existing enterprise technology stacks even more straightforward. We will also continue to expand our range of country and application specific accelerators and templates, to lower the barrier to productivity even further.
We are also investigating the vector-wise modelling capabilities of the product, and looking to extend these in a Python type direction, and assessing if performance using currently available methods within the platform would be improved.
How does your solution integrate with third-party systems or in-house systems?
The Mo.net platform provides best-in-class integration with enterprise systems, whether running on-premise, in the cloud, or in a hybrid environment. This includes systems as diverse as business intelligence platforms, finance systems, BPM / automation applications, websites, policy administration systems, and of course data warehouses and data marts. Our service-oriented architecture means that harnessing the power of user-developed models & calculations is straightforward. This in turn allows models and calculations to be used across the insurance enterprise, beyond the actuarial department, and supporting our overall vision of Mo.net as the calculation hub for insurance.
What is the key attribute of your product(s) that differentiates it from your competitors?
Integration, as noted above, is perhaps the most differentiating attribute of the product. However, we also offer best of breed governance and control, performance, and ease of use. If you can develop a model in a spreadsheet, then you can develop a model in Mo.net.
What trends are you seeing in terms of customer demand?
Operational Modelling – clients want an operational modelling solution which has the flexibility to allow data and assumption changes. Clients also want to produce results on updated model versions without making custom changes to the system, but maintaining control and governance over model code and inputs. We can meet this demand with our Operational Modelling Centre.
Conversion and rationalisation of spreadsheet (and legacy) modelling – customers often have long-standing spreadsheet models that have far outlived their original purpose and would be much better suited as models within a well-controlled and governed modelling platform. Our Excel Model Adapter is designed to convert these spreadsheets quickly and easily into such models, therefore speeding up and simplifying the process.
IFRS17 – there is demand for a modelling platform that can be flexible enough either to be used to produce end-to-end IFRS17 reporting metric calculations, starting with the valuation at policy level or to enable companies to load in cashflow data and carry out calculations at cohort level. The Mo.net platform is flexible enough to enable it to be developed for either scenario.
Mo.net - The Service Oriented Financial Modelling Platform Powering the Next Generation of End-to-End Insurance Modelling