Software Alliance - Mo.net Cloud Modelling Service
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)
- front / back office illustrations and 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?
The Mo.net Cloud Modelling Portal provides access to all components of the Mo.net platform on a pay-as-you-go basis through a range of “recipes”.
Recipes can include both infrastructure + Mo.net licences, or infrastructure only, allowing existing customers to benefit from PaaS / IaaS capability. The costs of each recipe depend entirely on the infrastructure and licences selected by the end-user.
How long does your software take to implement on site?
New cloud recipes can be provisioned from in a few minutes via the web-based portal. Once provisioned the software and hardware can be access from any device.
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:
The first public release of the Cloud Modelling Services, including the Cloud Modelling Portal was made available in January 2013, and a number of incremental enhancements have been made to the environment since then. These enhancements range from additional product / infrastructure recipes, through to more granular billing and cross-border resource provisioning.
Planned future enhancements:
Development of new and enhancement to existing cloud native Mo.net services.
How does your solution integrate with third-party systems or in-house systems?
The Mo.net Cloud Modelling Services are designed to work in a hybrid cloud / on-premise environment. We understand that customers aren’t ready to release all the data into the cloud, so we’re offering the capability to run Mo.net modelling services in the cloud but using data that remains on premise.
What is the key attribute of your product(s) that differentiates it from your competitors?
True pay as you go / utility-based modelling
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