KPMG - DEvent
Type of System
- Asset/liability management
- Capital modelling
- Catastrophe modelling
- Governance, risk, compliance (GRC)
- IFRS 17 solution
- Portfolio analysis/hedging
- Solvency II solution
- Stress and scenario testing
Type of platform
- Cloud
- Desktop-based
- Grid
- SaaS
- Server-based
- Web-based
Other features - does your offering facilitate
- Curve-fitting
- NAIC RMORSA
- Replicating portfolios
- Solvency II internal model
- Solvency II standard formula
What are the typical implementation costs?
Implementation costs vary depending on the scope and complexity of your project. DEvent installation and implementation is straightforward.
A full pack of libraries is also available:
- Liability: savings (With profit and unit link) and annuity (deferred and immediate annuity)
- Asset: Risk free bond, Risky bond, Index (Equity, Real Estate, etc.), Cash, Interest rate derivative, Equity derivative
- ALM: Strategic Asset Allocation module, various profit-sharing calculation modules
- Financial library: Standard pricing formulas
- Actuarial library: Standard commutation number formulas
- Solvency 2 library: Module which allows to automatise Solvency 2 stress computations
How long does your software take to implement on site?
A standard stochastic ALM model can be built in less than one week (from scratch or using existing libraries for complex models).
Integration with third-party or in-house systems can be done easily with provided DLL or connectors.
The new web-based modelling platform is now available on-premise (customer data centres) or in SaaS mode (cloud solution).
Please name companies that use the system/solution
Large insurance companies mainly located in Europe.
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DEvent: a comprehensive and easy-to-use financial and capital modelling platform that supports both life and non-life modelling.