Software Alliance - Mo.net Mobile Modeller
Type of System
- 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?
The Mobile Modeller smartphone app is designed to illustrate how existing models can be consumed by a range of devices supporting a variety of potential applications.
Each Mobile Modeller app is configured to work with a Mo.net Modelling Solution. The costs for implementing each app depend on the complexity of the model / calculations involved and the overall user experience of the app required.
How long does your software take to implement on site?
New apps typically take a month to develop from having a finish Mo.net Modelling Solution with which to integrate.
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 latest version of the Mobile Modeller was released in March 2019. This version included an app specifically designed for the Android platform and is available to download for free from the Google Playstore. The iOS version also included some minor enhancements to improve the overall user experience.
Planned future enhancements:
We are planning to release an iPad / tablet specific version of the Mobile Modeller in 2020 with a richer user experience, and additional modelling / calculation applications, including some for non-insurance products.
How does your solution integrate with third-party systems or in-house systems?
The Mobile Modeller relies on the best in class integration capability of the Mo.net platform. The app can easily be customised to integrate with other enterprise systems, such as data sources or policy admin systems.
What is the key attribute of your product(s) that differentiates it from your competitors?
The speed, portability, and versatility of the Mo.net platform allows models previously locked inside the actuarial function to be consumed elsewhere in the insurance enterprise, or even by customers / agents in the outside world.
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