AXIS - Moody's Analytics

Type of System

  • Asset/liability management
  • Capital modelling
  • Data management
  • Economic scenario generator
  • Internal/external reporting
  • Portfolio analysis/hedging
  • Risk Management

Type of Platform

  • Cloud
  • Desktop-based
  • Server-based
  • Grid

Most recent significant updates:

Enhancement to liability modeling to store and access up to 99 independent sets of actuarial assumptions simultaneously in a single model for multiple purposes.

Migration to server based platform with fully integrated model management and governance features.

Release of the new MultiState Module of AXIS which adds to existing insurance modules the capability to model insurance products in a more flexible way using a powerful generic multiple state transition process.

Introduction of the CloudLink Module which includes a comprehensive set of tools that make it easy to provision, manage, and maintain AXIS modeling environments both in on-premise datacenters and in the public cloud.

Other Features

The offering facilitates

  • Solvency II standard formula
  • Solvency II internal model

Integration with third-party or in-house systems?

AXIS is designed to be easily integrated with in-house systems. AXIS can import data from and export to most third-party and in-house database systems that offer ODBC connectivity, while native connectivity is offered to Microsoft SQL Server. Integration with other systems may be implemented via ETL interfaces for exchanging and mapping data using text or spreadsheet (Open XML) formats.

Implementation and Costs

Typical implementation costs:

Moody's Analytics do not disclose pricing. AXIS is designed in separately licensed modules, which allow each system's cost to be appropriate to the functionality provided and business units served.

How long does your software take to implement on site?

AXIS is a vendor maintained solution that is ready to use immediately. While initial implementation is straightforward, the full development of working models and applications will depend on the size and complexity of the portfolio and the application intended.

Key attributes of product:

Moody's Analytics AXIS Actuarial Modeling System is widely used by life insurers, reinsurers and consulting firms for pricing, valuation, ALM, financial projection and planning, capital calculations and projection, stress and scenario testing and hedging both in North America and globally. AXIS is a vendor maintained system offering users the security of locked code. This has numerous benefits but has also necessitated that both flexibility and transparency be addressed as key requirements of the system.

Available through an advanced cloud-based delivery platform or installed software, AXIS gives customers the flexibility to rapidly deploy large-scale computing power that is increasingly required for complex life insurance analytics and financial reporting, while introducing market leading integrated model governance functionality and the efficiency of a fully integrated multiple application platform.