STAR Solutions NAVI - Milliman

Type of System

  • Capital modelling
  • Economic capital aggregation
  • Economic scenario generator
  • Risk Management

Type of Platform

  • Desktop-based

Most recent significant updates:

August 2014: Release 2.0 extends NAVI for the recalibration and refinement of existing valuation scenarios and the automated generation of LSMC/Replicating portfolio calibration scenario.

Other Features

The offering facilitates

  • Curve-fitting
  • Least-squares Monte Carlo
  • Solvency II internal model
  • Replicating portfolios

Integration with third-party or in-house systems?

NAVI is compatible with both third-party and in-house systems.

Implementation and Costs

How long does your software take to implement on site?

Time taken to implement on site: Quick implementation and integration into existing processes due to generic data interface.

Key attributes of product:

NAVI covers the full LSMC/Replicating portfolio calibration process, including the automated generation of calibration scenarios which is compatible with any existing ESG file. Based on the outcomes from these calibration scenarios, an automated and robust process allows for the calibration of LSMC/Replicating portfolio proxy models. Furthermore, NAVI allows for the high-quality recalibration and ex-post refinement of existing valuation scenarios providing a superior goodness-of-fit for calibration targets. This fully automated scenario generation allows for delivery of new scenarios for all different purposes within tight deadlines. The approach itself is independent from ESG provider and capital market model.