Conning release financial modelling platforms upgrade

Asset management and insurance research firm Conning has released version 5.7 of its ADVISE Advanced Stochastic Modeling and GEMS Economic Scenario Generator (ESG) platforms.

Enhancements include improved inter-operability with other software applications, allowing companies to import projected liabilities, economic variables and cash flows from enterprise risk management platforms, and a new Efficient Frontier Analysis (EFA) tool that can optimise on an asset-only basis or on an integrated asset liability basis over multi-year time horizons.

“The new versions of GEMS and ADVISE respond to the insurance industry’s need to deliver superior returns in a challenging market environment while more efficiently balancing risk and reward opportunities”, said managing director and head of Conning’s risk and capital management solutions business Stephen Sonlin.

“Our goal is to help insurers meet those challenges and drive consistency in their overall performance with the development of sophisticated but user-friendly solutions”, he added.

The new EFA tool also provides an option to optimise against the present value of distributable earnings (PVDE) instead of ending value.