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Conning Upgrades Modeling Platforms

User-friendliness was targeted in the latest upgrades to ADVISE and GEMS.

Hartford, Conn.-based Conning, which provides investment management, risk and capital management services to the insurance industry, has released version 5.7 of its ADVISE Advanced Stochastic Modeling and GEMS Economic Scenario Generator platforms.

”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 Stephen Sonlin, CFA, Managing Director and Head of Conning’s Risk & Capital Management Solutions business, in a statement.

Sonlin cited the company's new Efficient Frontier Analysis optimization tool as a "sophisticated but user-friendly solution." That item can optimize on an asset-only basis or on an integrated asset liability basis over multi-year time horizons, as well as against the Present Value of Distributable Earnings instead of ending value.

Other enhancements improve inter-operability of GEMS and ADVISE in companies' enterprise risk management platforms, as well as: enhanced asset and capital rebalancing, user-specified credit scenarios, and expanded economic variable coverage.

[Compare these new enhancements with what was available in version 5.6 of the platforms.]

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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