GEMS® and ADVISE®Versions
HARTFORD, Conn.--(BUSINESS WIRE)--
Conning, a leading global provider of investment management services,
risk and capital management solutions, and research to the insurance
industry, today announced the release of its ADVISE® 5.7
Advanced Stochastic Modeling and GEMS® 5.7 Economic Scenario
Generator (ESG) Platform. Building on Conning’s capital markets
expertise, this latest version offers enhancements that significantly
improve insurers’ ability to understand and manage investment risk. The
new release also builds out the platform’s capital management
capabilities, and provides performance and ease of use enhancements.
”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. “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 such as the Efficient Frontier Analysis
The new advanced Efficient Frontier Analysis (EFA) Tool
works in conjunction with the capital markets capabilities of the GEMS®
ESG to provide users with a sophisticated approach to finding their
optimal investment allocation strategies, mapping the asset strategies
along a risk-reward frontier. The EFA tool can optimize on an asset-only
basis or on an integrated asset liability basis over multi-year time
horizons. Additionally, the EFA tool provides an option to optimize
against the Present Value of Distributable Earnings (PVDE), as an
alternate choice to optimizing against ending value.
Included in this 5.7 release are also enhancements that improve inter-operability
of GEMS®and ADVISE® with other
software applications, allowing these programs to operate seamlessly
within any company’s overall enterprise risk management platform.
Companies can now more readily import projected liabilities, economic
variables and cash flows from life actuarial systems and
property-casualty risk management applications.
Additional new business logic features include:
Notable enhancements to improve performance and ease of use include
upgrades to the command line interface to improve integration with
external systems and data, and improved storage and access capabilities.
About Conning’s GEMS®
Conning's GEMS® economic scenario generator enables users to
simulate future states of the global economy and financial markets,
including alternative assets and the pricing of derivatives. It
leverages industry-leading financial models, ensuring consistency with
historical performance, provides a realistic representation of extreme
events and supports hedging strategies with market-consistent pricing.
The ADVISE® engine allows companies to optimize financial
decision making across all interrelated aspects of their business and
build a true competitive advantage through greater accuracy in decision
making, regulatory and ratings agency compliance, and in the allocation
of capital and resources.
ADVISE® and GEMS® are registered trademarks of Conning, Inc.
is a leading investment management company for the global insurance
industry, with $88 billion in assets under management as of June 30,
2012 through its global investment centers and Goodwin Capital Advisers
subsidiary. The Company’s unique combination of asset management, risk
and capital management solutions and insurance research helps clients
achieve their financial goals through customized business and investment
strategies. Celebrating its 100th anniversary this year, Conning is
focused on the future, providing clients with innovative solutions,
leveraging its global capabilities, investment experience and
proprietary research. The company is headquartered in Hartford,
Connecticut, with additional offices in New York, London, Dublin,
Cologne, and Hong Kong.
ConningTeri James, +1-860-299-2335 (direct dial)email@example.comStanton
Public Relations & MarketingKatrin Lieberwirth,