Conning, a provider of asset management solutions as well as risk and capital management software to the insurance industry, and Milliman Inc., a consulting and actuarial firm, are partnering to offer a file exchange interface for running MG-ALFA system with output from GEMS Economic Scenario Generator.

Conning says the integration of its GEMS and Milliman’s MG-ALFA provides a comprehensive solution for life insurance companies undertaking economic capital, strategic asset allocation, liability valuation, stress testing and other asset-liability modeling. For MG-ALFA users, GEMS scenarios can be used to enhance users’ financial and regulatory reporting and improve overall risk management.

GEMS factors in important economic and capital market variables such as inflation, interest rates and equity market changes as well as credit spread and migration dynamics, says Conning. The GEMS economic models and their simulated data are internally consistent within all major economies.

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