Qatar Reinsurance Company LLC, the reinsurance arm of Qatar Insurance Company, has signed a multi-year license for Conning’s GEMS Economic Scenario Generator software. The platform is intended to enhance the company’s capital and risk modeling; GEMS ESG will be used as the stochastic driver of market and credit risk for the calculation of regulatory capital and for business planning purposes, Conning said.
Conning’s GEMS is an economic scenario generator that simulates future states of the global economy and financial markets using economic models, Conning said, offering full market risk and asset class coverage. Its financial models are designed to ensure that simulations offer realistic representation of extreme events, such as those that occurred in the 2008 financial crisis.
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