SunGard’s iWorks Prophet actuarial modeling solution is providing an interface with Conning’s GEMS Economic Scenario Generator (ESG). The interface will help insurers improve risk management, meet regulatory reporting and rating agency requirements, and enhance investment decision making.
Insurance companies using iWorks Prophet and undertaking economic capital, strategic asset allocation, liability valuation and other asset-liability modeling will be able to use Conning’s GEMS output in their actuarial risk modeling processes, says SunGard.
SunGard adds that Conning’s GEMS is used by asset managers to simulate future states of global economies and capital markets using economic models that cover market risk and multiple asset classes. Using GEMS ESG output in SunGard’s iWorks Prophet provides insurers with an additional set of economic scenarios to help them evaluate their business models. GEMS is part of Conning's suite of risk and capital management software for the global insurance industry.
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