Moody's Analytics AXIS Description
The AXIS actuarial system from Moody’s Analytics stands out as a comprehensive modeling tool utilized by insurers, reinsurers, and consultants for conducting actuarial assessments related to life insurance and annuity operations. This system prioritizes performance and simplicity in implementation while offering flexibility, durability, scalability, and cost-effectiveness. It enables users to harness significant computing capabilities through either a sophisticated cloud-based platform or traditional software installations. As a versatile vendor-supported actuarial solution, AXIS accommodates various functions, including reserving, asset and liability management (ALM), pricing strategies, financial modeling, capital computations, hedging practices, and the establishment of financial frameworks. Users can project future monthly cash flows based on initial liabilities and invested assets for a period extending up to a century. Furthermore, the system allows for the assessment of different business segments utilizing both deterministic and stochastic methods to analyze profitability and surplus fluctuations, as well as to assess the implications of reinsurance arrangements and modifications in premiums or other plan values, providing a thorough approach to financial planning and management.
Moody's Analytics AXIS Alternatives
Macaw AMS can be used to sell Insurance. Macaw AMS can be used by brokers, MGAs or MGUs, Program Managers, and Lloyds Coverholders to automate their operations.
Macaw AMS was built with a customer-centric approach. It supports CRM, Sales and Underwriting. Customers, producers, and service providers can access self-service portals.
Macaw AMS has built-in Document Management and Task Management capabilities. It is equipped with adaptors that allow for integrated and in-flow services such as eSignature, Payments, OFAC checks, Mass Emailing, Computer Telephony, and Mass Emailing, using 3rd Party Services.
The data analytics part of Macaw AMS offers powerful data visualization with predefined dashboards, allowing users to easily upload datasets and view dynamic charts for clear, multi-dimensional insights. Interactive, real-time visualizations help uncover trends and insights, driving informed decision-making.
Macaw AMS is hosted on cloud and tested for cybersecurity. The database is relational, and the core components of the Java-based application are written in Java. Macaw AMS is capable of processing 500-1000 policies per day at its peak.
Macaw AMS is expected reduce per policy costs by 30%.
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Predict360, by 360factors, is a risk and compliance management and intelligence platform that automates workflows and enhances reporting for banks, credit unions, financial services organizations, and insurance companies.
The SaaS platform integrates regulations and obligations, compliance management, risks, controls, KRIs, audits and assessments, policies and procedures, and training in a single cloud-based SaaS platform and delivers robust analytics and insights that empower customers to predict risks and streamline compliance.
Happy with your current GRC but lacking a true analytics and BI tool for intuitive executive and Board reports? Ask about Lumify360 from 360factors - a predictive analytics platform that can work alongside any GRC. Keep your process management workflows intact while providing stakeholders with the timely reports and dashboards they need.
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Concirrus
Concirrus is dedicated to continuously providing value to both our clients and the broader commercial insurance sector. Our mission is to leverage our combined knowledge in commercial insurance, data science, artificial intelligence, analytics, and technology to facilitate the industry's shift towards the Internet of Things (IoT). This transformation aims to foster a digitally empowered, profitable, sustainable, and safer future for everyone involved. Our committed team is ready to offer support and project management during every phase of the partnership. Concirrus is convinced that enhanced sharing of cohesive, accurate, and real-time data and insights leads to benefits for all parties involved. By minimizing operational inefficiencies and costs, we can foster better connections among brokers, actuaries, underwriters, and reinsurers, leading to more effective pricing, reserving, and risk management strategies. This collaboration allows your teams to concentrate on enhancing responsiveness and service quality for your clients. Furthermore, we will work with you to develop a tailored, scalable digital solution that aligns with your specific business needs and goals, ensuring a successful partnership. Ultimately, our collective efforts will drive innovation and growth within the insurance landscape.
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SLOPE
Slope Software presents an innovative, cloud-based actuarial modeling platform that aims to simplify intricate financial projections and analyses. This platform allows for code-free, visual model creation with live formula validation, which empowers actuaries to construct transparent and adaptable models with great efficiency. It comes equipped with a comprehensive library of assets and liabilities, making it easy to develop complex financial products. Slope's high-performance mode can enhance projection speeds by as much as ten times, enabling users to rapidly derive essential insights via its dynamic reporting capabilities. Furthermore, the system incorporates advanced assumption management features, which facilitate the aggregation and oversight of data from upstream sources to formulate strong assumptions. With integration options for APIs and Snowflake, Slope automates repetitive tasks and enables users to query actuarial outputs alongside other critical company data, enhancing overall business intelligence. In doing so, Slope Software not only streamlines the actuarial process but also provides significant value in strategic decision-making for organizations.
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Integrations
No Integrations at this time
Company Details
Company:
Moody's Analytics
Headquarters:
United States
Website:
www.moodysanalytics.com/product-list/axis
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Webinars
Customer Support
Online Support
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