Optimize Financial Decision Making
Insurance companies still managing their businesses in silos are standing in a field of uncertainty when it comes to truly understanding their business risks. Conning removes this uncertainty with our ADVISE® engine, the only comprehensive financial simulation engine capable of modeling an entire company. The ADVISE® engine allows companies to optimize financial decision making across all interrelated aspects of their business.
Gain a Competitive Advantage
With Conning’s ADVISE® engine, your company can achieve real competitive advantage through greater accuracy in decision making, regulatory and ratings agency compliance, and in the allocation of capital and resources. This scalable software platform delivers total company modeling with the ability to incorporate management decisions and business rules to better reflect real-world actions. Sophisticated analytics, a state-of-the-art economic scenario generator (GEMS® software) and board quality reporting provide users of the ADVISE® engine with capabilities which are unparalleled in the industry.
Benefits for your Business
By providing companies with enterprise-wide financial modeling, Conning’s ADVISE® engine enables companies to have an aggregated view of all aspects of their business.
ADVISE® engine is integral to our clients’ ERM processes and supports their regulatory and rating agency requirements. This system provides a series of sophisticated interconnected modules, with a building-block structure to allow maximum modeling flexibility. It provides a powerful, integrated platform for evaluating, analyzing and developing solutions for:
ADVISE® Engine Modeling Process
Answer Critical Business Questions Using ADVISE®
- How much capital is needed to support current and future business?
- How does this relate to ratings safety?
- How should capital be allocated to business segments?
- Which segments create shareholder value or destroy it?
- How much does each segment contribute to earnings uncertainty?
- Which segments can provide profitable growth?
- How can we price properly for risk?
- Where does reinsurance and hedging create value or destroy it?
- What are the criteria for evaluating marginal risk/reward?
- How can you implement a process that connects the Board’s risk tolerance and return goals to planning and execution?
For more information about Conning’s risk modeling systems and strategic advisory services, please contact us.