GEMS® Software Receives Best Economic Scenario Generator Award from for Fourth Time in Six Years

December 06, 2016

Conning’s GEMS® Software Receives Best Economic Scenario Generator Award from for Fourth Time in Six Years

HARTFORD, CT and London, UK – December 6, 2016 — Conning, a leading global provider of risk and capital management software and advisory solutions to the insurance and pension industries, has received the award for Best Economic Scenario Generator (ESG) in’s 2016 Buy-Side Awards. Conning’s GEMS® Economic Scenario Generator software was selected by (formerly Insurance Risk magazine) as best in class for the fourth time in six years, including recognition in 2011, 2013, 2014, and 2016.

“We are pleased to be recognized again for the high quality and robust features of our economic scenario generator,” said Dr. Hal Pedersen, a director of risk solutions at Conning. “Our GEMS® software provides critical insight into the complex dynamics of the global macroeconomy and capital markets in which companies operate. Conning’s strong commitment to research and development continues to provide the foundation necessary to bring to our products the industry-leading innovation that our clients expect in today’s world of rapidly changing risks.” recognized the GEMS® software’s robust calibration tools, its ability to capture ultra-low interest rate behavior, the addition of a new contagion effect to its sovereign debt model, and the addition of a credit rating drift feature as standout features of the system. With its flexibility and ease of use, firms across all business lines have been able to use the GEMS® Economic Scenario Generator for regulatory and economic capital modelling, multi-year risk modelling, risk management decision-making, Own Risk and Solvency Assessment (ORSA) reporting, asset liability management and strategic asset allocation.

The GEMS® ESG software simulates future states of the global economy and financial markets, leveraging industry-leading financial models to ensure consistency within and across economies, provides a realistic representation of extreme events, and supports effective market risk analysis with market-consistent pricing. The software includes recalibration tools that are flexible and easy-to-use when producing scenarios that reflect different stressed market conditions and in-house company views. The company incorporates extensive research and client feedback into the development roadmap for GEMS® software, in order to address a range of market issues and to enable seamless integration with clients’ risk management systems.

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About Conning’s Risk Management Software

Conning’s risk management software platform includes GEMS® Economic Scenario Generator, FIRM® Portfolio Analyzer, and ADVISE® Enterprise Risk Modeler, offering greater accuracy in financial risk modeling and providing deeper insights for decision making, regulatory and rating agency compliance, and capital allocation. In addition, the Investment Optimizer module works seamlessly within GEMS®, FIRM® and ADVISE® software to perform effective strategic asset allocation analyses and identify optimal investment strategies.


Conning ( is a leading global investment management firm with approximately $120 billion in global assets under management as of September 30, 2016.* With a long history of serving the insurance industry, Conning supports institutional investors, including pension plans, with investment solutions and asset management offerings, award-winning risk modeling software, and industry research. Founded in 1912, Conning has offices in Boston, Cologne, Hartford, Hong Kong, London, New York, and Tokyo.    

*As of September 30, 2016, represents the combined global assets under management for the affiliated firms under Conning Holdings Limited, and Cathay Securities Investment Trust Co., Ltd. ("SITE"). SITE reports internally into Conning Asia Pacific Limited but is a separate legal entity under Cathay Financial Holding Co., Ltd. which is the ultimate controlling parent of all Conning entities.


ADVISE®, FIRM®, and GEMS® are registered trademarks of Conning, Inc. Copyright 1990-2016 Conning, Inc. All rights reserved. ADVISE®, FIRM®, and GEMS® are exclusively published, licensed and owned by Conning, Inc. (Ctech: 5216145)



Teri James 
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Katrin Lieberwirth 
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