Currency Translations & Complex Structures
With ADVISE 4.0, models can now contain insurance premium and loss models, reinsurance treaties and invested assets in any currency mixture for the economies available within GEMS™, the company’s economic scenario generator. GEMS focuses on modeling the economic environment in which a company operates and includes both macro-economic and financial market variables. While ADVISE and GEMS can be used separately, together they create a powerful and comprehensive tool that can evaluate every aspect of the environment in which an insurer operates.
“Not only does the multi-currency function of ADVISE and GEMS create a complete modeling environment, but it provides companies with a unique and competitive advantage,” commented Weiss. “Companies can now more accurately simulate foreign operations and their risks by automatically generating foreign exchange conversions and measuring their effects. Additionally, this is the first time they can do this without having to obtain additional custom programming or model development.”
ADVISE4.0（先进决策与价值模拟引擎软件）目前包含保险费和保险损失模型，再保险条约和适用于GEMS™（公司经济情景产生器软件）中的经济体在任何货币组合下的投资资产. GEMS™软件侧重于模拟企业运营的经济环境,包括宏观经济和金融市场变量. ADVISE和GEMS可以分开使用,但一起使用的话，他们能成为一个强大和全面的工具,这个工具能评估保险从业者运营环境的各个方面. "ADVISE和GEMS软件的多重货币功能不仅能建立起一个完整的模拟环境,它们还可以为公司提供一个独特和有竞争力的优势",Weiss表示. “通过自动生成外汇换算和衡量其影响，公司现在可以更准地确模拟国外运营及其风险. 此外,这是他们在不用获得额外定制编程或者模型开发的前提下首次能够做到这一点.”