mSII - New modelling concept

In view of the requirements of Solvency 2 Model IT has developed the mSII computing technology. Model IT offers insurance companies an unprecedentedly exact and explicit overview of their business. The analysis is based on fully stochastic policy-by-policy Monte Carlo simulation of claims, customer behavior and capital markets.

mSII Key Features

Fast Policy-by-policy Monte Carlo simulation for insurance contracts

  • All risk sources are simulated
  • Supports cloud computing

Market consistent valuation of assets and liabilities during simulations

  • Based on user provided economic scenarios

Management action simulation based on simulated balance sheets

  • Including asset allocation changes, extra benefits, dividends, …

Supports implementation of Solvency II standard model* and development of own internal model

  • Allows MCEV and SCR calculations

Same model can be used for real world risk management

  • Including own risk and solvency assessment (ORSA)

* mSII supports only forward looking calculations, i.e. it is not possible to calculate SCR for non-life insurers under the standard model.
 

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