AXIS Module - Regular Life

The Regular Life Module models non-participating life insurance products and has a limited capability to model some simple dividends. Uses of the AXIS Regular Life Module include:

• Pricing and design
• Valuation
• Financial Statements
• Statistics on number of lives and total face amounts
• Cashflow projection and testing
• Surplus adequacy testing
• Required Surplus
• Embedded Value and appraisal
• Asset liability management
• Stochastic analysis
• Margin analysis
• NAIC Financials
• US GAAP Financials

The AXIS Regular Life Module contains a comprehensive collection of features for modeling Traditional Insurance policies and benefits, including:

• Return of Premium options
• Paid-up Value options
• Multiple reinsurance treaties
• Modeling policy riders with base policy
• Multiple Life policies and multiple decrement assumptions
• Policyholder behaviour modeling
• Cash values calculated using various reserve formulas including US non forfeiture rules.

Additionally, the AXIS Regular Life Module supports many reserves methods, including:

• Principles-Based Valuation (US)
• Policy Premium Method (PPM)
• US GAAP (SFAS60, SFAS97)
• CRVM (XXX, NY Reg 147)
• US NLP
• Zillmer

Up to 6 reserve bases may be run simultaneously.