Moody's AXIS^TM Actuarial System

The AXIS Actuarial System is a comprehensive actuarial modeling system for life insurance companies that provides a complete and seamless integration of pricing, valuation and modeling. It is used by life insurers, reinsurers, and consulting firms for many different actuarial functions including pricing, reserving, asset and liability management (ALM), financial modeling, capital calculations, and hedging.

The system produces detailed monthly cash flows covering a full product lifetime of up to 100 years, reflecting all contractual benefits and the underlying reinsurance arrangements. Projected new sales are added to seriatim or modeled inforce enabling realistic projections of monthly, quarterly or annual financial results on a true calendar basis. The system supports multiple financial and regulatory frameworks from multiple geographic jurisdictions simultaneously, including solvency capital measures and income taxes. Stochastic calculations are integrated and supported in multiple nested layers according to application.

The system is more than an actuarial analytic modeling tool. It is a full systems solution that extends from business data capture to advanced reporting and presentation of results. It addresses enterprise needs including the management of models and modeling team roles, in a well-governed and controlled environment, and the automated, end-to-end execution of large corporate models with optimal efficiency and total run time performance. The system comes with a full-service package that ensures model developers can be productive, can understand how the software operates and produces its results, and be confident that the total solution will be continually improved to address changing needs.

The system permits modeling of a wide variety of life insurance, disability and health insurance and annuity products along with invested assets. It models both the direct business issued by insurers and simultaneously models the associated reinsurance arrangements.

We deliver one system for all purposes. This comprehensive single-product philosophy helps us deliver a powerful, fast, flexible solution and ensure the highest integrity, validity, ease of use and consistency of results, both between different users, and from year to year.

The system can be many things at the same time: a rugged, controlled production reporting engine shared by a team, a flexible investigative tool for single user research and ad hoc analysis, and a model testing and validation workhorse.

The system is designed for performance. It is professionally developed and designed to deliver what users need while making them more effective and productive. It is continually being enhanced by a large team of dedicated professionals. As a professionally developed software solution, the system delivers ready-to-use functionality out-of-the-box, addressing the need for both flexibility and fast model development at the same time.

Technology in the system is state of the art, with unique database management functionality and scalable architecture for optimum speed, yet it operates on industry standard PC's, servers, and operating systems, whether on site or in the cloud.