In today’s video blog, Jim Jockle, Numerix CMO and Saul Stepner, Managing Director of Americas Sales examine the complex challenges insurance companies are facing, and the innovative solutions they are successfully implementing in today’s market. From rapid product design, to the tools to effectively risk manage and hedge complex life and annuity products Saul discusses how stochastic analysis, hedge projection strategies and fast computation methods can be leveraged to achieve greater consistency and transparency across Asset Liability Management programs.
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Video Transcript: Insurance Risk Management: Managing Today's Big Data, Compute and Modelling Challenge
Jim Jockle (Host): Hi welcome to Numerix Video Blog. I’m your host Jim Jockle. With me today, Saul Stepner, Managing Director of Americas Sales. Saul how are you?
Saul Stepner (Guest): Excellent Jim, how are you?
Jockle: Very good. Saul I want to talk to you. Saul by background is quite an expert in insurance and I want to pick your brain on a couple of topics today. Mainly, post 2008, two things we’re continuing to see. Number one, a return of rise of interest rates. Number two, availability of investment funds. Under the assets of the management are continued to grow for many institutions. How are insurance companies reacting to these two market events?
Stepner: Sure so you’ve touched on a few very important points here. The rise of interest rates and really the rise in consumer confidence out there. It’s creating a lot more wealth and a lot more consumers who want to put money into retirement solutions. So insurance companies are thinking about this and they’re actually putting a lot of plans into action.