The Tillinghast business of Towers Perrin released a new actuarial software application, TAS-MoSes, to help insurers gain competitive advantage and satisfy forthcoming regulatory requirements.
TAS-MoSes software uses the MoSes financial modeling software platform offered by Tillinghast. Applications are fully transparent, allowing insurers to see the actual code used to make the calculations, trace the calculations, and ease audit ability. The MoSes platform also supports distributed processing and grid computing technology to provide scalability for large projection tasks.
"Our clients look to us to provide quality solutions using reliable techniques they can trust," says Jack Gibson, managing principal of Tillinghast's North America life practice. "TAS-MoSes represents a significant investment by Towers Perrin to help our clients stay at the forefront of innovation in managing risk and capital."
TAS-MoSes provides comprehensive actuarial analysis and reporting for typical life insurance and annuity products marketed in the U.S. This application can be used for a variety of tasks, including product development, pricing, valuation, cash flow testing, and liability and asset/liability modeling on both a statutory and GAAP basis.
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