Insurers can receive an improved view of risk related to their assets and liabilities through the launch of SunGard's updated insurance asset-liability management capability. The iWorks Prophet Asset Liability Strategy (ALS) library helps insurers make investment decisions at a time when many carriers are rebalancing their asset portfolios to enhance business results.
James Knight, vice president and actuary for MetLife's actuarial modeling group believes SunGard's ALS library is helping MetLife build flexible solutions that allow the carrier's existing liability models to become dynamic asset-liability models.
"The ALS models are used in solvency calculations and are an integral part of our risk management framework," says Knight. "The ALS Library helps give us the power to more fully understand the risks we face and better manage the business to strive for optimal results."
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