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AEGON UK: "OAC delivered high-quality models that give us exactly what we want. Working with OAC, we have been able to implement highly sophisticated capital management tools within Mo.net with a minimum of effort" [Read more >>]
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Mazars: "We are delighted with Mo.net which has provided us with the ideal solution to our financial modelling needs. It is easy to learn, quick to implement, powerful and very cost effective." [Read more >>]
Quantum Leben: "Mo.net is a powerful and easy to use actuarial software tool backed up by excellent service. We were able to implement sophisticated actuarial modelling tools in a short time due to Mo.net's flexible development platform." [Read more >>]
Just Retirement: "We have found Mo.net to be powerful and flexible, enabling us to model the complexities of a full 'Solvency II'-type calculation, which is undoubtedly a difficult modelling challenge." [Read more >>]
Open Joint-Stock Company "Insurance company AHML": "We chose Mo.net because it gives us the ability to implement actuarial models for our very specific products." [Read more >>]
National Friendly: "We are extremely pleased we chose OAC and Mo.net." [Read more >>]
CIG Pannonia Life Insurance: "We are very satisfied with your software and we think we made the perfect choice with Mo.net when we were looking for actuarial software." [Read more >>]
PricewaterhouseCoopers: "We asked insurers to provide an overall rating on how closely their software use meets their requirements. Mo.net scored well with a significantly higher rating than the other packages..." [Read more >>]
Groupe Mutuel Vie: "We use Mo.net for Swiss Solvency II Test and for budgeting and forecasting statutory accounts. We are very satisfied with Mo.net and we especially appreciate its straightforwardness and transparency." [Read more >>]
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Mo.net Calculation Engine - Driving high performance pre- and post-sale illustrations

The provision of accurate pre- and post-sale illustrations is critical to delivering revenue growth and supporting sales and customer servicing operations.

Flexibility and speed are also important so that companies can respond to new business opportunities and regulatory change in a timely and cost-effective manner.

Developing and maintaining such a calculation engine can be time consuming and an expensive process. Specifications written by the actuarial team are interpreted and converted into software components by the IT development team. The output from such solutions has to be tested by the actuarial team and retested whenever a change is made.

Out of the box solutions can also be limiting. Customising such solutions is slow and costly due to the need to specify business requirements to the vendor and scheduling the necessary vendor resources to implement the change.

The solution

Mo.net Calculation Engine is a highly effective solution that allows the actuarial team to rapidly build, test and deliver the calculation algorithms required within pre- and post-sale illustrations.

Once created and tested, these models are converted by Mo.net into standard Microsoft Dynamic Link Libraries (DLLs) which can be easily integrated into and called by the existing quotations infrastructure. These routines can then be used whenever an illustration is required.

The benefits

This is a proven solution for pre- and post-sale illustrations which is delivering considerable advantages where it is used.

  • Lower development costs - Mo.net's high productivity modelling environment means that actuarial teams who understand the business requirements can deliver a solution in less time and with fewer resources.
  • Flexible and responsive to business change - changes take less time to apply, test and release into production.
  • Fast calculation times - calculation models are automatically optimised for optimum performance and memory utilisation.
  • Consistency - calculation models can be used for pricing, illustration and valuations, ensuring consistency across the business.
  • Simplicity - a simple and generic API is provided that allows a single web service to cope with a variety of product types.
  • Comprehensive - the solution allows for back-dated quotes in respect of any previous version of a model.

Find out today how Mo.net can enhance your illustrations process.

 

Contact us to arrange a demonstration of Mo.net.