SIGNAL IDUNA Group, Germany’s insurance and financial services companies, has signed a multi-year license agreement with Conning’s GEMS Economic Scenario Generator to enhance the company’s economic and financial modeling capabilities.
SIGNAL IDUNA selected Conning for the quality and precision of their financial modeling scenarios, following an in-depth competitive evaluation.
Conning’s GEMS Scenario Master is a general purpose Economic Scenario Generator that enables users to simulate future states of the global economy and financial markets.
GEMS Scenario Master is used for applications such as Solvency II, economic capital modeling, market consistent embedded value calculations, stochastic liability and capital valuation, and product design.
SIGNAL IDUNA project manager of Solvency II Andreas Grundemann said an additional critical argument is the GEMS Target Parameterization Tool, which allows to precisely and efficiently calibrate the models according to our own needs.