DFA Capital Management, a provider of financial analysis software solutions to the insurance industry, announced the release of ADVISE version 3.11 for production use worldwide. This latest release introduces collateralized mortgage obligations (CMOs) as a modeled asset class and features enhancements that increase accuracy and coverage for both U.S. and European users.
“We introduced version 3.0 in 2002 to provide customers with enterprisewide software that would enable them to make better business decisions in the complex world of insurance,” says David Weiss, CTO of DFA. “Now, we’ve added major functionalities for our users and are looking toward to the spring 2007 release of ADVISE 4.0. We continue to enhance our product to fulfill our customers’ needs and provide them with greater value.”