DFA Capital Management Inc. has recently launched ADVISE 4.0 (Advanced Decision and Value Simulation Engine). The latest version of this modeling software includes the ability to accurately reflect complex business structures, provide insurance premiums and loss models, reinsurance treaties, and invested assets in multiple currencies.

ADVISE allows risk managers and actuaries to analyze their lines of business by simulating risk scenarios that could impact them. The software can be used with the company’s economic scenario generator, GEMS, to create a tool that will evaluate every aspect of an insurer’s operational environment. The program also updates to reflect recent changes in S&P’s capital requirement formulas, including catastrophe loss exposure and diversification benefits. ADVISE 4.0 is designed to allow companies to companies to start with focused installations and later deploy additional modules as needed.

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