PathWise

Modeling Complex Financial Risk and Guarantees

Forward-thinking life (re)insurers and pension providers strive to manage complex products better and drive profitable growth while navigating rapidly changing regulatory and reporting requirements. However, a quilt-work of disconnected software means firms are facing performance and operational issues with legacy systems, time-consuming and error-prone manual tasks and unverifiable black-box logic that limit detailed and rigorous analysis.

To ensure market risks are identified and the costs of guarantees measured accurately, actuarial projections now require more simulation to model complex financial risks and guarantees. Therefore, higher computing power is needed, increasing both computing costs and processing time for many businesses.

How PathWise Can Help

PathWise® is an end-to-end, high-performance computing platform with automated modeling and analytics to solve business goals for better-informed decision-making. PathWise® allows companies to access next-generation technology to rapidly solve today’s key challenges, such as reserving, pricing, capital management, hedging and asset liability management (ALM).

Powered by next-generation technology, Aon’s PathWise® is a cloud-enabled, scalable enterprise solution for today’s key insurance challenges. Compared to other actuarial software, PathWise® is up to a thousand times faster when processing computation-intensive jobs. This is because it uses parallel processing via GPUs.

PathWise® requires much less hardware and resources to process results, cutting a company’s computing costs.

How We Work with Clients

1. The Discovery phase explores and documents the requirements for the solution.
2. We then Develop a detailed model definition document and implementation plan including the user interface, governance and workflow requirements.
3. We Deliver by integrating the software into the client's wider ecosystem.
4. Lastly, we Review to fully test and ensure that the benefits have been delivered to the client.