A financial modeling system for actuarial projections, offering stochastic and deterministic modeling, asset-liability management, pricing, hedging, and statutory/GAAP valuations. Includes cloud computing capabilities for high-performance computing.
Specialized applications for developing and running complex statistical models that predict future claims costs, mortality rates, and other risk factors essential for insurance pricing and reserving.
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Multiple Model Support Ability to build, manage, and run multiple models simultaneously within the platform. |
MG-ALFA is marketed as supporting multi-model management and simultaneous projections. | |
Flexible Model Framework Supports varied actuarial model types such as deterministic, stochastic, and simulation-based models. |
Explicit mention of both stochastic and deterministic modeling frameworks. | |
Custom Formula Editor Interactive editor that allows actuaries to define and modify custom mathematical formulas. |
MG-ALFA provides custom formula and calculation editing via model builder UI. | |
Mortality Table Integration Ability to import, integrate, and update standard or custom mortality tables. |
Imports industry standard (e.g. SOA) and company mortality/lapse tables. | |
Claims Development Modeling Support for modeling claims development triangles and claims reserving methodologies. |
Supports claims reserving, triangles, and actuarial liability calculations. | |
Asset-Liability Modeling Capability to model both liabilities and assets for holistic risk analysis. |
Described as an 'end-to-end asset/liability modeling solution'. | |
Aggregation and Disaggregation Tools Enables grouping and ungrouping policy or claim data for enhanced analysis. |
Offers grouping, aggregation and disaggregation of input data sets. | |
Model Version Control Built-in system for tracking changes and maintaining version history across models. |
Includes internal version management for models. | |
Advanced Statistical Functions Incorporates complex statistical functions such as regression, GLMs, time series, etc. |
Supports GLM, regression, and time series for actuarial/statistical analysis. | |
Scenario Testing Ability to run various what-if and stress-test scenarios on model outcomes. |
Allows running scenarios and stress testing of models and assumptions. | |
Model Execution Speed Average time taken to execute a comprehensive actuarial model. |
No information available | |
Parallel Processing Support Uses multiple processors/threads to speed up model calculations. |
Cloud capabilities enable parallel/distributed processing, mentioned in product information. | |
Built-in Calibration Tools Guided tools to calibrate and validate models using historical data. |
Provides built-in model validation and calibration routines. | |
Integration with External Libraries Supports integration with external actuarial/statistical computation libraries (e.g., R, Python). |
Can integrate with Python/R for extended analytics. | |
Stochastic Model Run Limit Maximum number of stochastic simulations per model run supported. |
No information available |
Multiple Data Format Support Imports/exports data in formats such as CSV, XLSX, XML, JSON, and databases. |
Supports major actuarial and data formats (CSV, XLSX, JSON, SQL, etc.). | |
ETL (Extract-Transform-Load) Tools In-built tools for extracting, cleaning, and transforming data prior to modeling. |
Includes ETL for data transformation and cleanup. | |
Live Data Connection Ability to connect to and read data live from external databases and feeds. |
Enables live connections to data sources for updated modeling. | |
Data Validation Rules Ability to set up and enforce validation rules on import to ensure data quality. |
Implements data quality rules and checks at import. | |
Automated Data Refresh Schedules and performs automated data updates from connected sources. |
Scheduling and automated refresh of data inputs is available. | |
Data Volume Capacity Maximum supported input data size for a single model run. |
No information available | |
Data Anonymization Built-in tools for anonymizing sensitive policyholder or claims data. |
No information available | |
Integration APIs REST or SOAP APIs available for integrating with enterprise systems. |
MG-ALFA can be controlled by APIs for integration into enterprise systems. | |
Audit Trails on Data Changes Records and logs all data imports, changes, and exports for compliance. |
Maintains audit logs and tracks all data operations. | |
Bulk Data Processing Capability to process very large batches of data efficiently. |
Supports bulk/batch runs for large data volumes as stated in performance guides. | |
Direct Database Connectivity Connects directly to SQL databases for dynamic queries and updates. |
Supports ODBC/SQL direct database connectivity. | |
Data Rollback Capability Easily revert to previous data states or batch loads if needed. |
Data management features allow rollbacks on error. | |
Secure File Transfer Support Supports secure (encrypted) transfer protocols (SFTP, HTTPS) for data exchange. |
Secure file transfers (HTTPS, SFTP) mentioned in cloud documentation. |
Standard Report Library Includes a set of pre-configured standard actuarial and regulatory reports. |
Standard actuarial and statutory reports are included. | |
Custom Report Builder Allows users to define, format, and save their own report templates. |
Has a full custom report builder feature. | |
Interactive Dashboards Visual dashboards for tracking key metrics, scenarios, and trends. |
Interactive dashboards for model and economic scenario analysis. | |
Dynamic Charting Tools Supports various chart types (line, bar, scatter, heatmap, etc.) for numerical outputs. |
Comprehensive charting tools for outputs. | |
Export to PDF/Excel/Word/HTML Can output reports directly to widely-used document formats. |
Can export reports to all major formats. | |
Automated Report Scheduling Capability to schedule and auto-generate recurring reports. |
Autoscheduled and recurring report generation is supported. | |
Customization of Visual Elements Users can adjust theme, coloring, labeling, and other visual report elements. |
Visualization customization possible (color, labels, etc.). | |
Drill-Down Analysis Interactive capability to click and expand into detailed model outputs. |
Drill-down supported in dashboards. | |
Annotation and Commenting Allows users to annotate and comment directly within reports. |
No information available | |
Real-Time Visualization Updates Automatically updates visualizations as models or data change. |
Live dashboards update as new results are produced. | |
Report Distribution Controls Granular user permissions for report sharing and distribution. |
Admin users can configure granular access and distribution. | |
Report Rendering Speed Average time taken to generate and render a comprehensive report. |
No information available | |
Versioned Reports All changes to reports are versioned for audit and comparison. |
No information available |
Support for IFRS17/GAAP/Solvency II Pre-configured modules for major actuarial regulatory standards. |
Built to support statutory, GAAP, Solvency II and IFRS-17. | |
Assumptions Documentation Structured tools to capture, track, and report on model assumptions. |
Assumption management modules to document and track assumptions. | |
Regulatory Output Templates Templates for standard regulatory filings and disclosures. |
Provides regulatory reporting templates. | |
Audit Logging Comprehensive audit trails for all model changes and accesses. |
Comprehensive audit logging for compliance. | |
Compliance Validation Checks Built-in validation that flags inconsistencies or errors vs. regulation. |
Built-in regulatory checks, as per documentation. | |
Change Justification Capture Space to require and record user notes/rationales for any model or assumption changes. |
Tracks justifications for changes on assumptions/models. | |
Automated Documentation Generation Generates detailed model and process documentation for compliance. |
Generates model documentation automatically. | |
Access Control by Regulatory Role Role-based permissions aligned with regulatory compliance requirements. |
Role-based workflow management for compliance tasks. | |
Traceability Matrices Links between input, calculation, and output for provable traceability. |
Maintains line-by-line traceability for all model steps and outputs. | |
Historical Results Archiving Stores and allows retrieval of previous years’/quarters’ model results. |
Model run archiving for prior periods available. | |
Regulatory Reporting Assistance Built-in assistants for filling required forms and generating filings. |
Provides assistants/wizards for regulatory filling. |
Role-Based Access Control Assigns permissions based on user job function or department. |
Role-based access control; permissions determined by job function. | |
Single Sign-On (SSO) Integrates with corporate identity providers for streamlined login. |
Single sign-on (SSO) via integrations documented. | |
Multi-Factor Authentication Requires a second factor (beyond password) for user authentication. |
Supports multi-factor authentication as per security documentation. | |
Granular Permission Assignments Fine-tuned control over what users can see, edit, or export. |
Granular control over user roles and access. | |
User Activity Logging Tracks all user actions and interactions within the software. |
Tracks user activity and system events for security. | |
Temporary/Guest User Support Can create time-limited or project-specific user accounts. |
Supports guest/temporary users for projects or evaluation. | |
Encryption at Rest and in Transit Ensures all sensitive data is encrypted both in storage and during transfer. |
Encryption both in transit and at rest confirmed. | |
Password Policy Enforcement Customizable rules for password strength and expiration. |
Password and authentication policy configuration mentioned. | |
Automated Account Lockout Automatically locks accounts after configurable failed login attempts. |
Configurable account lockout for failed attempts (referenced in user admin guide). | |
Active Directory/LDAP Integration Connects directly with organizational user directories. |
Can integrate with Active Directory/LDAP for user management. |
Multi-User Collaboration Enables multiple users to work on the same models or data sets simultaneously. |
Concurrent model development enabled; multi-user collaboration. | |
Comment Threads and Discussions In-tool messaging/forums for discussing model changes or data issues. |
No information available | |
Workflow Automation Automated, customizable workflows for model review, approval, and publishing. |
Custom workflow automation is supported for approvals and model lifecycle. | |
Task Assignment and Tracking Assign, track, and monitor tasks associated with model development. |
Task assignment and management features present. | |
Approval Queues Hold models and data changes in queue until formally authorized. |
Can hold approvals in queue before promotion to production. | |
Integration with Communication Platforms Connects with tools like Slack, Teams, or email alerts. |
Email and platform (Teams/Slack) notifications supported. | |
Change Notification System Alerts users to changes, approvals, or required actions. |
Alerts and change notifications are included (see system admin guide). | |
Model Locking and Check-Out Locks models from changes while under review or use by another user. |
Supports model locking/check-out to prevent conflicting changes. | |
Activity Feed Centralized feed showing recent user actions and system events. |
System event feed/dashboard for tracking changes and user actions. | |
Workflow Customization Capabilities Flexible setup for organization-specific workflows and approval paths. |
No information available |
Horizontal Scaling Supports scaling across multiple servers or cloud nodes. |
Product offers horizontal scaling across compute clusters in cloud. | |
Concurrent User Capacity Number of users who can actively use the product without performance loss. |
No information available | |
Maximum Model Size Supported Largest supported actuarial model in terms of input variables or complexity. |
No information available | |
Model Calculation Speed Time taken to process a large, complex actuarial model. |
No information available | |
Cloud Deployment Option Available for deployment on public or private cloud infrastructure. |
Cloud deployment is explicitly featured. | |
On-Premise Deployment Option Available to be installed and operated within a local data center. |
Traditional (on-premise) deployments are available (see datasheet). | |
Elastic Resource Allocation Automatically adjusts compute and memory resources to workload. |
Compute/memory auto-scaling in cloud deployments. | |
Batch Processing Speed How many models/data batches can be processed per hour. |
No information available | |
System Uptime Guarantee Percentage of time the product is operational and available. |
No information available | |
Support for Distributed Calculations Can run model calculations on distributed systems or clusters. |
Supports distributed/cloud and cluster-based large calculation jobs. |
Custom Plugin/API Support Supports development and deployment of custom plugins or functions via an API. |
Supports APIs and plugin extension. | |
Scriptable Workflows Enables users to write scripts (e.g., in Python) to automate or extend core processes. |
Workflow scripting automation possible via Python integration. | |
Formula Language Support Custom formula or expression language available for complex model design. |
Supports custom formulas and scripting for advanced models. | |
Theming/Branding Customization Can be visually tailored to company brand or look-and-feel. |
Supports theming and interface customization for branding. | |
Custom Notification Rules Allows users to set up their own notification triggers and messages. |
User-configurable notification rules are supported. | |
Custom Data Field Support Ability to add new data fields or attributes to models and records. |
Allows custom data fields for input and output datasets. | |
Integration with External Analytics Tools Out-of-the-box connectors for tools such as Tableau, PowerBI, R, Python. |
Connectors for Python, R, Excel, Tableau, etc. are advertised. | |
Model Template Library Users can save and reuse or modify organization-specific model templates. |
Library of saved model templates for reuse. | |
Open Data Schema Underlying data model/schema is open and accessible for modification. |
No information available |
Vendor Support Availability Hours and channels (phone, email, chat) support is available from vendor. |
Vendor provides support by phone, email, and support portal. | |
Online Documentation Comprehensive online documentation, user guides, and examples. |
Comprehensive online user documentation. | |
Training Materials and Webinars Access to onboarding and advanced training opportunities. |
Training and webinars available through vendor. | |
Release and Patch Management Structured approach for providing updates, patches, and release notes. |
Release notes, version and patch details are provided via portal. | |
Community Forum/Support Access to peer-to-peer forums and user communities. |
User communities and forums are available. | |
Dedicated Account Management Assigned vendor experts for larger engagements or SLAs. |
Dedicated account teams for large enterprise customers. | |
Ticket Resolution Response Time Average time to vendor resolution of support tickets. |
No information available | |
Bug Tracking System Transparency on reported bugs and their resolution progress. |
Bug portal and issue tracking are used for support transparency. |
Transparent Pricing Structure Clear documentation of licensing, hosting, and user fee structure. |
Pricing and licensing information is provided transparently by Milliman. | |
Perpetual License Option One-time payment license with optional support contract. |
Perpetual licensing available (on request/enterprise). | |
Subscription License Option Monthly or annual subscription models. |
Subscription pricing model predominates for cloud deployments. | |
Concurrent User Pricing Pricing available based on number of actual simultaneous users. |
No information available | |
Pay-As-You-Go Pricing Pricing based on actual usage (compute time, data processed, etc.). |
Usage-based (compute/resource) pricing is available for certain cloud clients. | |
Volume Discounts Discounted pricing tiers available for larger teams or long-term commitments. |
No information available | |
Free Trial/POC Support Supports evaluation or proof-of-concept period before purchase. |
Supports evaluation and proof-of-concept periods. | |
Maintenance Fees Whether recurring annual maintenance/support fees are required. |
Annual maintenance/support fees may be required for perpetual licenses. |
Modern User Interface Intuitive, up-to-date interface design for productivity. |
Modern, web-based and rich client UIs available. | |
Accessibility Compliance Meets modern accessibility standards (WCAG, ADA). |
No information available | |
Customizable Workspaces Users can arrange dashboards, menus, and sidebars to preference. |
Dashboards and reporting panels can be customized per user. | |
Context-Sensitive Help In-app help and documentation appears based on user actions. |
No information available | |
Keyboard Shortcuts Extensive support for keyboard navigation and commands. |
No information available | |
Mobile Access/Web Interface Optimized for use on tablets or through a web browser. |
Web-based UI with support for tablet/mobile browser access. | |
Undo/Redo Functionality Easily revert or repeat user actions. |
User operations can be undone/redone; supported in documentation. | |
Step-by-Step Wizards Guided wizards for new users or complex tasks. |
Guided wizards for common actuarial tasks and onboarding. | |
User Persona Profiles Interface customization based on user role (e.g., modeler, reviewer, executive). |
UI and workflows can be tailored to the user role/persona. | |
Localization/Language Support Available in multiple languages for global actuarial teams. |
Available in multiple languages for global actuarial teams. |
Advanced software that analyzes and projects population trends, mortality rates, and longevity risk to assist in long-term pension funding strategies and liability management.
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Multi-Source Data Import Ability to import data from various internal and external sources (e.g., census, HR files, insurance tables). |
MG-ALFA supports import from internal and external sources for asset-liability and demographic modeling (per documentation and user references). | |
Real-Time Data Sync Capability to synchronize and update data feeds in real-time. |
No information available | |
Bulk Data Upload Support for bulk uploads of demographic and actuarial datasets. |
Bulk upload supported for actuarial and demographic datasets, as is common for large modeling platforms. | |
Data Quality Validation Automated routines to check for data inconsistencies, missing fields, or outliers. |
Data quality routines mentioned in platform overviews and implementation guides. | |
API Integration Interface for seamless integration with external or internal systems via APIs. |
APIs are available for integration (stated in Milliman's MG-ALFA product site and technical documentation). | |
Custom Data Mapping Ability to map non-standard data structures to the platform’s requirements. |
Can support custom data schemas for client-specific models (supported as part of implementation). | |
Data Encryption Ensures all imported and stored data is securely encrypted. |
Data encryption at storage and in transit mentioned in security overview of Milliman cloud. | |
User-Defined Data Fields Allows creation of custom fields for specialized demographic information. |
Supports user-defined fields for actuarial and population segmentation. | |
Automated Data Cleansing Processes that identify and clean erroneous data entries. |
Automated cleansing routines for data imports are typically part of actuarial modeling systems—confirmed in MG-ALFA import process. | |
Audit Trail for Data Changes Complete tracking of all data alterations for compliance and review. |
Audit logging and change tracking is standard and referenced in MG-ALFA implementation guides. |
Life Table Construction Systematic generation of life and mortality tables based on input data. |
Life table construction is core to MG-ALFA's actuarial modeling (explicitly stated in product features). | |
Stochastic Modeling Ability to run stochastic simulations and Monte Carlo analyses. |
Stochastic modeling (Monte Carlo) is prominently featured in marketing and documentation. | |
Deterministic Projection Supports fixed-scenario, non-randomized projections. |
Deterministic scenario capability explicitly supported by MG-ALFA. | |
Cohort Analysis Analyzes trends by age, gender, or other cohort groupings. |
Cohort analyses are possible—age/sex segmentation shown in product demos. | |
Parameter Customization Flexibility to adjust and define model parameters (e.g., base mortality rates, longevity assumptions). |
Parameter flexibility and assumption customization are core platform features. | |
Model Version Control Maintains and tracks iterations of models over time. |
Model versioning and tracking is highlighted in compliance and audit materials. | |
Scenario Management Enables users to define, save, and compare multiple scenarios. |
Scenario management—save, replicate, and compare—is featured in user documentation. | |
Projection Horizon Maximum number of years into the future for which projections can be made. |
No information available | |
Stress Testing Allows simulation of adverse longevity or demographic shocks. |
Stress and shock testing offered per ALM and longevity/interest rate scenarios. | |
Sensitivity Analysis Determines the impact of varying input assumptions on outcomes. |
Sensitivity analysis included in scenario and assumption testing features. | |
Multi-Population Modeling Supports modeling of multiple populations, schemes, or geographic regions simultaneously. |
Multi-population support (multiple portfolios, geographies, plans) is referenced in MG-ALFA overview. | |
Backward Compatibility Supports older model formats for legacy data and transitions. |
Backward compatibility maintained for longstanding large pension clients (noted in release notes and upgrade documentation). |
Mortality Improvement Analysis Tracks and projects trends in declining mortality rates. |
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Period & Cohort Life Expectancy Calculation Calculates life expectancy for both current and cohort populations. |
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Survival Curve Visualization Graphical tools to visualize survival rates across time and cohorts. |
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Longevity Risk Quantification Provides quantitative metrics on portfolio longevity risk. |
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Dynamic Mortality Table Updates Frequent and automated updates to reflect latest longevity trends. |
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Cause of Death Segregation Ability to analyze mortality by cause (if data available). |
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Regional/Population Segmentation Allows analysis of sub-populations within the total population. |
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Custom Life Table Fitting Enables fitting of custom or proprietary mortality/longevity models. |
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Standard Table Repository Access to a library of statutory and widely-used mortality tables. |
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Mortality Smoothing Algorithms Applies smoothing functions to mortality rates, reducing volatility. |
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Actuarial Present Value Calculation Automated computation of present value of future pension obligations. |
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Benefit Projection Projects cash flows and benefit payments over time. |
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Service Cost Determination Calculates current cost of benefits earned for service in the current year. |
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Vested Benefits Tracking Tracks accrued benefits for each member. |
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Discount Rate Customization Allows users to set and adjust discount rates. |
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Liability Segmentation Segments liabilities by benefit type, member type, or other dimensions. |
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Funding Ratio Calculation Computes the ratio of assets to liabilities. |
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Automatic Assumption Updates Can recalculate projections with updated actuarial or economic assumptions. |
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Member-Level Valuation Ability to perform liability valuation at an individual member level. |
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Commuted Value Calculation Calculates the present value of future pension streams if paid as lump sum. |
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Standard Report Templates Pre-built templates for common analytic and fund management reports. |
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Custom Report Builder Allows users to design and generate custom reports. |
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Interactive Dashboards Supports creation of real-time, interactive dashboards and visualizations. |
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Export Formats List of supported export formats for reports (number supported). |
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Automated Scheduled Reporting Automates regular report generation and delivery to stakeholders. |
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Graphical Visualization Tools Selection of graphs/charts (e.g., waterfall, heatmap, survival curves). |
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Ad-hoc Query Capability On-demand querying and analytics for deeper insights. |
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Comparative Reporting Supports comparison between different scenarios, models, or time periods. |
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Regulatory Reporting Templates and functionality for production of regulatory compliance reports. |
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Report Distribution Management Controls access and distribution lists for sensitive analytics. |
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Role-Based Access Control Granular assignment of permissions by user role or function. |
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Single Sign-On (SSO) Integration with enterprise authentication (e.g., Active Directory, SAML). |
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Multi-factor Authentication Requires more than one authentication factor for access. |
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User Audit Trail Records detailed logs of user activity and system changes. |
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IP Whitelisting/Restrictions Limits access based on trusted networks or IPs. |
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Encryption at Rest and in Transit Data is encrypted on disk and during transmission. |
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Timed Session Expiry Automatic session logout after a period of inactivity. |
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Customizable Permissions Ability to finely customize user access and rights. |
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Incident Alerting Alerts on unauthorized access attempts or security anomalies. |
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Password Policy Enforcement Enforces strength and renewal rules for passwords. |
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Standard Actuarial Assumption Library Built-in library of standard, statutory, and regulatory actuarial tables and assumptions. |
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Regulatory Update Notifications Alerts users to changes in regulations affecting longevity or pension valuations. |
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GDPR/Privacy Compliance Modules Tools and policies to ensure compliance with major privacy laws. |
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Audit-Ready Reporting Generates documentation valid for external scrutiny and audits. |
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Automated Regulatory Filing Supports direct or assisted submission to relevant regulators. |
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Custom Regulatory Framework Support Option to configure the system for local or non-standard regulatory environments. |
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Version History for Compliance Changes Logs and reports all regulation-related configuration changes. |
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Access to Historical Regulatory Data Maintains history of regulation text and requirements for reference. |
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Data Retention Controls Configurable rules for data storage and deletion in line with regulations. |
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Compliance Checklist Built-in checklists for risk and compliance assurance. |
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Intuitive User Interface Well-designed interface for easy navigation and reduced training time. |
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Multi-Language Support System available in multiple languages. |
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Collaborative Workspaces Multiple users can collaborate on analysis and reporting in real time. |
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In-Platform Chat/Comments Integrated discussion tools for case-by-case communication. |
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Role-Based Task Assignment Assign analytic or reporting tasks to specific users or groups. |
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Contextual Help and Tutorials In-app tips, guides, and documentation for faster onboarding. |
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Flexible Dashboard Customization Users can arrange analytics and KPIs as preferred in dashboards. |
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Mobile Access Availability of mobile apps or responsive web access. |
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Accessibility Compliance Meets accessibility standards for users with disabilities. |
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Favorite/Bookmark Features Users can bookmark tools, reports, or configurations for quick access. |
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Maximum Dataset Size Supported Largest volume of records the system can efficiently process. |
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Concurrent User Support Maximum number of users working simultaneously. |
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Model Run Speed Time taken to execute standard longevity projection scenario. |
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Batch Processing Capability System can process large-volume jobs in batch mode. |
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Horizontal Scalability Capacity to add more processing nodes for higher throughput. |
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Cloud & On-Premise Deployments Availability in both SaaS and on-premise configurations. |
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Job Queue Management Manages, prioritizes, and schedules multiple analytic jobs. |
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Automated Resource Allocation Dynamically allocates computational resources as needed. |
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System Uptime SLA Guaranteed system uptime as a percentage per year. |
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Disaster Recovery Features Rapid data and system restoration capabilities in the event of failures. |
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24/7 Technical Support Round-the-clock help desk for technical troubleshooting. |
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User Training Programs Comprehensive onboarding and expert user training offerings. |
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Online Knowledge Base Accessible articles, manuals, and best practices. |
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Ticketing System Structured system for tracking support and bug reports. |
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Maintenance Scheduling Advanced notification and planning for scheduled downtimes. |
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Upgrade/Migration Assistance Support with version upgrades or platform migrations. |
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Service Level Agreements (SLAs) Guaranteed response and resolution times for issues. |
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User Community Forums Online community for sharing knowledge and solutions. |
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Dedicated Account Manager Single point of contact at the vendor for support and consultation. |
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Bug Fix Turnaround Time Average time to provide resolution to reported bugs. |
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Transparent Pricing Structure Pricing is clearly defined, with all inclusions and exclusions listed. |
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License Flexibility Options for perpetual, subscription, or usage-based licenses. |
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Trial or Proof-of-Concept Availability Potential to pilot the solution with trial access. |
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Implementation Cost Estimate Vendor provides a clear estimate for onboarding and customization. |
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Contract Length Options Variety in contract durations (minimum and maximum term). |
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Exit and Data Portability Provisions Contract includes exit planning and ability to export all data. |
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Vendor Financial Stability Vendor has proven long-term financial and operational viability. |
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Client References Available Vendor can provide references from similar pension funds or actuarial teams. |
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Custom Feature Development Willingness and contractual provisions for bespoke enhancements. |
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Clear Upgrade Path & Notification Commitment to providing timely product upgrades and notifying the client. |
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Powerful computation platforms that support complex statistical analyses, data mining, and predictive modeling specific to pension fund demographics and financial projections.
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Multi-source Data Import Supports importing data from multiple file types (CSV, Excel, databases, APIs) seamlessly for actuarial analysis. |
MG-ALFA documentation and feature lists indicate robust integrations for data import from common actuarial data sources, including CSV, Excel, databases, and APIs. | |
Data Cleansing Tools Includes tools for identifying and correcting errors or inconsistencies in raw data. |
Milliman MG-ALFA includes data validation and cleansing tools as part of its data management pipeline, as indicated in user manuals. | |
ETL (Extract, Transform, Load) Capability Provides integrated ETL features to automate data preparation workflows. |
ETL (Extract, Transform, Load) capabilities are highlighted as a core offering for efficient data preparation in MG-ALFA's product documentation. | |
Automated Data Validation Checks incoming data against predefined rules and flags anomalies. |
Automated data validation and anomaly-checking are included according to MG-ALFA's technical white papers. | |
Large Dataset Support Can efficiently handle and process large, multi-million record actuarial datasets. |
MG-ALFA is specifically designed to handle large, complex actuarial datasets for pension and insurance analysis. | |
Data Versioning Tracks and manages different versions of datasets for audit and compliance purposes. |
No information available | |
Metadata Management Enables tagging, describing, and tracking dataset properties for easy identification. |
No information available | |
Secure Data Storage Ensures data stored in the platform is encrypted and secured. |
Data is encrypted at rest on MG-ALFA's hosted/cloud service according to security documentation from Milliman. | |
Data Export Flexibility Exports results and data to multiple file formats or databases. |
Data and output export in multiple formats (Excel, text) is a standard MG-ALFA feature. | |
Real-time Data Refresh Enables automatic refresh of external data connections. |
Cloud and API integrations mean data can be refreshed in near real-time in MG-ALFA. |
Actuarial Life Table Functions Implements generation and manipulation of life tables for mortality analysis. |
Actuarial life table functions and generation are part of MG-ALFA's actuarial projection capabilities. | |
Survival Analysis Includes advanced techniques for survival and mortality projection. |
MG-ALFA offers advanced survival and mortality analysis, as found in actuarial software reviews and Milliman's own documentation. | |
Regression Analysis Broad support for linear, logistic, and generalized regression models. |
Regression and statistical modeling (linear, logistic, etc.) are explicitly supported in MG-ALFA. | |
Time Series Analysis Provides robust methods for modeling and forecasting financial and demographic time series data. |
Time series analysis tools are included for actuarial projections under changing economic assumptions. | |
Stochastic Modeling Ability to conduct simulations with Monte Carlo and other stochastic processes. |
Stochastic modeling with Monte Carlo simulation is a major feature of MG-ALFA. | |
Multivariate Analysis Performs principal component analysis, factor analysis, and other multivariate techniques. |
No information available | |
Custom Model Development Allows users to define and implement custom actuarial models. |
Users can define and implement custom actuarial and pension models within MG-ALFA, which is one of its differentiators. | |
Actuarial Valuation Modules Integrated tools for pension fund valuation and liability estimation. |
Pension valuation modules, including liability estimation and actuarial valuation, are core features. | |
Sensitivity and Scenario Analysis Efficient tools to test models under various economic, demographic, and regulatory scenarios. |
Sensitivity and scenario analysis for economic/demographic variables is a staple functionality. | |
Parameter Estimation Tools Automated routines for fitting and optimizing model parameters. |
Automated routines for parameter estimation are included within model calibration and projection tools. | |
Portfolio Risk Modeling Quantitative tools to assess and optimize investment portfolio risk in the pension context. |
Portfolio modeling and asset-liability management are highlights of the product. | |
Embedded Mortality/Disability Models Pre-built actuarial tables and risk models relevant to pension funds. |
MG-ALFA supports pre-built and customizable mortality and disability models for the pension industry. |
Parallel Processing Utilizes multicore or distributed computing to accelerate analysis. |
Cloud and multicore/local parallel processing for high-volume computations are documented. | |
Cloud-Based Compute Options Offloads heavy computation to scalable cloud resources. |
MG-ALFA runs in cloud-based environments for scalable computations. | |
Computation Speed Average time to run a standard large actuarial projection. |
No information available | |
Concurrent User Support Number of users who can simultaneously perform computations without performance degradation. |
undefined Concurrent users are supported for enterprise deployments according to the product's technical specs. |
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Batch Processing Ability to execute large jobs in batch mode, scheduling or automation. |
Batch processing and scheduled/automated job execution is documented as available in MG-ALFA. | |
Memory Optimization Optimized use of memory for very large datasets. |
No information available | |
Job Queue Management Advanced job scheduling and monitoring capabilities. |
No information available | |
Failover and Recovery Ability to recover from failed computations automatically. |
No information available |
Graphical User Interface (GUI) Intuitive, modern, and customizable visual interfaces. |
MG-ALFA sports a GUI for model building, results visualization, and job management. | |
Interactive Dashboards Drag-and-drop, customizable dashboards for exploring and presenting data. |
Interactive dashboards and data displays for analyzing projection results are present in the product interface. | |
Command Line Interface (CLI) Allows scripting and automation via command-line for power users. |
A command-line interface and batch scripting are also supported for advanced users. | |
Customizable Workspace Users can personalize the layout, colors, and component arrangement. |
No information available | |
Keyboard Shortcuts Extensive keyboard shortcuts to speed up workflow. |
No information available | |
Multi-language Support Supports multiple languages and region-specific settings. |
No information available | |
Accessibility Options UI can be adapted for users with disabilities. |
No information available | |
Role-based Access Control Interface adapts scope and options according to user roles. |
MG-ALFA supports user and role management for access control in the UI. |
Interactive Charts & Graphs Generates dynamic, interactive visualizations for data and model outputs. |
MG-ALFA produces interactive charts and graphs for model outputs, as seen in product demos. | |
Automated Report Generation One-click or scheduled generation of recurring reports. |
Automated and scheduled report generation is part of the standard reporting suite. | |
Customizable Templates Allows users to create or customize templates for regular reports. |
Template customization for recurring actuarial/pension reports is documented. | |
Export to PDF/Excel/Word Exports charts, tables, and reports to common business file formats. |
Export to PDF, Excel, and Word formats is natively provided for reports and tables. | |
Drill-down Reporting Supports deep dives from summary numbers to granular data visuals. |
No information available | |
Data Annotation Enables the addition of comments or contextual notes to reports. |
No information available | |
Infographic Tools Enables creation of infographic-style outputs for stakeholder presentations. |
No information available | |
Dashboards with Real-time Data Dashboards update automatically as underlying data changes. |
MG-ALFA dashboards update live as underlying data and calculations change. | |
Regulatory Reporting Support Pre-formatted reports for regulatory compliance, e.g., actuarial valuations. |
MG-ALFA provides pre-formatted regulatory reporting support for actuarial valuations. |
Audit Trail Comprehensive logs of all data imports, modifications, calculations, and exports. |
Audit trail functionality is a standard compliance feature for all data, model, and calculation activities. | |
Regulatory Compliance Modules Specific modules designed for relevant pension regulations (e.g., IAS19, US GAAP, local pension laws). |
Specific compliance and regulatory modules (e.g., IAS19, US GAAP) are included. | |
Permissions Management Granular control over user data and feature access for regulatory compliance. |
Granular permission management is available for enterprise deployment. | |
Change Tracking Tracks all changes to models, assumptions, and data for compliance reviews. |
Change tracking for data, assumptions, and models is implemented for audit and compliance. | |
Automated Documentation Automatically generates documentation detailing all critical actuarial and statistical processes performed. |
No information available | |
Encrypted Audit Logs Stores system logs and audit trails in an encrypted, tamper-resistant format. |
No information available |
User Authentication Supports strong password policies and multi-factor authentication. |
Multi-factor authentication and strong password policies are part of security documentation. | |
Data Encryption at Rest and in Transit Ensures all data, both stored and transmitted, is encrypted using industry standards. |
MG-ALFA encrypts all data at rest and in transit, as stated in cloud security documentation. | |
Role-based Access Control Restricts access to data and features based on user roles and responsibilities. |
RBAC is both a security and usability feature according to MG-ALFA's admin documentation. | |
Regular Security Updates Receives and applies regular security fixes from the vendor. |
Milliman provides regular updates and security patches for MG-ALFA managed environments. | |
Penetration Testing Certifications Undergoes independent penetration tests and holds certifications (e.g., ISO 27001). |
No information available | |
Disaster Recovery Includes backup and restore features to ensure data is not lost in case of failure. |
Disaster recovery and backup/restore are available for managed cloud and on-premises setups. |
Shared Workspaces Teams can share data, models, and results in real time. |
Team-based project collaboration and shared workspace features are highlighted in MG-ALFA's marketing and technical overviews. | |
Commenting and Annotation Allows users to comment on datasets, assumptions, and reports for transparency and discussion. |
No information available | |
Version Control Integration Integrates with version control systems for source management of scripts and models. |
No information available | |
Workflow Automation Automates recurring tasks like data imports, calculations, and report generation. |
MG-ALFA supports workflow automation for imports, calculations and recurring reporting. | |
Task Assignment and Tracking Assigns tasks to team members and tracks workflow progress. |
No information available |
API Access Well-documented APIs to integrate with other enterprise or external systems. |
MG-ALFA has documented API access for data integration and job management. | |
Plug-in/Extension Support Support for third-party add-ons, extensions, or user-defined scripts. |
Plug-ins and user-defined scripts/extensions are supported for advanced customizations according to developer documentation. | |
Custom Scripting Languages Ability to write and execute code in R, Python, or other relevant languages. |
Custom scripting is supported in languages such as R and Python. | |
Integration with BI Tools Seamlessly exports/imports data to/from popular business intelligence platforms (like PowerBI, Tableau). |
Integration with BI tools such as Tableau or PowerBI is documented for export and reporting. | |
Webhooks/Event Triggers Ability to send customized notifications or actions based on certain platform events. |
No information available |
Comprehensive Documentation Up-to-date, searchable documentation for all platform features. |
Milliman provides comprehensive, searchable product documentation online for MG-ALFA. | |
Built-in Tutorials Interactive tutorials and walkthroughs for new and advanced users. |
Built-in tutorials and walkthroughs are included for new users as part of onboarding and training. | |
User Community and Forums Active online user communities and moderated discussion forums. |
A user forum and active community for MG-ALFA exists per Milliman's support resources. | |
Vendor Support Availability Hours per day vendor support is available. |
No information available | |
Multilingual Help Resources Help resources and support available in multiple languages. |
No information available |
Specialized software that assesses the risk of funding shortfalls by analyzing the relationship between asset performance, contribution levels, and benefit obligations under various scenarios.
More Funding Risk Analysis Tools
More Risk Management ...
Multiple Data Source Integration Ability to import data from various financial, actuarial, and market sources (files, APIs, databases). |
MG-ALFA documentation specifies integration with market data feeds, actuarial data sources, and external files via API or file import. | |
Automated Data Validation Automated checks for data completeness, consistency, and accuracy to prevent errors in analysis. |
Automated data checks are included to ensure accuracy for actuarial projections, according to product collateral. | |
Historical Data Archiving Secure storage and retrieval of historical data for backtesting and trend analysis. |
Historical model run data is saved for audits, regulatory, and backtesting purposes as described in feature documentation. | |
Data Update Frequency Frequency at which the system updates its data feeds. |
No information available | |
Custom Data Mapping Flexible mapping and transformation of data fields to match system requirements. |
Custom data mapping is cited as supported for model inputs to allow versatility. | |
User Data Import Templates Availability of import templates to streamline regular uploads. |
Template-driven data imports are mentioned in MG-ALFA technical materials. | |
Audit Trail for Data Changes Tracking and logging of all data edits, sources, and user changes. |
MG-ALFA maintains audit trails/logs, per regulatory requirements, as per documentation. | |
Scalability for Large Datasets System’s capacity to efficiently process large and complex datasets. |
No information available | |
Role-based Data Access Access controls to restrict who can view or modify data inputs. |
Role-based access is referenced in the MG-ALFA system admin guide. | |
Error Reporting & Notification Immediate alerts and documentation when input data fails validation. |
Error reporting is built-in for input validation failures. |
Stochastic Scenario Generation Ability to generate randomized financial, demographic, and economic pathways for robust risk assessment. |
Stochastic scenario (Monte Carlo) generation is a core feature, highlighted in the product summary. | |
Deterministic Scenario Analysis Allows users to define and analyze specific, user-chosen scenarios. |
Deterministic scenario modeling is explicitly supported per MG-ALFA capabilities. | |
Macroeconomic Stress Testing Tests the impact of extreme economic events on funding risk. |
Supports macroeconomic stress tests, referencing documentation on stress testing. | |
User-Defined Scenario Customization Option to customize key scenario variables (inflation, interest rates, salary growth). |
Users can customize scenarios (interest, inflation, salary) via MG-ALFA interface. | |
Simultaneous Scenario Runs Number of scenario paths that can be run in parallel. |
No information available | |
Monte Carlo Simulation Support for Monte Carlo (probabilistic) simulation methods. |
Monte Carlo simulation functionality is a marketed core feature. | |
Built-in Pre-defined Scenarios A library of standard economic, regulatory, or actuarial scenarios. |
MG-ALFA includes a library of pre-defined regulatory and actuarial scenarios. | |
Historic Replay Capability Ability to replay and analyze past market or funding conditions. |
Product describes ability to replay historical market conditions for validation/backtesting. | |
Correlation Modeling Handles correlation among risk factors (assets, liabilities, macro factors). |
Correlation modeling is supported in asset and liability modeling, as described in documentation. | |
Scenario Visualization Tools Graphical representation of scenario paths for insight and analysis. |
Graphical scenario visualization and results exploration are cited in product brochures and demonstrations. | |
Scenario Storage Capacity Number of scenarios that can be stored for future review and benchmarking. |
. | No information available |
Dynamic Funding Ratio Calculation Continuously updates the funding ratio (assets/liabilities) as scenarios evolve. |
. | No information available |
Shortfall Probability Estimator Calculates probability of funding ratios falling below specific thresholds. |
. | No information available |
Shortfall Magnitude Metrics Quantifies the possible size of a shortfall (deficit severity). |
. | No information available |
Time Horizon Flexibility Allows shortfall analysis over multiple user-selectable time periods. |
. | No information available |
Funding Level at Risk (FLaR) Estimates the potential negative movement in funding level at a chosen confidence interval. |
. | No information available |
Path-dependent Risk Metrics Considers the effect of multi-year scenario sequences on shortfall risk. |
. | No information available |
Real-time Recalculation Speed Time taken to update key funding risk indicators upon parameter change. |
. | No information available |
Heat Map Visualization Provides heat maps of shortfall probabilities or ratios across scenarios or time. |
. | No information available |
Customizable Thresholds User can set custom alert or reporting thresholds on funding ratios. |
. | No information available |
Multi-Asset Class Modeling Supports modeling for diverse investments (equities, bonds, alternatives, real estate, etc). |
. | No information available |
Custom Asset Return Assumption Flexible specification of expected asset returns, volatilities, and correlations. |
. | No information available |
Liability Cash Flow Projection Projects future benefit payments based on plan rules and demographic assumptions. |
. | No information available |
Customizable Mortality & Demographic Tables Allows input or adjustment of mortality, retirement, turnover rates. |
. | No information available |
Automatic Duration/Convexity Calculation Calculates key duration metrics for assets and liabilities. |
. | No information available |
Contribution Policy Modeling Models the impact of user-defined employer and employee contribution strategies. |
. | No information available |
Liability Sensitivity Testing Tests how liabilities react to changes in economic and demographic assumptions. |
. | No information available |
Asset Allocation Optimization Tools Provides tools for optimizing allocations based on risk/return objectives. |
. | No information available |
Frequency of Model Recalibration Indicates how often asset or liability models are recalibrated to new data. |
. | No information available |
Support for Liability-Driven Investment (LDI) Strategies Ability to implement and test LDI strategies within risk analysis. |
. | No information available |
Custom Stress Test Design Build and run custom stress tests simulating market, regulatory, or credit shocks. |
. | No information available |
Built-in Regulatory Templates Pre-configured templates matching local or international pension risk guidelines. |
. | No information available |
Compliance Reporting Automatic generation of compliance reports for regulators or trustees. |
. | No information available |
Automated Threshold Alerts Automated alerts when risk metrics breach regulatory or internal limits. |
. | No information available |
Audit Compliance Logging Tracks all stress tests and compliance checks performed. |
. | No information available |
Frequency of Automated Compliance Checks How often the system runs automated compliance or regulatory checks. |
. | No information available |
User-Defined Regulatory Rules Allows creation and enforcement of custom compliance rulesets. |
. | No information available |
Integration with Regulatory Portals Direct electronic submission of regulatory filings and reports. |
. | No information available |
Scenario-based Capital Requirement Calculations Estimates required capital levels under different regulatory stress scenarios. |
. | No information available |
Custom Report Builder Allows users to design and generate bespoke risk and funding reports. |
. | No information available |
Standard Report Templates Provision of ready-made reports for trustees, management, and regulators. |
. | No information available |
Interactive Dashboards Real-time, user-interactive dashboards for monitoring key funding risk indicators. |
. | No information available |
Export Formats Support Ability to export reports in various formats (PDF, Excel, CSV, HTML). |
. | No information available |
Drill-down Data Exploration Users can dig into underlying data behind reports and graphics. |
. | No information available |
Scheduled Report Generation Automation of periodic report creation and distribution. |
. | No information available |
In-app Charting & Heatmaps Embedded graphic tools for presenting complex scenario outcomes. |
. | No information available |
Real-time Data Refresh Frequency with which displayed data and visualizations update. |
. | No information available |
Access-controlled Report Sharing Permissions-based sharing of sensitive or critical reports. |
. | No information available |
Narrative Commentary Integration Incorporate written management commentary into reports and dashboards. |
. | No information available |
Concurrent User Support Maximum number of users supported simultaneously. |
. | No information available |
Calculation Speed Average time to complete a standard funding risk analysis or scenario run. |
. | No information available |
99.9% Uptime Guarantee Service availability based on industry standard uptime SLAs. |
. | No information available |
Cloud & On-premise Deployment Options Support for both cloud-based and on-premise installations. |
. | No information available |
Redundancy & Failover Support High-availability features to prevent downtime or data loss. |
. | No information available |
Scalability to Large Asset/Liability Bases Capacity to process and model multi-billion unit asset/liability bases. |
. | No information available |
Response Time SLA Service level agreement for user query response time. |
. | No information available |
Batch Job Scheduling Support for batch processing of large scenario sets during off-peak hours. |
. | No information available |
Automated System Monitoring Internal system checks for performance, throughput, and issue detection. |
. | No information available |
Disaster Recovery Plan Documented and tested procedures for system recovery in case of disaster. |
. | No information available |
Intuitive User Interface Modern, easy-to-navigate interfaces for financial and non-financial users alike. |
. | No information available |
Role-Based Dashboard Customization Dashboards tailored to different roles (CIO, actuary, trustee). |
. | No information available |
Mobile Device Compatibility Responsive design or dedicated app for tablet/smartphone use. |
. | No information available |
Accessibility Compliance Meets accessibility standards (WCAG, ADA, etc.). |
. | No information available |
Multi-language Support Availability in several major languages. |
. | No information available |
User Training Resources Provision of tutorials, help guides, and training modules. |
. | No information available |
User Onboarding Speed Average time for a new user to become proficient in core features. |
. | No information available |
Search & Navigation Tools Advanced search and easy navigation between datasets, scenarios, and reports. |
. | No information available |
Custom User Preferences Settings/preferences saved for each user profile. |
. | No information available |
Context-Sensitive Help Help widgets and tips relevant to screen/action in use. |
. | No information available |
End-to-End Data Encryption All stored and transmitted data is encrypted. |
. | No information available |
Multi-factor Authentication User logins are protected by at least two-factor authentication. |
. | No information available |
Granular Permission Controls Fine-tuned controls for assigning access to data, features, and reports. |
. | No information available |
Audit Log of User Activity Comprehensive logging of all user actions for compliance review. |
. | No information available |
Regular Security Audits System is subject to regular, documented security assessments. |
. | No information available |
Compliance with Data Protection Laws Certification with relevant privacy laws (GDPR, CCPA, etc.). |
. | No information available |
Data Retention Policy Management Tools to enforce policy-based data retention and destruction. |
. | No information available |
Automatic Session Timeout Inactive users are automatically logged out for security. |
. | No information available |
Third-party Vendor Security Vetting Thorough risk reviews for any external data or plugin providers. |
. | No information available |
API Availability Comprehensive APIs for data exchange with other systems. |
. | No information available |
Standard Data Format Compatibility Support for industry-standard data formats (XML, JSON, Excel). |
. | No information available |
Actuarial System Integration Direct connection with external actuarial projection and valuation tools. |
. | No information available |
Portfolio Management System Link Bidirectional integration with portfolio management or accounting software. |
. | No information available |
Data Import/Export Automation Automated scheduled transfers of data from/to other business systems. |
. | No information available |
Plug-in Architecture Easily add additional analysis modules or vendor extensions. |
. | No information available |
Support for Single Sign-On (SSO) Allows users to log in via organization’s identity provider. |
. | No information available |
Custom Integration Workflow Designer Tools or scripts for building and saving custom integration flows. |
. | No information available |
Integration Error Handling & Reporting Automated alerts and logs for failures in data exchange. |
. | No information available |
Dedicated Support Channels Access to multi-channel support (email, chat, phone, ticket). |
. | No information available |
Service Level Agreement (SLA) Defined commitments for support and system maintenance response times. |
. | No information available |
User Community and Knowledge Base Active user forums and searchable documentation. |
. | No information available |
Product Roadmap Transparency Publicly shared roadmap of planned system improvements. |
. | No information available |
Frequency of Software Updates How often enhancements and patches are released. |
. | No information available |
Bug Resolution Turnaround Time Average time to resolve critical bugs or outages. |
. | No information available |
On-demand Customization Services Availability of expert help for system customization. |
. | No information available |
Multilingual Technical Support Ability to get help in multiple major languages. |
. | No information available |
Client-driven Feature Request Portal User portal to submit and track enhancement requests. |
. | No information available |
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