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IBM OpenPages with Watson from IBM

A governance, risk, and compliance management platform that utilizes AI to automate stress testing, scenario planning, and risk assessments tailored for the insurance sector.

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Product analysis by function

Stress Testing and Scenario Analysis Tools for Risk Management

Software that simulates extreme events and market conditions to assess potential impacts on the insurer's financial position and solvency.
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Simulation Capabilities
(4 Yes /4 Known /14 Possible features)

Risk Metric Calculation
(4 Yes /4 Known /13 Possible features)

Regulatory Compliance & Reporting
(3 Yes /3 Known /9 Possible features)

User Experience & Accessibility
(4 Yes /4 Known /9 Possible features)

Data Management
(3 Yes /3 Known /10 Possible features)

Model Risk Management
(3 Yes /3 Known /8 Possible features)

Performance, Scalability & Infrastructure
(4 Yes /4 Known /9 Possible features)

Output and Reporting
(5 Yes /5 Known /8 Possible features)

Security & Access Controls
(4 Yes /4 Known /8 Possible features)

Integration & Interoperability
(2 Yes /2 Known /7 Possible features)

Support, Documentation & Community
(2 Yes /2 Known /8 Possible features)

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Stochastic Modeling Ability to conduct simulations using probabilistic assumptions and random variables.		No information available
Deterministic Stress Testing Capability to impose specified stresses (factor shocks, deterministic scenarios) on models.		IBM OpenPages Stress Testing & Scenario Analysis module explicitly supports user-defined deterministic stresses for capital and liquidity risk.
Reverse Stress Testing Identification of scenarios that would cause the business model to fail.		No information available
Custom Scenario Building Facility to build and define customized stress scenarios.		Product literature highlights the ability for risk owners to build bespoke stress scenarios in a drag-and-drop interface.
Historical Scenario Replay Ability to replicate and analyze historically significant financial shocks.		No information available
Monte Carlo Simulation Support for Monte Carlo techniques to model and quantify tail risks.		No information available
Frequency of Runs Number of simulations the tool can run per unit time.		No information available
Computation Speed Time taken to complete a standard scenario analysis task.		No information available
External Data Integration Ability to import real-world or third-party data for simulation.		OpenPages can ingest third-party market, macro-economic and internal data sets through REST/GraphQL APIs and IBM Cloud Pak connectors.
Scenario Library Pre-loaded repository of standard stress and scenario templates.		‘Scenario Libraries’ come pre-populated with regulatory (e.g. Fed CCAR, EIOPA) and historical stress examples according to IBM solution brief.
Cashflow Projection Capability to generate detailed projected cashflows under simulated events.		No information available
Nested Stochastic Simulation Ability to run stochastic simulations within each main simulation to model path-dependent effects.		No information available
Scenario Parameterization Options to adjust scenario variables dynamically (severity, duration, correlation, etc).		No information available
Event Correlation Modeling Ability to model and apply correlations between simulated events.		No information available

Capital Adequacy Assessment Quantification of capital requirement post-stress/scenario simulations.		No information available
Solvency Ratios Calculation of solvency margins and ratios (e.g., Solvency II SCR, MCR).		No information available
Probability of Ruin Estimation of the probability of default/insolvency under various scenarios.		No information available
Loss Distribution Curve Graphical and tabular display of potential losses and their probabilities.		No information available
Value at Risk (VaR) Calculation of VaR at configurable confidence levels.		No information available
Conditional Tail Expectation (CTE) Computation of expected loss beyond the VaR threshold.		No information available
Impact on Profit and Loss Projection of changes in P&L under stress scenarios.		No information available
Multi-Period Risk Outputs Capability to project risk outcomes over several future periods.		No information available
Risk Aggregation Consolidation of risk impacts across business lines, regions, or portfolios.		Risk heat-maps aggregate exposures across business units, products and geographies.
Scenario Comparison Side-by-side presentation of results from different scenarios.		Dashboard widgets permit side-by-side comparison of multiple scenario result sets.
Stress Impact Attribution Breakdown of stress impacts by source, driver, or risk category.		No information available
Custom Metric Configuration Support for user-defined risk metrics/outputs.		Administrators can define custom key risk indicators (KRIs) and metrics via UI.
Sensitivity Analysis Ability to assess risk metric sensitivity to individual input parameters.		Sensitivity what-if analysis is available when adjusting scenario assumptions.

Regulatory Scenario Templates Pre-built scenarios based on regulatory specifications (e.g., EIOPA, NAIC).		Reg-specific templates for NAIC Own Risk & Solvency Assessment (ORSA) and EIOPA stress tests are advertised as part of the regulatory content packs.
Automated Regulatory Reports Generation of reports formatted for regulatory submissions.		No information available
Audit Trail Comprehensive logging of model inputs, outputs, changes, and assumptions.		All configuration changes and data submissions are logged automatically to meet audit requirements – documented in the ‘OpenPages Audit Trail’ feature.
Model Validation Tools Functionality for validating and documenting scenario and stress test methodologies.		No information available
Version Control Tracking and management of changes to scenarios, parameters, and models.		OpenPages maintains version histories for scenarios, risk libraries and reports; users can roll back to any prior version.
GRC Integration Integration with Governance, Risk, and Compliance systems.		No information available
Regulatory Updates Notification Alerting users to changes in regulatory requirements affecting stress testing.		No information available
Submission History Archive Archival of past regulatory submissions and associated data.		No information available
Configurable Disclosure Formats Ability to generate reports in various regulatory-required formats (XBRL, PDF, Excel).		No information available

Web-Based Interface Accessible via standard web browsers without additional installations.		Solution is delivered as a browser-based UI within IBM Cloud Pak for Data.
Customizable Dashboards User-configurable real-time display of key metrics and outputs.		Users can configure KPI tiles, charts and risk heat-maps on personalised home pages.
Role-Based Access Control User permissions and feature access based on roles.		Role-based entitlements driven by IBM Security Verify are referenced in the admin guide.
API Connectivity Ability to interface programmatically with other applications via API.		REST/GraphQL APIs allow bidirectional data exchange with core systems.
Multilingual Support Localization features for multiple languages.		No information available
Mobile Device Compatibility Support for tablets and mobile devices.		No information available
Search and Filter Functionality Ability to quickly locate scenarios, data, or reports.		No information available
User Training Materials Availability of tutorials, help files, and demo data.		No information available
Accessibility Compliance Meets accessibility standards (WCAG, etc) for users with disabilities.		No information available

Bulk Data Import/Export Support for large data file uploads, downloads, and transformation.		CSV/Parquet bulk loaders and exports are supported through Cloud Pak for Data.
Data Validation Rules Automated checks to ensure accuracy, completeness, and integrity of input data.		No information available
Data Encryption At Rest Protection of stored data with encryption.		IBM Cloud Object Storage encrypts data at rest using AES-256 by default.
Data Encryption In Transit Security of data as it moves between systems.		No information available
Data Retention Policy Management Configuration of how long different categories of data are kept.		No information available
Third-Party Dataset Integration Easily use market, macroeconomic, catastrophe, and other external data.		No information available
Audit Log for Data Changes Tracking of all changes to scenario data and inputs.		Every change to input data is written to an immutable audit log.
High-Volume Data Handling Capacity to process and store large-scale data (number of policies, claims, scenarios, etc).		No information available
Automated Data Cleansing Automated routines to identify and resolve data quality issues.		No information available
Scheduled Data Imports Ability to automate data ingestion at set times/frequencies.		No information available

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Financial Technology Year

IBM OpenPages with Watson from IBM

Product analysis by function

Stress Testing and Scenario Analysis Tools for Risk Management

Simulation Capabilities
(4 Yes /4 Known /14 Possible features)

Risk Metric Calculation
(4 Yes /4 Known /13 Possible features)

Regulatory Compliance & Reporting
(3 Yes /3 Known /9 Possible features)

User Experience & Accessibility
(4 Yes /4 Known /9 Possible features)

Data Management
(3 Yes /3 Known /10 Possible features)

Model Risk Management
(3 Yes /3 Known /8 Possible features)

Performance, Scalability & Infrastructure
(4 Yes /4 Known /9 Possible features)

Output and Reporting
(5 Yes /5 Known /8 Possible features)

Security & Access Controls
(4 Yes /4 Known /8 Possible features)

Integration & Interoperability
(2 Yes /2 Known /7 Possible features)

Support, Documentation & Community
(2 Yes /2 Known /8 Possible features)

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Model Documentation Module Formal documentation for each scenario or stress testing model.		No information available
Model Governance Workflow Structured workflow for model review, approval, and adoption.		Model Risk Governance module delivers workflow for creation, review, approval and periodic attestation of models.
Change Management for Models Tools to track, approve and audit changes to models.		Change tickets are automatically generated and must be approved before model promotion.
Model Validation Suite Set of tools for independent validation and verification of results.		No information available
Model Inventory Centralized register of all deployed models and their versioning.		Centralised inventory lists all active & retired models with version, owner, status.
Assumption Management Functionality to record and track assumptions made within models.		No information available
Sensitivity Testing Controls Specific features for testing the impact of changes in key assumptions.		No information available
Automated Model Performance Testing Automatic testing and reporting of model performance over time.		No information available

Multi-Core Parallel Processing Leverages multiple CPU cores for faster simulation.		No information available
Cloud Deployment Options Deployment and scaling in a cloud environment.		Available as SaaS on IBM Cloud or as a containerized deployment on Red Hat OpenShift.
On-Premises Deployment Option Availability of on-premises installation.		Per IBM documentation, an on-premises (traditional WAS) version is still offered for regulated customers.
Horizontal Scalability Ability to improve performance by adding more compute nodes.		No information available
Real-Time Processing Support for near-instant scenario analysis and result generation.		No information available
System Uptime Guaranteed operational continuity of the platform.		No information available
Disaster Recovery Capabilities for system and data recovery in the event of major failures.		IBM Cloud provides cross-region backup and point-in-time recovery for OpenPages.
Job Scheduling & Queue Management Automated scheduling and prioritization of simulation jobs.		Simulation requests are queued and prioritised through an internal job scheduler.
Elastic Resource Allocation Dynamically adjust computing resources based on workload.		No information available

Report Customization User-defined layout, content, and branding of reports.		Cognos and IBM Planning Analytics integration enable fully customised branded reports.
Interactive Visualizations Dynamic, graphical output (charts, dashboards) for scenario results.		Watson-powered visualisations (heat maps, bubble charts) are interactive and drill-able.
Scheduled Report Distribution Automated delivery of reports to stakeholders on a timetable.		Recurring report jobs can be scheduled for email or SFTP distribution.
Export to Multiple Formats Reports available in widely used formats such as Excel, PDF, HTML, CSV.		Reports can be exported to PDF, Excel, CSV and HTML via Cognos.
Narrative Commentary Tool Feature for adding commentary and qualitative analysis to reports.		No information available
Drill-Down Capabilities Ability to explore results at multiple levels of granularity.		Users can click through from enterprise-level risk to scenario-specific details.
Scenario Result Snapshotting Saving point-in-time results for future comparison and audits.		No information available
Time-Series Output Support Export and visualization of scenario impact over time.		No information available

Single Sign-On (SSO) Supports authentication via Single Sign-On protocols (SAML, OAuth, etc).		Supports SAML 2.0, OIDC and IBM Security Verify for SSO.
Multi-Factor Authentication (MFA) Requirement for multiple authentication factors for login.		Optional MFA enforcement through IBM Security Verify or customer IdP.
User Activity Monitoring Tracking and reviewing user actions within the system.		Administrators can review detailed activity logs in the OpenPages UI.
Granular Permission Settings Detailed permissions for users and groups for each module or dataset.		Permissions can be configured down to the field level on each risk or control object.
IP Whitelisting/Blacklisting Restrict system access based on network location/IP.		No information available
Automatic Session Timeout Automatic logout after a period of inactivity.		No information available
Encryption Key Management Secure management of cryptographic keys.		No information available
Security Patch Management Regular application of security updates.		No information available

Core Insurance System Integration Ability to connect with policy, claims, and financial systems.		No information available
Third-Party Data Feeds Automated ingestion of external market, macroeconomic, and catastrophe data.		Provides plug-and-play feeds for Moody’s, Refinitiv and other external datasets.
Open API Availability of public APIs for programmatic integration.		GraphQL and REST endpoints are publicly documented for integrations.
Plug-In Architecture Support for customizable add-ons and extensions.		No information available
ETL Tools Integration Compatibility with Extraction, Transformation, Loading tools.		No information available
SFTP/FTP Data Exchange Support for secure file transfer protocols.		No information available
Spreadsheet Integration Import/export of data from Microsoft Excel or Google Sheets.		No information available

24/7 Technical Support Availability of continuous support from vendor.		IBM offers 24x7 premium support for OpenPages SaaS deployments.
Dedicated Account Manager Assigned resource for customer support and relationship management.		No information available
Comprehensive User Documentation Detailed online and offline manuals, guides, and walkthroughs.		No information available
Release Notes and Changelogs Regular updates and explanations of new features or bug fixes.		No information available
User Community Forums Active forum/network for user collaboration and Q&A.		No information available
Training & Certification Programs Vendor-organized training sessions and formal certification.		No information available
Knowledge Base Searchable repository of FAQs, troubleshooting, and best practices.		Extensive searchable knowledge base on IBM Support and Redbooks sites.
Onboarding Assistance Personalized setup and usage support for new customers.		No information available

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Financial Technology Year

IBM OpenPages with Watson from IBM

Product analysis by function

Stress Testing and Scenario Analysis Tools for Risk Management

Simulation Capabilities (4 Yes /4 Known /14 Possible features)

Risk Metric Calculation (4 Yes /4 Known /13 Possible features)

Regulatory Compliance & Reporting (3 Yes /3 Known /9 Possible features)

User Experience & Accessibility (4 Yes /4 Known /9 Possible features)

Data Management (3 Yes /3 Known /10 Possible features)

Model Risk Management (3 Yes /3 Known /8 Possible features)

Performance, Scalability & Infrastructure (4 Yes /4 Known /9 Possible features)

Output and Reporting (5 Yes /5 Known /8 Possible features)

Security & Access Controls (4 Yes /4 Known /8 Possible features)

Integration & Interoperability (2 Yes /2 Known /7 Possible features)

Support, Documentation & Community (2 Yes /2 Known /8 Possible features)

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Simulation Capabilities
(4 Yes /4 Known /14 Possible features)

Risk Metric Calculation
(4 Yes /4 Known /13 Possible features)

Regulatory Compliance & Reporting
(3 Yes /3 Known /9 Possible features)

User Experience & Accessibility
(4 Yes /4 Known /9 Possible features)

Data Management
(3 Yes /3 Known /10 Possible features)

Model Risk Management
(3 Yes /3 Known /8 Possible features)

Performance, Scalability & Infrastructure
(4 Yes /4 Known /9 Possible features)

Output and Reporting
(5 Yes /5 Known /8 Possible features)

Security & Access Controls
(4 Yes /4 Known /8 Possible features)

Integration & Interoperability
(2 Yes /2 Known /7 Possible features)

Support, Documentation & Community
(2 Yes /2 Known /8 Possible features)