ASI offers a multitude of services to insurance companies
as it relates to equity and interest-rate based guarantee products.
These services can be basically broken down as follows:
ASI provides consulting services on equity and interest-rate
guarantee based products focusing on areas like
- independent audit of
|- models used to price the assets & liabilities
|- models used to hedge the risks
|- models used to calculate the capital relief for a given
|- hedge processes/programs/strategies/systems
|- risk metrics used
|- actuarial assumptions used in the hedging program
|- balance sheet modeling
|- capital projections
- consulting on ALL aspects of risk-management
- providing COMPLETE turn-key solution to
enable any client effectively and efficiently implement a sound
hedging infrastructure and program
In providing its consulting service, ASI is a big
proponent of TRANSPARENCY and KNOWLEDGE TRANSFER. As such, in any
assignment it undertakes, all relevant spreadsheets, source codes
and documentation are provided every step of the way.
When ASI first opened its doors in 2000, its vision
was to provide commercially developed risk-management software in
conjunction with value-added consulting so as to better enable insurance
companies to implement risk-management strategies to manage their
economic risks on a real-time basis.
Since companies offering GMDB
and GMIB products were more concerned with managing the volatility
in financially reported numbers, reserve and capital as opposed
to simply managing economic risks, it became obvious that the risk-management
system ASI had developed needed to also actuarial functionalities.
As a consequence, instead of expanding on its software capabilities
to include traditional actuarial functionalities, ASI decided to
focus on its consulting business choosing to build spreadsheet based
solutions that "communicated" with other commercially available
To this end, in the spirit of keeping with its transparent
deliverable philosophy, ASI provides deliverables, which include
appropriate documentation, spreadsheets used for analysis, source
codes (in the event the spreadsheets delivered are DLL linked with
C++ or VBA code).