Atlas by Oliver Wyman is a global leader for annuity modeling
The world’s largest insurers are using Atlas for financial management of their annuity portfolios. Our modeling suite provides powerful process automation for hedging and financial reporting — ultimately unlocking valuable actuarial time for analysis.
US GAAP LDTI, VM-21, Principles-Based Reserving and IFRS 17 are all pushing models towards more complex and often stochastic projections. We have solutions which can augment existing systems as well as options to modernize, re-envision and automate the financial reporting and risk management processes within your organization. Assumptions are inherited from purpose-to-purpose, so there is a single source of truth across all modeling applications.
Our industry-leading modeling can achieve faster runtimes by 90% — ultimately lowering computing costs.
The Atlas advantage
Teams using Oliver Wyman software and services have achieved faster runtimes (by 90%), lower computing costs, reporting and analytic agility and operational efficiency across their business.
Unlock valuable actuarial staff time using Atlas
1. High performance computing
The engine is optimized for industry leading performance in computation speed. Fully and seamlessly integrated cloud workflows mean thousands of computing resources are always accessible at the user’s fingertips to bring computation cycle times into the desired range.
Additionally, Atlas uses Oliver Wyman’s proprietary in-force compression algorithms, which can reduce the size of the liability in-force — and therefore computational burden — by over a hundred-fold with minimal loss of modeling fidelity.
2. dYNAMIC PROJECTION ENGINE
Atlas provides complete flexibility in product behaviour, assumptions and liability metrics. It supports typical policy and rider forms through point and click configurations. It also offers advanced programming interfaces to accommodate proprietary behaviours.
3. CompreheNsive functionality
Our Atlas suite of software serves the full value chain: from inforce loading, to economic scenario generation, to liability projection, to hedging simulation and attribution to financial reporting.
A one-system architecture can simplify a valuation process from weeks to a single day.
4. One model
Atlas outputs are generic and highly adaptable. It can connect to any up and down stream information systems. This one system can support all annuities needs across the enterprise, be it pricing, hedging, ERM.
Many of our clients have adopted or are adopting a one-model architecture ensures consistency across all metrics. There is no reconciliation across different models, the cost is lower, and they enjoy the ultra-fast and the cost savings our Atlas cloud-execution provides across all applications.
5. Oliver Wyman insurance and actuArial expertise
Atlas, coupled with Oliver Wyman’s regulatory and actuarial expertise, can get your organization started quickly.
Get started with Fulcrum
Atlas is a suite within Oliver Wyman Fulcrum, a proprietary platform where strategy and execution meet.
Fulcrum offers solutions across many areas of insurance including data management, new product development, policy compliance, platform migrations, portfolio compression, hedging and analytics. Our set of proprietary tools combined with Oliver Wyman product and industry expertise allows clients to maximize operational efficiency.