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L&E has selected GGY’s AXIS software as its primary pricing/projection/valuation software going forward. L&E is committed to maintaining its own software product LEAPPS® as it currently exists, but does not anticipate making significant enhancements to the system. AXIS was felt to be a better solution for more robust applications, such as principle-based reserves. L&E is committed to providing its clients with professional services in a cost effective manner. AXIS was felt to be the best fit for our next generation of software. As consultants, L&E is well positioned to provide companies with support in converting their models over to AXIS.
AXIS EXPERTISE: L&E first installed AXIS in 2007. In 2008 L&E committed to using AXIS as our primary pricing and projection system after utilizing internally produced software for nearly 40 years. Existing L&E pricing and projection models have been and are being converted to AXIS. New projects are set up in AXIS. Currently, over ten L&E consultants are actively using AXIS for our clients. Many of our actuaries also have experience with other actuarial software systems.
TYPICAL PROJECTS: We pride ourselves on being able to apply our extensive insurance and modeling knowledge in a fast and efficient manner. We feel AXIS is the ideal actuarial tool to get the job done. The list below is just a flavor of the projects we feel qualified to perform:
- Pricing
- Valuation
- Asset adequacy analysis
- New business projections
- Principle based reserves
- Stochastic testing
- Risk-based capital projections
- Embedded value
- Illustration actuary testing
- Actual/expected analysis
- Life
- Annuities
- Health
- Property and Casualty
Further information can be found at L&E AXIS Summary.
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