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How long does it take to produce your projected cash flows to comply with regulatory mandates? For Protective Life Corporation, this now happens virtually automatically.
The Challenge: Complying with new regulations can be costly and time consuming, but the right software solution can lower costs and save you valuable time. At Protective Life Corporation, significant growth due to acquisitions meant an exponential increase in the processing time for the number of interest rate shock scenarios that needed to be run. When the quarterly cash flow scenarios for the Regulatory Risk-Based Capital (RBC) testing requirements took 2-3 days of manual work, Protective Life Corporation called BondEdge.
Solution: Protective Life Corporation engaged BondEdge to build a translational utility to their Asset-Liability Modeling (ALM) system. BondEdge built an Application Programming Interface (API) that enabled the ALM system to call the BondEdge database and cash flow calculation system directly, minimizing the manual intervention.
Benefits: Protective realized significant time savings. “Now all these scenarios run virtually automatically,” commented Jason Dees at Protective. “We use BondEdge for all our cash flow testing, especially for structured securities. BondEdge plays an important role in any projections we make. We use it in our managerial reports, in connection with our quarterly Regulatory Risk-Based Capital (RBC) testing mandates, as well as S&P Convexity Testing” Dees remarked. By automating this process, professionals at Protective have gained more time to focus on higher value-added activities.
Insightful Fixed Income Portfolio Analytics
“With BondEdge, I run 2,000 interest rate shock scenarios virtually automatically. This has saved us 2-3 days of manual work each quarter.” Jason Dees, Protective Life Corporation
Case StudyProtective Life Corporation
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Benefits Intuitive and easy-to-use
solution
Dynamic cash flow projections for Asset-Liability Management and regulatory / rating agency reporting
Export capabilities to Insurance Asset/Liability modeling including
� TAS Tillinghast Actuarial Software™
� Tillinghast MoSes™ � Milliman MG-ALFA®
� GGY Axis and � PolySystems, Inc.
Extensive security coverage, including structured finance library
BondEdge Solutions
Contact us for more information today: 310-664-2524 or email [email protected]
Generate scenario-driven, dynamic asset cash-flow projections and analytical risk reporting with this highly intuitive, flexible user interface.
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“BondEdge and our asset-liability modeling system provider worked together. Everyone at BondEdge has always been more than helpful, and available to assist with any questions.” Jason Dees, Protective Life Corporation
BondEdge Solutions
BondEdge Cash Flow Analyst for Insurance can assist in meeting regulatory and ratings agency-based requirements including:
New York State Regulation 126 AM Best Supplemental Rating Questionnaire Standard & Poor’s U.S.-based insurance risk-based
capital (RBC) model
Contact us for more information today: 310-664-2524 or email [email protected]
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For more information on solutions and services
www.interactivedata.com
ABOUT INTERACTIVE DATAInteractive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data’s offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has over 2,500 employees in offices worldwide.
BondEdge Solutions is a leading provider of fixed income portfolio analytics to the investment community with decades of expertise. Its client base includes more than 400 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America and Europe. This business is known for its flagship product, BondEdge®, which allows customers to identify opportunities and analyze portfolio risk using robust modeling techniques. BondEdge Solutions also provides direct access to sophisticated risk measures for a wide universe of fixed income securities via its analytical datafeed service.
BondEdge Solutions, an Interactive Data company
For more about BondEdge Solutions, please visit www.bondedge.com.
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Nothing herein is intended to constitute legal, tax or other professional advice. Interactive Data makes no warranties whatsoever, either express or implied, as to merchantability, fitness for a particular purpose or any other matter. Without limiting the foregoing, Interactive Data makes no representation or warranty that any data or information supplied to or by it are complete or free from errors, omissions or defects.
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