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The right choice for financial modelling
Ageas Protect: "We chose Mo.net because it gave us exceptional power, versatility and speed in an easy to use package that was straightforward to implement and provided excellent value for money." [Read more >>]
AEGON UK: "OAC delivered high-quality models that give us exactly what we want. Working with OAC, we have been able to implement highly sophisticated capital management tools within Mo.net with a minimum of effort" [Read more >>]
Corporate Modelling: "Mo.net provides a scalable and cost effective solution for even the most complex requirements in the ever increasing regulatory world." [Read more >>]
Mazars: "We are delighted with Mo.net which has provided us with the ideal solution to our financial modelling needs. It is easy to learn, quick to implement, powerful and very cost effective." [Read more >>]
Quantum Leben: "Mo.net is a powerful and easy to use actuarial software tool backed up by excellent service. We were able to implement sophisticated actuarial modelling tools in a short time due to Mo.net's flexible development platform." [Read more >>]
Just Retirement: "We have found Mo.net to be powerful and flexible, enabling us to model the complexities of a full 'Solvency II'-type calculation, which is undoubtedly a difficult modelling challenge." [Read more >>]
Open Joint-Stock Company "Insurance company AHML": "We chose Mo.net because it gives us the ability to implement actuarial models for our very specific products." [Read more >>]
National Friendly: "We are extremely pleased we chose OAC and Mo.net." [Read more >>]
CIG Pannonia Life Insurance: "We are very satisfied with your software and we think we made the perfect choice with Mo.net when we were looking for actuarial software." [Read more >>]
PricewaterhouseCoopers: "We asked insurers to provide an overall rating on how closely their software use meets their requirements. Mo.net scored well with a significantly higher rating than the other packages..." [Read more >>]
Groupe Mutuel Vie: "We use Mo.net for Swiss Solvency II Test and for budgeting and forecasting statutory accounts. We are very satisfied with Mo.net and we especially appreciate its straightforwardness and transparency." [Read more >>]
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Case Study: Just Retirement

"Building of the model and the interface to the data warehouse was done
in-house, reflecting how quickly Just Retirement became comfortable with developing a large scale project using Mo.net, and the ease at which users with programming skills from other platforms were able to get to grips with Mo.net."

Just Retirement is a specialist provider of financial services for people at and in retirement. They have developed intellectual property in understanding how people’s medical conditions and lifestyle impacts their life expectancy. Applying this intelligence enables Just Retirement to create a personalised rate for the customer and deliver higher levels of retirement income compared to standard annuities.

In less than a decade since they started in 2004 they have grown to become the largest provider of enhanced annuities and the second largest provider of equity release mortgages in the UK.

For Just Retirement, having an advanced, flexible modelling solution is important in maintaining a competitive edge, as well as dealing with increased regulatory requirements such as the implementation of Solvency II. In 2009, Just Retirement initiated a project to re-think their modelling systems strategy and data infrastructure, which led to the introduction of a new modelling system and data warehouse able to cope with the demands presented by a growing business and by Solvency II.

In assessing their modelling requirements, Just Retirement considered a range of options, from internally built systems to commercial actuarial modelling systems. During the extensive tendering process they recognised that Mo.net offered a number of unique features which would allow them the flexibility to build a comprehensive system. Features included a modular design, ease of re-use of functionality across the model, transparency of design and output, flexibility in allowing 'blank page' developments to be easily and very quickly built, and its ability to integrate efficiently with data warehouses and other systems.

On choosing Mo.net, Just Retirement asked OAC to provide some initial training and to review the proposed architecture of the model. Building of the model and the interface to the data warehouse was done in-house, reflecting how quickly Just Retirement became comfortable with developing a large scale project using Mo.net, and the ease at which users with programming skills from other platforms were able to get to grips with Mo.net.

  • Audit and Control were at the forefront of their requirements and they developed a comprehensive control system that ensures all model runs are auditable and identifiable.
  • The system design ensures that users of the system are not burdened with manual tasks which can be automated.
  • They recognised the need to have a system that could be scaled to deal with the challenge of computational complexity and found Mo.net to be a robust solution for parallel running, and OAC a responsive partner to their needs.
  • Making use of Mo.net’s extensibility to write proprietary .NET code and custom interfaces ensured compatibility with other business systems and buy-in from IT, leading to a smooth integration process.

This was an ambitious and highly successful project to design and build a new actuarial modelling system, incorporating Mo.net at its heart. Just Retirement is confident that their model and system is robust, scalable and future proof to meet the demands of a fast growing business and changing regulatory environment.

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OAC Just Retirement