The AXIS system features sophisticated actuarial tools that include pricing, valuation and modeling. The fully integrated offering is designed to save insurance clients valuable time and help further mitigate risk during the asset-liability modeling process by significantly streamlining access to projected asset market values and cash flows for the complex fixed income securities modeled by Interactive Data Fixed Income Analytics. The functionality is scheduled to be generally released by mid-August.

With increased regulatory requirements for stochastic analysis, more tightly integrated information exchange between asset and liability systems provides insurance companies with a critical alternative to flat file information transfer. Via Microsoft dynamic-link library (DLL), the GGY AXIS application accesses the BondEdge asset cash flow engine to generate scenario-driven cash flows under unlimited interest rate environments from within the AXIS system for more sophisticated asset-liability analysis. This new interface can help reduce risk by eradicating the need to transfer large amounts of information back and forth as well as eliminate the need to maintain two separate systems.

"We are very pleased to be working with GGY to provide a more fully integrated solution that can help life insurance companies better manage the asset and liability management process," said Laurie Adami, president of Interactive Data Fixed Income Analytics. "This offering marks another important milestone in our commitment to meet marketplace demand for mission-critical solutions where underlying component systems communicate directly with one another. Establishing this relationship with GGY, with its considerable expertise and strong product offering for the life insurance industry, is a natural fit for us."

"Our clients were impressed to learn that we now have an integrated approach which enables clients to obtain the values that they need from the BondEdge structured finance cash flow engine and library," said Bill Young, president of GGY. "We feel that this combined offering will assist GGY in making future AXIS sales since most companies we have talked with are very interested in a more automated approach."