"Man's Group Risk Department is responsible for generating a series of future earnings projection reports for its asset management division, Man Investments, to be included in risk reporting to the Group and Divisional Boards of Directors," explained Nigel Cairns, President and CEO of QuIC. "These analytics involve extremely sophisticated calculations and significant computing power. The client sought improvement in calculation speed and flexibility to increase their ability to perform "what-if" simulations of earnings distributions under various different sets of macro and micro economic forecasting assumptions."
The new solution developed for the Group Risk Department models complex asset, performance and fee structures and provides results in less than ten minutes for problems that previously required over 12 hours. The solution utilises the QuIC Engine, a very fast vector-based calculation engine that underlies the QuIC Platform. Said Cairns, "The entire implementation was completed on time and on budget, within the desired three-month timeframe. Performance improvements are as promised, if not faster."

The Group Risk Department is now equipped to provide senior management with regular "baseline" earnings distributions and also ad-hoc analysis of the likely impact on earnings volatility arising from possible major changes to the business or business environment (e.g. acquisitions, new lines of business or a major market event). These distributions can also now be stress-tested, something which was previously impossible.