COLOGNE, Germany & HARTFORD, Conn.--(BUSINESS WIRE)--Conning, a leading global provider of asset management services, risk and capital management solutions and research to the insurance industry, announced today that Generali Deutschland Group, the second-largest primary insurance group in the German market, has signed a multi-year license agreement to use Conning’s GEMS® Portfolio Analyzer to support the development and control of its investment strategy.
GEMS® Portfolio Analyzer combines Conning’s robust economic scenario generator GEMS® with Conning’s investment and management decision modules. Generali Deutschland will use GEMS® Portfolio Analyzer to model a full, rich, and extendable range of asset classes, including Pfandbriefe in Germany. GEMS® Portfolio Analyzer provides clients with capabilities to model multiple investment portfolios and dynamic asset allocation strategies as well as variable annuity hedging, pension management strategies and risk attribution. For their modeling needs, portfolio managers can take advantage of the rich set of financial instruments available in the investment module, such as floating rate notes, interest rate swaps, interest rate derivatives, inflation-linked derivatives and equity derivatives.
“We needed an Economic Scenario Generator that provided comprehensive and powerful analytical capabilities. It is also critical to us to be able to model our own view of the future economic environment. The GEMS Target Parameterisation Tool provides us with powerful capabilities in this respect,” said Marina Hartmann, Strategic Investment Planning, Generali Deutschland. “With the GEMS® Portfolio Analyzer software we also are able to model multiple portfolios with management rules, including dynamic asset allocation strategies, which is important to us.”
"Generali Deutschland is a market leader in offering primary insurance products in Germany," said Steve Sonlin, Managing Director, Conning. "We’re pleased they selected GEMS® Portfolio Analyzer as part of their competitive strategy."
About Conning
GEMS® and ADVISE® are registered trademarks of Conning Services (Ireland) Limited, which is a wholly owned subsidiary of Conning (www.conning.com). The GEMS® and ADVISE® modeling software products are provided as part of Conning’s risk and capital management solutions division, which also includes advisory services. Conning’s risk and capital management solutions complement Conning’s asset management and research services, helping clients achieve their financial goals through the implementation of customized business and investment strategies. Conning is headquartered in Hartford, Connecticut, with additional offices in New York, London, Dublin, Cologne and Hong Kong.
About Generali Deutschland Group
With a premium income of more than €16.2 billion and over 13.5 million customers, the Generali Deutschland Group is the second-largest primary insurance group in the German market. The Generali Deutschland Group includes companies such as Generali Versicherungen, AachenMünchener, CosmosDirekt, Central Krankenversicherung, Advocard Rechtsschutzversicherung, Deutsche Bausparkasse Badenia and Dialog as well as the Group-owned service providers, Generali Deutschland Informatik Services, Generali Deutschland Services, Generali Deutschland Schadenmanagement, Generali Deutschland Immobilien and Generali Deutschland SicherungsManagement.