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Formerly known as Milliman CHESS, our award-winning solution delivers a distinctive combination of production efficiency and expertise support, along with state-of-the-art modelling catalog and high-quality data for both market-consistent and real-world applications.
Milliman Economic Scenario Generator
To match demanding timelines for risk-management decisions and regulatory compliance, you need to scale and automate the ESG production process. At the same time, you need results you can trust.
Achieve a high level of automation and scalability by integrating the Milliman Economic Scenario Generator into your existing systems. The cloud-based application delivers economic scenarios in a scalable environment, with easy-to-understand visualizations for rapid validation. The Milliman Economic Scenario Generator was named Best ESG Software by Insurance ERM.
Execute the calibration, simulation, and validation functionalities from any vendor or in-house system through the integration-ready RESTful API of the Milliman Economic Scenario Generator.
Receive expert advice to ensure you use the best model to achieve your goals for optimal efficiency, risk-management accuracy, and regulatory compliance.
Review audit features, model documentation, and Excel files that detail step-by-step derivations of economic scenarios. The Milliman Economic Scenario Generator’s calibration reports are based on alliance partnerships with the most renowned financial data providers and are subject to thorough data quality assessments.
Leverage Milliman’s comprehensive model catalog as you work with our team to determine which models apply to your specific scenarios.
See validation results quickly in the form of tables and graphs.
Get help from Milliman consultants as you navigate any external or internal review of results generated by the Milliman Economic Scenario Generator.
Access services from the Milliman Economic Scenario Generator deployed in Europe, the United Kingdom, United States, and Asia. Methodologies and data choices from the most renowned data providers have been tailored to reflect the highest degree of robustness and compliance in each market, including Solvency II, IFRS 17, and LDTI.
Use advanced and custom parameters for model selection, data loading, calibration, and simulation steps.
Enable ESG experts and risk managers to exhaustively validate model performance using visualizations and data.
Milliman Economic Scenario Generator (ESG) offered this client flexible capabilities with a cloud-native solution driven by the leading mathematical modeling of Milliman’s expert R&D team.
With deep customization capabilities, Milliman Economic Scenario Generator (ESG) provided the long-term volatility modeling at the time required.
By providing an effective solution alongside individualized support, the client found a better way to satisfy regulators.
Leveraging Milliman Integrate architecture, Milliman Economic Scenario Generator was integrated into this insurer’s framework with the ability to deliver up to 10,000 scenarios at D+1
This paper explores options available to address the challenge of deriving market-consistent but stable long-term volatility assumptions for valuation of liabilities.
Challenges for companies in the alternative asset space include building an internal model and accounting for regulatory treatment for capital set aside.
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.
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