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Question 1: Which is the appropriate qualifying question for a prospect for the IBM Algorithmics Actuarial& Financial Modeler?
A. Are you struggling to adapt your current actuarial models to address new business requirements?
B. Are you building an internal model for Economic Capital or Solvency II?
C. What are your plans for consolidating input data from various systems'?
D. What methodology do you use to aggregate market and non-market risk?
Correct Answer: B
Explanation:
Algorithmics Actuarial and Financial Modeling provides a range of business benefits, including:
*Advanced actuarial modeling to undertake the full spectrum of global actuarial
calculations, and address the challenges of 'real-world', principles-based modeling.
Supports regulatory compliance including Solvency II and other regimes.
*Scalable modeling and production infrastructure enables full transparency, audit, workflow
and control over the modeling process.
*Critical decision support enables more effective, risk-informed business strategies.
*Helps reduce actuarial costs and optimize ease of use with swift implementation and processing
speeds.
Note:
*Supports regulatory compliance
Enhances confidence with a secure modeling and production environment that supports
compliance across a range of risk-based regulatory and other supervisory regimes,
including Solvency II and IFRS.
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