Insurers increasingly feel the need to consider their strategic policy, risks, objectives and constraints in an integral fashion. Insurers want to be able to evaluate total balance sheet projections and profit & loss projections some years into the future. The Assets & Liabilities Scenario model for life insurance companies (ALS Life) was developed with this purpose in mind. ALS Life serves as the foundation for the professional advice of our ALM consultants, and we also offer this software through user licenses. Using this advanced model, life insurers can answer questions such as:

• What is the optimal investment and interest rate policy?
• How can we refine the strategic asset mix and construct an actual asset portfolio?
• What is the impact of various reporting systems on the balance sheet and profit and loss account?
• What kind of influence does the size and nature of new production have on the existing policy?
• What are the consequences of the Solvency II guidelines?
• What is the impact of base- and worst case scenarios of an ORSA, and what is the impact of management actions?

In addition to ALM studies, insurance companies use ALS Life for specific calculations related to Risk-based Capital (RBC) and Market-Consistent Embedded Value (MCEV). In the fields of accounting and product development currently great emphasis is placed on the market valuation of liabilities. Such market-consistent valuations can also be carried out successfully with ALS Life.