About AXIS 12
in AXIS Users Guide - An Introduction to AXIS 12

AXIS is a financial tool that helps users to analyze their business, quantify risks and obtain information that allows them to make informed decisions. The system is used for pricing, financial projections, dynamic capital adequacy testing, valuation, asset/liability work, stochastic analysis, experience and earnings analysis, and more. AXIS was developed with speed, ease of use, and functionality at the forefront.

Although it is a full-fledged 32-bit Windows application, AXIS 12 is still a direct descendant of previous DOS-based versions of AXIS that have been distributed and supported by GGY since 1989.

AXIS is comprised of the following modules:

Regular life
Universal life
Par products
Disability
Annuity
Group Annuity
Asset/Reinvestment
DataLink
ScenarioTools
Earnings by Source
Stochastic Processing
GridLink

Each of these modules can be purchased separately. Users can pick and choose the modules required to meet their needs and since all the modules are fully integrated, results can easily be combined.

AXIS DataLink is a special module of the AXIS system that links AXIS to corporate databases.  It exists as part of the AXIS application and works with the all the liability modules to allow users to create and maintain seriatim models for purposes of valuation, financial projection, asset/liability work, stochastic risk analysis, earnings and experience analysis, as well as seriatim projections.

AXIS 11 was first introduced in August, 2003, and brought many new features, and improvements in the power, functionality and ease of use of AXIS, including: 

• Formula Tables allow the user to write their own code using AXIS Script programming language to define the rates or values used within specific tables
• System Formulas allow the user to design production batch sequences using AXIS Script language and execute them as a type of System Batch.  
• New dynamic PPM Valuation options have been introduced in the liability Modules which enable both the illustration assumptions and the actuarial assumptions used in calculating the PPM reserves to vary by valuation date.
• Multiple Reinsurance functionality to support simultaneous modeling of reinsurance ceded under different treaties
• Expansion of the Liability module Cells to support the definition and calculation of up to 6 different reserves simultaneously
• Various enhancements to Distributed Processing, improving its efficiency, fault tolerance, and application to different AXIS processing options.
• Introduction and enhancement of the GridLink module supporting multiple users of a shared processor farm used for distributed processing of AXIS batch calculation runs in a secure production environment.
• Expansion of functionality and use of Other Benefits including the introduction of the Other Benefit object
• Introduction of Stochastic Processing options in AXIS (under feature code control)

AXIS 12 is now our state of the art system, and introduces new, enhanced functionality in many areas, such as:

• Release of the Stochastic Processing Module (previously in Beta release), including new functionality to support Embedded Scenario Processing
• Enhanced GridLink options and utilities, providing improved stability, flexibility and control over production environments utilizing server farms and shared by multiple users
• Introduction of Reserve Method objects, facilitating the definition and maintenance of reserve methodology calculation options on a controlled and consistent basis throughout liability models.

AXIS 12 System Requirements

For up to date recommendations on system configurations, refer to the Technical Support section of the GGY Website at http://www.ggy.com/support/reqequip.asp or contact GGY Customer Support for assistance.