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Update: Toronto, CanadaApril 24, 2018On April 23, news services internationally reported a tragic event which occurred on the street and sidewalks outside our head office in Toronto resulting in 10 deaths and 15 serious injuries. We wanted to assure friends, colleagues and clients who may be concerned that no-one from the Moody's Analytics office was harmed in this incident, and we thank you for your enquiries. Our thoughts and sympathies go out to the families and friends of the innocent victims. Webinar: AXIS Update on IFRS 17March 27, 2018On August 3 2017, we hosted a webinar to provide updates on our assessment of the impact of IFRS 17 on actuarial modeling systems, on AXIS in particular, and on financial reporting processes related to AXIS. Update to AXIS GridLink RequirementsFebruary 22, 2018Moody’s Analytics is pleased to announce the imminent release of the next generation of AXIS GridLink. The new version is fully redesigned to support a variety of deployment options from on-premises, fixed-size grid farms to fully scalable cloud-based environments. It introduces a range of enhancements to existing functionality, many new features, and is designed to be a platform for future expansion of hybrid and fully cloud-based implementations. Update on Intel Security VulnerabilitiesFebruary 15, 2018Moody's Analytics has assessed the impact of the Spectre and Meltdown vulnerabilities on our software. We can confirm that AXIS will continue to function after applying the patches Microsoft released to address the vulnerability, and we have tested to determine what (if any) performance impact the patch introduces on the speed of AXIS calculations. A summary of the results is in Knowledge Base article 2142. Update on US Tax Reform 2018January 09, 2018Moody's Analytics is currently assessing the impact of the tax reform legislation, Bill H.R.1, on AXIS. The main changes affecting Life Insurance companies include:
Additional functionality will be needed to address the above changes. Knowledge Base article 2139 describes the relevant jobs that have been established so far and will be updated regularly going forward. Although the changes will take effect in 2018, companies may want to consider the impact of the tax reserve treatment with respect to valuation and financial projections being performed for year-end 2017. Under certain circumstances, current functionality in AXIS can be used to model tax reserves that is the greater of:
Details and examples of the workaround can be found in Knowledge Base article 2140. Over the next few months, we plan to publish additional guides describing the tax law changes and demonstrating new functionality to address these changes as it is released. Please contact Client Support to discuss any questions you may have and on how to get the most out of AXIS. FormulaLink Library Now AvailableNovember 14, 2017As of EnterpriseLink 6.0.101, the FormulaLink Library is now available in the FormulaLink module. This new addition is a fully featured formula development area under the control of AXIS EnterpriseLink, making it the most powerful feature within the FormulaLink module. This feature provides tools to create, edit, compile and test reusable .Net class libraries that can be used as plug-ins to Formula Tables / Dataset Formulas in AXIS model datasets and ELink Script Jobs:
Notice - Removal of Formula Interpreter in AXIS SystemOctober 19, 2017Following the announcement from August 2016, we would like to bring to your attention that we plan to completely remove support for the Formula Interpreter mode in AXIS in April 2018. The Formula Accelerator mode will become the only option, and users must convert their existing code from the old Interpreter code to the new .NET code for all relevant uses including Formula Tables, Dataset Formula, System Formula and AXIS Script prior to upgrading to any AXIS version released after April 2018. Update on Fixed Scenario to be a Feature to be RemovedAugust 09, 2017Starting with AXIS 2018.01.01 released August 3 2017, opening a dataset in Fixed Scenario format will require activating the feature-to-be-removed code 590. The user will be prompted to either automatically activate the feature code password or manually enter the feature code password received from GGY. Inside AXIS Summer 2017August 03, 2017Inside AXIS brings you news about what's new in AXIS and what we're working on, articles about GGY and our thoughts on modeling, and links you to resources to support your AXIS modeling projects. In this edition: AXIS FormulaLinkApril 26, 2017AXIS FormulaLink is a module offering a set of features and tools in AXIS and AXIS EnterpriseLink for advanced programmability in AXIS Formula Tables, Dataset Formulas and EnterpriseLink Scripted Jobs. It offers the following functionality:
AXIS EnterpriseLink Introduces ELink Script Job Type March 10, 2017AXIS EnterpriseLink version 5.1.101 released March 10 includes a new type of EnterpriseLink Job called ELink Script. EnterpriseLink provides users with the ability to create EnterpriseLink Scripts using the object oriented programming model. These types of scripts run natively within the EnterpriseLink environment which allows them to automate many of the interactions within EnterpriseLink without invoking AXIS. That also means that all the permissions are checked and application logs are posted as if those actions were performed through EnterpriseLink itself interactively. EnterpriseLink scripts can be run like an AXIS Script Job. That includes job scheduling, setting run parameters, setting job custom permissions, adding them to the version control system and launching the job from an external application using the ELinkTask.exe Tool. You can also review active and completed EnterpriseLink script jobs like you would an AXIS Script job. These scripts are designed to be run locally on the machine where EnterpriseLink is installed. Inside the script users can submit AXIS job script or AXIS dataset batch to GridLink. AXIS CloudLink November 17, 2016GGY is pleased to announce the official release of the new AXIS CloudLink module. AXIS CloudLink is a comprehensive set of tools that make it easy to provision, manage, and maintain AXIS environments in on-premise datacenters and in the public cloud. The CloudLink toolset includes:
AXIS Assumption Sets new in AXIS 2017.05.01 October 28, 2016Assumption Sets have been introduced in AXIS cells for the Regular Life, Universal Life, Par Products, Disability, Annuity and Group Annuity modules. Assumption Sets will be added to the MultiState module in the future. Cell Assumption Sets fundamentally change the ways actuarial assumptions are arranged and used in AXIS. Instead of having a fixed set of assumptions in Pricing and the six reserve slots, the user can now have up to 99 sets of user nameable assumptions in every cell. Each set of assumptions in turn will be selectable in places that require actuarial assumptions (e.g. pricing projection, reserves, dividend generate). The new design prepares AXIS for different demands and emerging challenges of financial reporting and capital frameworks, including US GAAP, VM-20, AG 43, C-3 Phase II and the forthcoming IFRS 17. Such advanced uses of Assumption Sets will be provided moving forward. For more information on Assumption sets please see: AXIS MultiState Module September 20, 2016GGY is pleased to announce the official release of the new AXIS MultiState module, effective with AXIS version 2017.03.01. We used an extended Beta testing period for this module to add significant enhancements, including:
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