December 13thDecember 12, 2017
Please note that our offices will close early at 2:30 PM Wednesday December 13th for a company function. We will resume our normal business hours Thursday December 14th. Please send any questions or notes through our Client Support portal and we will respond as soon as possible.
Webinar: Update on AXIS Support for IFRS 17 Accounting StandardsNovember 24, 2017
The second IFRS 17 Update webinar, presented to clients in November 2017, is now available in recorded form for your review. All AXIS clients may view the recording or download a copy of the slides used in this webinar to learn about:
- Specific new features being added to AXIS to support the modeling and projection of the three components of the Liability for Remaining Coverage and other key requirements of IFRS 17
- How Financial Reporting processes are expected to work under IFRS 17 with AXIS or other actuarial modeling platforms
- RiskIntegrityTM IFRS 17, the new Moody’s IFRS 17 solution for insurers around the globe
The current AXIS Release now includes specific support for IFRS 17 calculations in the Regular Life Module, enabled by a beta feature code for users who wish to test and investigate the new functionality. Knowledge Base article 2133 describes new resources, including an IFRS 17 Users Guide, to assist in the investigation of IFRS 17 features.
FormulaLink Library Now AvailableNovember 14, 2017
As 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:
- C# support is now available
- Integration with EnterpriseLink Version Control for change tracking and promotion to production (plug-in rules)
- Unit-testing tools for standalone compilation, debugging and testing of class libraries
- Role-based library management interface
- Third-party assembly referencing
- Code editor with color coding, line numbering, auto-completion and IntelliSense-like features
Notice - Removal of Formula Interpreter in AXIS SystemOctober 19, 2017
Following 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, 2017
Starting 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, 2017
Inside 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, 2017
AXIS 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:
- Powerful script editing capabilities
- Advanced debugging features
- Formula Libraries with Version Control
- Integration with custom user-created and third-party libraries
- Integration with external systems
AXIS EnterpriseLink Introduces ELink Script Job Type March 10, 2017
AXIS 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, 2016
GGY 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:
- Cloud Control Center (C3)
- DataSync Manager (DSM)
- Cloud Access Point (CAPoint)
- GridLink Cloud Licensing Portal
AXIS Assumption Sets new in AXIS 2017.05.01 October 28, 2016
Assumption 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, 2016
GGY 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:
- The option to perform stochastic decrement projections, which will allow accurate analysis of path dependent product features such as total policy benefit caps, and
- A policyholder investment fund, to support fund accumulation features needed for UL and UL combo products.