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AXIS Module - Regular Life

The Regular Life Module models non-participating life insurance products and has a limited capability to model some simple dividends. Uses of the AXIS Regular Life Module include:

  • Pricing and design
  • Valuation
  • Financial Statements
  • Statistics on number of lives and total face amounts
  • Cashflow projection and testing
  • Surplus adequacy testing
  • Required Surplus
  • Embedded Value and appraisal
  • Asset liability management
  • Stochastic analysis
  • Margin analysis
  • NAIC Financials
  • US GAAP Financials

The AXIS Regular Life Module contains a comprehensive collection of features for modeling Traditional Insurance policies and benefits, including:

  • Return of Premium options
  • Paid-up Value options
  • Multiple reinsurance treaties
  • Modeling policy riders with base policy
  • Multiple Life policies and multiple decrement assumptions
  • Policyholder behaviour modeling
  • Cash values calculated using various reserve formulas including US non forfeiture rules.

Additionally, the AXIS Regular Life Module supports many reserves methods, including:

  • Principles-Based Valuation (US)
  • Policy Premium Method (PPM)
  • US GAAP (SFAS60, SFAS97)
  • CRVM (XXX, NY Reg 147)
  • US NLP
  • Zillmer

Up to 6 reserve bases may be run simultaneously.

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