Actuarial research groups use MathWorks products to:
They experiment and test their ideas by running simulations quickly and ensure that their models, including the core algorithms on which the models are based, are traceable, transparent, and documented.
Whether in life or nonlife situations, actuarial teams, through effective risk analysis and projection, can assure regulators that their organizations can remain solvent in the long term. Research groups use MATLAB and related toolboxes to price variable annuities, guaranteed minimum benefit options, term assurance, and endowment policies.
Research groups in reinsurance, insurance, and bank asset and liability management use MATLAB and related toolboxes to reduce development time and improve the run-time performance of Microsoft Excel models by up to 90%.
They easily access historical customer and industry data, perform statistical trend analysis and generalized linear modeling, adjust statistical distributions, run Monte Carlo simulations, view cash flows, and build hedging strategies. The results from these activities enable them to:
To accommodate the software development standards and model and algorithm traceability requirements imposed by regulatory authorities, developers can:
Using MATLAB with related deployment products, researchers deploy standalone applications or software components that integrate with C and C++, Visual Basic, Excel, .NET, and Java based applications.