PillarOne.RiskAnalytics 0.1

Available downloads

Expandable jar file

For All platforms (104 MB)

Windows Installer

For Windows (104 MB)

Modeling infrastructure to run Monte-Carlo simulations and initial business logic library to build partial internal models for P&C in a Solvency II context.

Release Notes

This is the first release of the PillarOne modelling environment. Its' capabilities are demonstrated using a sample company called CapitalEAGLE. The business context of CapitalEAGLE has been described by two community members in the following article: Wirkung von Rückversicherung auf das Risikokapital, published in Versicherungswirtschaft, issue 19/2008, pp. 1606 - 1611. English, German and French versions of the business case can be downloaded as Munich Re Knowledge Series, 09/2008.

Other models highlighting other features of PillarOne will soon follow - watch out for news and blog entries.

The business logic libraries are currently focused on property/casualty liabilities and contain components for

• reinsurance contracts: quota share, working excess of loss, stop loss. Surplus and cat excess of loss will follow by the end of the year.
  
• underwriting: premium, ...
  

PillarOne offers clean separation of model description, parametrizations of models and result description. Unless you look into the source code ({installation directory}/P1RAT/src/java/capitalEagle/) you won't see this.

We work on screencasts, How-To's and will publish them asap; documentation will follow.

Client-server version

• This is the version that can be tested in our sandbox. PillarOne can be configured to run on multiple servers, the sandbox runs on a single server only. Hence, if you get slow response times it could be that other users are in the midst of simulations.
• It works with a mysql database, but with minor configuration changes applied to {installation directory}/P1RAT/grails-app/conf/DataSource.groovy. It works equally well with any other professional enterprise database product. The results can then be processed with standard reporting software. We will offer a reporting solution in a later release.
  
• We have disabled all the authorization and authentication mechanisms to encourage playing with this release.
  

We will address the performance and scaling issue in a later release. Voice your opinion to show how important this is for you.

Stand-alone version

• This is the version which can be installed locally on any modern laptop or desktop PC.
  
• To make it easy to play with the software, the installer comes with an in-memory database. Consequently, your simulation results are lost after you close the program. If you want a full-featured, local installation, you need a database on your PC and also need to adjust the configuration.
• The ULC plugin is freely available, for legal reasons it has to be downloaded separately during the installation process. If your installation fails (most frequently because the firewall blocked the automatic download) you have to download the plugin manually to the {installation directory}/p1rat/plugins during step 7 of the installation.
  

If you find bugs or have suggestions for improvements, please raise the issues in the software forum.

Prerequisites

• During the installation an internet connection is required to download additional plugins.
  
• Java 1.5 runtime installed