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Authorized Reseller
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Vose ModelRisk
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ModelRisk for Insurance and finance is a risk analysis tool specifically that allows users to incorporate advanced risk analysis techniques in business, actuarial and financial risk analysis models.
In combination with Excel, ModelRisk gives access to the most up-to-date, advanced quantitative techniques available without resorting to complex programming. ModelRisk allows you to build accurate, state-of-the art models in a fraction of the time previously required. For developers building custom applications, ModelRisk routines can also be called via VBA or C .
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ModelRisk includes sophisiticated simulation and optimization but runs seamlessly in Excel with your favorite Monte Carlo spreadsheet simulation package (Oracle Crystal Ball or @risk). This means that you can combine ModelRisk with Monte Carlo simulation to make full use of sophisticated financial tools together with the simulation package’s intuitive interface to run simulations, perform statistical analyses on results and produce high quality reporting graphics, as well as making full use of features like sensitivity analysis and optimization.
Risk modeling tool for building both simple and highly complex mathematical models in Excel without resorting to custom programming.
Save days of development time when building complex models.- Versions targeted at specific industries and disciplines such as insurance and finance, derivative securities, and health risk analysis.
- A specialized version of ModelAssist for ModelRisk (an advanced ‘help file’) shows how to use ModelRisk with explanation of any relevant theory, linked problems and example model solutions...
- Sophisticated graphical interfaces to visualize, explain and insert model components in an intuitive
manner.
- All features within ModelRisk return meaningful error messages to guide the user when there has
been an input error.
- Models can be passed between those using different language versions of Microsoft Excel
Developed for speed and accuracy, ModelRisk a wealth of high-end modeling capabilities, including:
Sophisiticated Simulation Engine- OptQuest Optimization Engine
- Over 500 risk analysis functions accessible through Excel.
- Time series models including Geometric Brownian Motion, mean-reversion, Markov Chain,
- ARCH, GARCH, Wilkie models and jump diffusion.
- Over 70 different distributions, both univariate and multivariate, used in the insurance and finance fields, with shifting and bounding.
- All functions are optimized for both speed and accuracy.
- Fitting of distributions, copulas and time series including parameter uncertainty.
- Tools to simplify modeling of common risk problems (e.g. sums of random variables, stop sum simulation, extreme value modeling, stochastic sum product).
- Intuitive, simple and efficient modeling through use of objects.
- Stochastic dominance tools for selecting between options.
- Automated, hot-linked statistical analysis of data.
- Interpolation tool.
- Visual interface available at click of button for most tools.
- Huge help file explaining tools and risk analysis techniques.
- Calculation tools for returning moments of all stochastic objects
(distributions, aggregate costs, etc.).
ModelAssist
A personal ‘risk analysis expert’ at your finger tips when using Oracle Crystal Ball- Over 500 risk analysis topics including many example models that can be used as a basis for your applications plus video demonstrations and quizzes.
- Custom Software Solution Examples
- Custom application to optimize sales territory assignments.
- Customer loyalty risk assessment tool.
- Cash flow forecasting application.
About Vose Software
Vose Software are recognized as leaders in quantitative risk analysis software, and provide clients with tools developed from a practitioner’s perspective of solving real-world risk analysis problems. Packages include ModelAssist for Crystal Ball and ModelRisk for Finance and Insurance.