Valuation Software accommodates life settlement industry needs.October 21, 2011 -
Model Actuarial Pricing Systems (MAPS) software lets investors apply premium optimization and longevity assumptions to actuarially correct model to calculate present and future value of life insurance policies/portfolios. Web-based MAPS Policy Model v2.0 integrates individual policy and portfolio valuation models and provides flexible portfolio construction and analysis while coordinating management under various modeling scenarios. Users can also track and incorporate actual paid premiums.
Original Press release
Model Actuarial Pricing Systems
10 N. Martingale Rd ite 400
Schaumburg, IL, 60173
USA
MAPS Releases Newest Life Settlement Model
SCHAUMBURG, Ill. -- Today, Model Actuarial Pricing Systems (MAPS), formerly Milliman Pricing Software, released a new MAPS Policy Model v2.0.
The new model, which is web based, integrates the individual policy and portfolio valuation models and delivers a number of significant features, including:
-- Unified platform for Policy and Portfolio models
-- Flexible portfolio construction and analysis
-- Coordinating the management of multiple portfolios under various modeling scenarios
-- Tracking and incorporating actual paid premiums since policy purchase
-- Enhanced premium projection functionality
-- Additional mortality modeling parameters
"We are excited to announce the release of MAPS Policy Model v2.0. The new features are in direct response to our customers' feedback and reflect our commitment to providing superior client service. This is a major product release. It provides a number of usability enhancements, particularly in the area of portfolio management. Our clients integrate everyday buying and selling decisions into management of their overall portfolio," commented Win Georg, of MAPS.
In the near future, MAPS intends to release a new simplified individual policy valuation model for life settlement brokers.
About Model Actuarial Pricing Systems (MAPS)
The MAPS software, originally developed by Milliman, Inc. is the most widely used and sophisticated valuation software in the life settlement industry. It allows investors to apply premium optimization and longevity assumptions to an actuarially correct model to calculate present and future value of life insurance policies or portfolios.
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