Conning has secured a highly commended recognition in the ALM solution of the year category for its comprehensive suite of tools that address strategic asset allocation and asset-liability management for insurers.

The company's FIRM Portfolio Analyzer stands out for its ability to model the impact of investment strategies on insurers' earnings, balance sheets, and solvency positions across thousands of stochastic scenarios.

A key strength of Conning's offering is its commitment to continuous innovation. Half of its risk solutions team is dedicated to software improvements, resulting in frequent updates and enhancements.

Recent developments include improvements to the Allocation Optimizer tool and enhancements to the underlying Economic Scenario Generator that powers the FIRM tool.

The modular nature of Conning's software architecture allows clients to tailor the solution to their specific needs.

Clients can start with basic functionality and gradually increase complexity, from exploring hedging strategies to creating a full asset-liability management system for projecting solvency ratios and accounting statements.

Conning's strategic asset allocation capabilities are particularly noteworthy. The Allocation Optimizer tool uses stochastic asset returns from the GEMS Economic Scenario Generator, offering advantages such as stronger correlations during market crashes, and a choice of risk metrics including value-at-risk and tail value-at-risk.

The judges were also impressed by a client testimonial that highlighted the exceptional service and quality of Conning's solutions.