Awards 2013: Best economic scenario generation software: Conning

Richard Urbach and Dan McKenzie, Conning

Conning’s GEMS software offers users an economic scenario generator (ESG) that simulates future states of the global economy and financial markets, with both real-world and market-consistent, risk-neutral stochastic modelling, as well as stochastic-in-stochastic functionality.

Credit risk modelling has been a key area of focus for Conning during the past year. The company’s new Corporate Yield Model is a tool for both risk-neutral market-consistent and real-world applications. It can be calibrat