CMS Announces Agreement With Summit Strategies Group.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Nov. 17, 1998-- New Product, Using A.M. Best Data and Research, Provides Competitive Analysis of Insurance Company Investment Performance Capital Management Sciences (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ), a division of Data Broadcasting Corp. (Nasdaq:DBCC DBCC Daytona Beach Community College (Florida) DBCC District Business Conduct Committee (NASD) DBCC Desert Breeze Community Church (Glendale, AZ, USA) ), known for its leading BondEdge fixed income analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. , Tuesday Tuesday: see week. announced that it has signed an agreement with Summit Strategies Group, a St. Louis-based consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , to partner in the development and marketing of a new product for senior managers at life insurance companies. The new product, The Compare Study, offers insurance company executives a thorough analysis of their investment portfolio structure and total return performance measured against competitors writing similar lines of business. A complete information package was sent Tuesday to more than 1,600 executives at 850 insurance companies with details of the offering. A detailed analysis of more than 1,000 life insurance company investment portfolios is included in the study, which is designed to facilitate peer group comparisons on such factors as interest rate risk, sector allocations Sector allocation Investment of certain proportions of a portfolio in certain sectors. See: Industry allocation. and total return estimates. A.M. Best, a leader in the insurance industry ratings business, defined more than 75 peer groups based on primary lines of business and supplied the data on each company. Insurance company managers can also create customized peer groups to further refine the comparison. "This research is an important step toward providing a meaningful basis by which to evaluate the effectiveness of insurance company investment strategies," said Michael Albanese, a vice president in A.M. Best's life/health ratings division. "It can be of particular value to insurance company investment managers because it provides a view of investment performance against companies' unique liability structures." "The insurance industry is vastly different today with greater emphasis placed on the contribution of the investment portfolio. Knowing that ratings, overall industry perception and future growth opportunities are influenced by how well a company manages its portfolios, we think The Compare Study is an essential component of insurance company management going forward," said Stephen Holmes, president of Summit Strategies Group. "We are pleased to join forces with Summit and A.M. Best in the development of a product which we view as vital to the insurance industry," said Laurie Adami, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , CMS. "By creating a common denominator common denominator n. 1. Mathematics A quantity into which all the denominators of a set of fractions may be divided without a remainder. 2. A commonly shared theme or trait. with which companies can measure their investment performance and risk against their competitors, we envision The Compare Study will become an industry standard." Summit Strategies Group, a St. Louis-based consulting firm with a significant insurance practice, brings important knowledge of the issues facing the insurance industry today. Initially, Summit will be responsible for sales and distribution of The Compare Study to life insurance companies with a property/casualty version of the new product planned for the future. A.M. Best Co., established in 1899, is America's oldest and most widely recognized insurance rating and information source. For more information about A.M. Best, visit the company's Web site at http://www.ambest.com. Founded in 1979, CMS is the recognized leader in fixed income portfolio analytical software with more than 500 institutional clients. Long known for BondEdge, CMS is considered an independent source of research, analytics and valuation tools and has had extensive experience working with insurance companies. CMS is a division of Data Broadcasting, a leading provider of real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. market data, stock quotes, and financial news and information. More information on CMS is available at http://www.cms-info.com. |
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