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Old 01-25-2018, 11:55 AM
fastcount fastcount is offline
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Default MG-Alfa vs GGY AXIS

Does anyone have experience with both?
Is it easy to go from one to the other?

Is it similar to how the first computer programming language is usually the hardest, and then learning the 2nd language is much easier?
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Old 01-25-2018, 12:04 PM
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I personally don't have any experience with either but I worked for a company (and Im sure there are many others) that was going through a transition, completely moving from MG Alfa to GGY AXIS. People who used it said how inefficient MG ALFA was and going into Axis was good.

As for ease of learning, I can't give any input.
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Old 01-25-2018, 12:41 PM
fastcount fastcount is offline
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Hmm, is GGY AXIS the gold standard for valuation software?

I have a friend in Canada who told me that pretty much all insurance/reinsurance companies and even banks, they all use GGY AXIS.
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Old 01-25-2018, 01:54 PM
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Originally Posted by fastcount View Post
Hmm, is GGY AXIS the gold standard for valuation software?

I have a friend in Canada who told me that pretty much all insurance/reinsurance companies and even banks, they all use GGY AXIS.
GGY is a Canadian product. It's not the market leader in the US.
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Old 01-25-2018, 02:34 PM
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I've worked a lot with MG-Alfa. I like the flexibility, the ability to drill down and create and modify coding as needed, and the responsiveness of the vendor support staff.

I have not directly worked with GGY-Axis, but I've seen a couple demos/presentations. It seems to be much more black box than MG-Alfa, and any customizations or mods must be made by the vendor, and it's not clear how quick the turnaround would be on that. At one point I recall it was more costly as well, but I'm not sure if that's still true.
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Old 01-29-2018, 03:52 PM
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I'm not sure about the cost either.

But if there's no way to model a certain product feature, it'll take roughly a few months before the vendor installs the functionality into the software.

But they've gotten quite good, you can specify formula sections where you can write your own code. It doesn't always work, but a lot of the things can be accomplished by the user directly.
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Old 02-01-2018, 10:26 AM
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Originally Posted by fastcount View Post
Hmm, is GGY AXIS the gold standard for valuation software?

I have a friend in Canada who told me that pretty much all insurance/reinsurance companies and even banks, they all use GGY AXIS.
Bank owned insurance companies use GGY AXIS, but not the banks themselves.
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Old 02-01-2018, 11:17 AM
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But if there's no way to model a certain product feature, it'll take roughly a few months before the vendor installs the functionality into the software.
But the softwares motto is "Built for the future, ready today"

So how can what you are saying be correct?!

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