pALM
Holistic Integrated ALM and ERM platform
Flexible • Leverageable • Scalable
Introducing pALM
Cloud-native platform
The only end-to-end enterprise wide analytical platform in the life and retirement market. It offers a uniquely holistic view of capital usage across the enterprise. It has a strong emphasis on risk management, governance and controls. It has been widely validated and accepted by external parties and regulators.
The platform design drives superior analytical outcomes. It enhances decision making process and widens the path of strategic possibility. It also power Agam's unique target operating model (TOM) which provides a turnkey reinsurance management solution.
Integrated Platform
pALM is a holistic Integrated ALM and ERM platform. It is used to analyze, price and manage a complete suite of life and retirement insurance products
Three Lines of Defense Model
Agam has adopted a Three Lines of Defense Model designed to meet and exceed regulatory requirements. It's approach to Risk and Capital is underpinned by Robust Governance, Strong Internal Controls and Prudence
Robust Governance Framework
Robust Governance Framework emphasizes a culture of risk management, collaboration and transparency with distinct segregation of duties.
Strong Internal Controls
Well defined process whereby First Line takes responsibility for risk, an independent Second Line leads oversight and challenged with a Third Line in place for independent assurance
Prudence
Disciplined and Prudent approach for each step of the modelling process including data validation, assumption setting and stress and scenario testing
