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AON launches asset modeller

Aon Consulting is introducing a new stochastic asset modelling system as part of its interactive asset and liability service. Stochastic modelling is a method of capturing future uncertainty by using random variables.
The system, called the TY Model, has already been used for UK pension fund and general insurance applications, and Aon now hopes life insurers and other funds with long-term liabilities will find it useful.

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