Samsung Fire & Marine Insurance (SFMI), a multinational insurance company based in central Seoul, South Korea, selected the Numerix Economic Scenario Generator for producing its risk neutral economic scenarios. With its principal products including automobile, long-term and commercial insurance, enterprise risk management, and annuities— SFMI is the largest Property and Casualty Insurer in Korea. To further strengthen its framework for complying with International Financial Reporting Standards (IFRS) principles and rules for reporting, SFMI wanted to gain further insight into the impact of applying IFRS 4 on the balance sheet before it becomes a requirement in 2020. To conduct this assessment, a 2-factor interest rate model was required for generating economic scenarios in order

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