Insurance

End users, such as insurers, face a squeeze on liquidity and a potential increase in cost of hedging resulting from new OTC derivatives central clearing obligations under both EMIR and Dodd-Frank.

State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, today announced the launch of a Solvency II solution designed to help insurers tackle the data and reporting challenges imposed by this regulation. The product, called Data Cube, provides insurers with the underlying investment data needed for their solvency calculations and regulatory reporting.

One of the major challenges facing European insurers in the lead up to Solvency II is how to report their solvency capital numbers to regulators more frequently, in more detail and in a shorter time frame than ever before? Calculating solvency capital faster demands some form of portfolio compression technique in order to avoid historical approaches that are time consuming, expensive and computationally demanding.

Algorithmics, the leading provider of risk solutions, announced today that Nordea Life and Pensions, a multinational insurer with operations in the Nordics, the Baltic countries, Poland, Luxembourg and the Isle of Man, has chosen Algorithmics’ Compliance and Reporting Edition for its Standard Formula approach to Solvency II regulatory compliance.  

As the deadline for Solvency II approaches, SimCorp, a leading provider of investment management software for the international insurance industry, supports its clients in preparing their IT landscapes for the changes to come.

by incorporating Algo Financial Modeler, formerly VIPitech

Algorithmics, the leading provider of enterprise risk solutions, today announced that, following its successful acquisition of VIPitech in June 2010, it has made significant steps towards the strategic integration and alignment of VIPitech within Algorithmics.  From now on, VIPitech will be known as Algo Financial Modeler and will continue to be sold as a standalone product and also as part of Algorithmics’ integrated family of insurance solutions.

Landmark Deal Spearheads QuIC’s Entry into Global Insurance Market; Builds on Track Record of Regulatory Approval Excellence

Pricing Partners (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that one of the largest UK insurers has selected Pricing Partners’ online independent valuation platform, Price-it® Online for its interest rates and equity structured products.

Independent derivative valuations increase price transparency

OTC Val signed one of the world’s largest providers of life insurance, pensions, and investment products. The firm’s investment management department receives valuation reports for their derivatives and structured product portfolio from OTC Val. These valuations are used for collateral management and financial reporting purposes and as price verification of counterparty and front office quotes.