Algorithmics Partners with Barrie & Hibbert and SecondFloor to Deliver the Insurance Industry with Solvency II Solutions

Algorithmics, Barrie & Hibbert and SecondFloor announced today that they are working in partnership to deliver Solvency II solutions for insurance companies of all sizes. The solutions, comprising an end-to-end analytical framework and process, will enable insurance companies to measure, manage and report Solvency Capital Requirements (SCR) under Solvency II regulations and will be offered both as deployed software and as a managed service. The solution will combine Algorithmics’ award winning Algo Risk with Barrie & Hibbert’s extensive economic scenario services and SecondFloor‘s experience in building risk reporting workflow and process controls.Curt Burmeister, Vice President of Risk Solutions, Algorithmics, said: "We already have strong working relationships with both Barrie & Hibbert and SecondFloor and together we have pioneered the use of portfolio replication among large insurance companies who were looking for industry leading solutions for their capital and real-time risk management and reporting." (PRWeb Nov 26, 2009)

Read the full story at http://www.prweb.com/releases/2009/11/prweb3262544.htm

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