Articles - SunGard with Barrie & Hibbert - Risk and Solvency II


SunGard Collaborates with Barrie & Hibbert to Enhance Risk and Solvency II Solutions for Insurers

 SunGard is collaborating with Barrie & Hibbert to expand SunGard’s Solvency II offerings to include liability proxy modeling and risk aggregation functionality into its iWorks Prophet  solution. The liability proxy modeling functionality will help customers of iWorks Prophet enhance risk modeling and gain faster calculations of Solvency II metrics.  It will also help them embed internal models into the decision-making process, improve insight into the risks and behavior of insurance liabilities, and aggregate risks across the organization.
  
 SunGard’s iWorks ERM framework includes risk management, business process management, analytics, and business intelligence capabilities to support the governance and control requirements of Solvency II.  SunGard’s solutions framework and approach helps actuaries and risk executives align risk-based capital decisions with business risk appetite by providing a 360° view of risk data, using advanced analytics and stress tests.
  
 “I am pleased  to collaborate with SunGard to help insurers meet Solvency II challenges,” said Andy Frepp , chief executive at  Barrie & Hibbert.  “The combination of the risk modeling capabilities of iWorks Prophet with Barrie & Hibbert’s liability proxy modeling and risk aggregation techniques means insurers will have the tools they need to help improve the visibility, transparency and control of critical risk measurements.”
  
 JP James, chief operating officer, insurance solutions for SunGard’s insurance business, said, "We are pleased to extend our relationship with Barrie & Hibbert to help us develop enhanced risk modeling techniques for global insurers.  The modeling techniques add another dimension to SunGard‘s comprehensive ERM strategy and will help insurers better support Solvency II requirements. ”

Back to Index


Similar News to this Story

Actuarial Post Magazine Awards Winners Edition December 2024
Welcome to the Actuarial Post Awards 2024 winner’s edition and we hope you enjoy reading about their responses on having won their award. The awards
Guide to setting expense reserves under the new Funding Code
The new defined benefit (DB) funding code of practice (new Funding Code) requires all schemes to achieve funding levels that ensure low dependency on
Smooth(ing) Operator
Private equity can be a great asset. It’s generally the most significant way to have any real world impact as an investor (eg infrastructure assets li

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.