Nordea Life and Pensions has selected an Algorithmics product suite to meet its Solvency II regulatory compliance needs.
Algorithmics newly launched Compliance and Reporting Edition consists of Algo Financial Modeler as the core calculation software, with audit and process capabilities provided by Algo Audit & Compliance and Algo Financial Modeler Enterprise.
Based on feedback from our clients we decided to broaden our existing proven Solvency II solution to include the full range of approaches under Solvency II, from internal models to standard formula, says Dr. Andrew Aziz, executive vice president of buy-side risk solutions at Algorithmics. The new editions incorporate our award-winning innovation and offer insurers end-to-end solutions for Solvency II compliance, regardless of the approach they choose to take.
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