SS&C Technologies has launched a new risk service for insurance companies to address the emerging Solvency standards. The CAMRA I-Risk solution combines CAMRAs financial reporting capabilities with a position-based random simulation model.
CAMRA I-Risk, a comprehensive cloud-based risk and analysis solution, is specifically designed to meet the needs of insurance company CEOs, CFOs, CIOs, and CROs, said Bill Stone, CEO of SS&C Technologies. SS&C continues to lead in the functionality insurance professionals need.
Using data directly from the CAMRA platform, I-Risk seamlessly delivers comprehensive risk calculations that address insurance company enterprise risk management (ERM), Solvency II for international insurers, as well as the ongoing U.S. Solvency Modernization Initiative (SMI). Risk measures include Value at Risk, Sensitivity and Stress Testing, Effective Duration and Convexity, Key Rate Duration, Projected Investment Income, Cash Flow and Fair Market Values.
(JDC)