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Algorithmics Won Best Solvency II Technology Provider Award
Published on Oct 06, 2010

Algorithmics, the provider of risk solutions, announces that it has won the award for Best Technology Provider for Solvency II in the 2010 Life & Pension Risk Awards, announced at a ceremony in London.

Dr Andrew Aziz, Executive Vice President, Buy-Side Solutions, Algorithmics, commented: “We are honored to win the Best Solvency II Technology Provider Award for our Economic Capital and Solvency II solution. This recognition means a great deal to us as we have worked hard to establish Algorithmics as the dominant Solvency II solution in the insurance market. Together with leading insurers, both in Europe and elsewhere, we have developed a solution that not only meets the regulatory requirements of Solvency II, but provides senior management with timely, enterprise-wide risk and economic capital information that aids their risk-aware business decision making.”

Life & Pension Risk reported: “Diversifying into the insurance and pension fund sectors has proved a positive step for risk management technology provider Algorithmics, whose Economic Capital and Solvency II solution, incorporating Algo Risk, has managed to achieve a dominant position in the European insurance sector.”

Vendor name: Algorithmics’
Product type: Insurance | Risk Management | Trading Systems

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