Phoenix Group has embarked on one of the most ambitious technology transformations ever attempted which will see it replace its myriad legacy systems with one automated, unified system. It's also introducing daily solvency monitoring and embracing on-demand computing.
It also tops Chartis Research's insurance ranking
Martin Weinthrop joins from Crawford
Algorithmics is boosting its drive into the pension fund and tier 2 & 3 insurance markets after acquiring VIPitech. Competing firms think their own business models give them an edge.
Our guide to 18 systems from 14 vendors shows a wide range of approaches. All of them have features relevant to compliance with Solvency II and some are prepared for pillar II and III requirements.
Value-at-Risk (VaR) is appropriate and effective for its proper purpose "" but it addresses only one of the two key challenges of financial risk management, argues David Rowe