SunGard delivers new Solvency II technology
SunGard has created a new enterprise risk management (ERM) framework that will help support insurance companies’ with Solvency II (SII) compliance.
Working in partnership with Microsoft and HP, the US technology firm says it has identified and packaged components and services that can define and implement a ERM technology framework that supports SII requirements.
The framework comprises SunGard’s iWorks ERM solution, HP’s consulting services and infrastructure portfolio, and Microsoft’s HPC and SQL servers.
The new offering is configurable to customers’ requirements and includes hardware and software plus actuarial, data management and implementation support.
The group’s insurance president, Greg Webber, says: “It is our view that Solvency II compliance represents the first step in building a comprehensive ERM infrastructure.”
Adding: “Our collaboration with Microsoft and HP offers a unique combination of risk management solutions, services and technology infrastructure that can form the foundation for a robust ERM strategy for insurers worldwide.”
Category: Insurance News
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