Software provider SS&C Technologies launched CAMRA I-Risk for insurance companies to address Solvency standards.
Bill Stone, chairman and COO, said: "From innovative bank loan processing to state-of-the-art mobility and portal technology, SS&C is determined to enhance and expand its market leading position in the insurance industry. CAMRA I-Risk comes with full web portal capabilities, including iPad/iPhone apps, leveraging SS&C's innovative Anything, Anywhere, Anytime development philosophy."
"Solvency and accounting standards are increasing in complexity, with stochastic processes being woven into both asset and liability valuation, as well as disclosure, such as ASC 820 and IFRS 7/ASC 825. By all accounts, this trend is likely to accelerate, making the integration of financial reporting and risk reporting an imperative in terms of data integrity, workflow and cost efficiency," said James Ramenda, SVP at SS&C Enterprise Risk Solutions.
"The solution not only helps insurers comply with industry regulations, it helps provide the insight needed to improve risk management, make better-informed business decisions, and ensure financial stability over the long term."
