The products and services range includes risk management solutions powered by Algorithmicsâ proven Algo SuiteTM risk analytics and functionality, underpinned by Cicadaâs data management technology and services, enhanced by an array of additional integrated services and solutions.
CicadaRiskâs approach to pricing its risk management solutions is designed to be consistent with asset management industry standard pricing structures, based on such factors as assets-under-management, with no large upfront fees. Deployment options include ASP, hosted, and remotely-managed on-site implementations.
In addition to its core risk management solutions, the group will provide a variety of data products and third-party application integration services. CicadaRisk will also offer InsygneTM a solution tailored specifically for the requirements of insurance investment risk management.
CicadaRisk products and services are designed to help asset managers and owners respond to the challenges presented by todayâs dynamic competitive and regulatory environments. Specifically, complex investment strategies as well as frameworks including Basel II, Sarbanes-Oxley and a host of other initiatives mean greater risk management best practices and operational requirements. As a result, asset managers and owners must employ rigorous standards and processes for assessing risk across an expanding range of asset classes, in a consistent, enterprise view.
Richard Bennett, previously head of UK and European sales for Cicada, leads the CicadaRisk business and strategic development effort from London.
CicadaRisk is an exhibitor at the 6th Annual GARP Risk Management Convention and Exhibition, February 1-2 in New York.