The proprietary SolvenSeer F+ application, designed by SolveXia, provides users with ready access to the widest possible range of asset projection functionality across asset classes in all major countries. This is made possible by incorporating FINCADâs analytics library into SolveXiaâs infrastructure, thereby significantly enhancing existing actuarial projection systems.
âScrutiny of risk assessment is bound to become more stringent in the years leading up to increasing regulation demanded by Basel II and Solvency II. A new generation of risk modelling will be called upon to gain a better understanding of risk profiles and acceptable levels of capital that must be set aside to satisfy investors and policy holders that their security is indeed safe,â said Jonathan Glass, Managing Director, SolveXia. âWeâre pleased to partner with FINCAD to offer greater certainty for the insurance industry and its participants with a new level of capability and proficiency.â
âIn todayâs volatile market, there is a vital need for comprehensive and efficient derivatives analytics to better manage risk,â said Amar Budhiraja, Program Manager, FINCAD Alliance Program. âSolveXiaâs integration of FINCAD analytics will address this need and provide its clients in the insurance, investment and resource trading industries with extensive risk modelling capabilities.â
The FINCAD Alliance Program enables SolveXia to leverage FINCAD software and expertise to meet its customersâ evolving need for robust derivative valuations. SolveXia is scheduled to make the SolvenSeerF+ service available to its clients in the second quarter of 2009.