Tullett Prebon Information Wins Innovation of the Year Award at Insurance Risk Awards

Singapore, London and New York - 12 October 2012

Tullett Prebon Information’s (‘TPI’) Solvency ll Benchmark Curves Service has won the Innovation of the Year Award at the 2012 Insurance Risk Awards, announced last night at a ceremony in London. The awards recognise excellence, best practice and innovative thinking in insurance risk management.

Demand for innovative products, such as TPI’s Solvency II Benchmark Curves Service which was launched in May this year, has increased as a result of regulatory changes in the insurance industry. TPI’s service enables risk managers to perform more precise risk calculations and to better manage capital requirements through accurate valuation while also assisting firms in meeting the reporting challenges they will face following the implementation of Solvency II.

Working in partnership with IDS GmbH - Analysis and Reporting Services, an Allianz company, TPI has combined its core expertise in the global OTC markets with the experience of an internationally renowned insurance specialist to develop a comprehensive data solution. The service provides tailored and quality assured data curves enabling the calibration of risk models required in the calculation of minimum solvency requirements.

Importantly, the service offers insurance designed liquidity-adjusted and credit-adjusted curves with an emphasis on forward-looking risk management and governance through data extrapolation out to 120 years.

Frank Desmond, Managing Director of Tullett Prebon Information, commented: "We launched Tullett Prebon Information’s Solvency II Benchmark Curves to assist companies in the insurance sector in addressing the increasing regulatory demands imposed upon them. I am delighted that Insurance Risk has recognised our cutting-edge solution by awarding us the publication’s innovation of the year award.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development