Quantifi, a provider of risk, analytics and trading solutions, today announced it has been awarded ‘Best Risk and Technology Firm’ in the Insurance Investment Exchange Awards 2017. The awards were judged by senior individuals from leading firms from across the industry including Alliance Bernstein, Aviva Investors and Friends Life. Quantifi received the award in recognition of its value-add, responsiveness to client needs, reliability, speed of implementation, and top quality support.
Regulation in the insurance industry is focused on ensuring firms are sufficiently capitalised to absorb extreme future market shocks. Big data and regulation are changing the way portfolios are priced, traded and reported. Given this complexity, firms require more comprehensive, accurate, and transparent risk management capabilities. Technology is key in helping insurance companies deliver strong investment results and deal with a complex environment in which accounting and regulatory requirements are evolving.
“There were many credible entrants but as the judges noted, Quantifi’s creative approach to integrating systems in the face of the myriad of different – and constantly changing – regulatory demands marked them out.”
Bob Swarup, Co-Founder, Insurance Investment Exchange
“Risk and technology are at the forefront of both Solvency II and managing the ever increasing complexity of insurance balance sheets today,” noted Bob Swarup, co-founder of the Insurance Investment Exchange. “There were many credible entrants but as the judges noted, Quantifi’s creative approach to integrating systems in the face of the myriad of different – and constantly changing – regulatory demands marked them out.”
Quantifi delivers cross-asset trading, front-to-back operations, position management, market, credit, counterparty and liquidity risk management, margining, and regulatory reporting all on a single integrated PMS platform. As well as supporting the key regulatory and industry practices such as Solvency ll EMIR, AIFMD, MiFID II, and CRD4, Quantifi applies the latest technology innovations to provide new levels of usability, flexibility, and ease of integration. This translates into dramatically lower time to market, lower total cost of ownership and significant improvements in operational efficiency.
“We are delighted to have received this award in recognition of our technology,” comments Avadhut Naik, Head of Solutions, Quantifi. “In an era where identifying and managing risk is more complex than ever, insurers are challenged to make optimal investment decisions. There is growing demand for integrated solutions that provide a holistic picture of risk across multiple-asset classes and more sophisticated analytics. Quantifi is designed to help insurers efficiently manage their assets and liabilities by identifying and evaluating risk with greater accuracy, granularity and timeliness. The factors driving Quantifi’s success in the insurance space are new technology, comprehensive functionality and responsive client services.” continues Avadhut.
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