Pacific Life plumps for Algo Risk product

Pacific Life, the Newport Beach, CA-based provider of life insurance, annuity, and investment products, has selected Algorithmics' Algo Risk product to support a variety of its risk-related activities. Pacific Life will use Algo Risk for managing the market risk of its asset portfolio and will use Algorithmics' portfolio replication and optimisation capabilities to calculate enterprise-wide economic capital across its asset and liability portfolios.