Nordea Life & Pensions has chosen Algorithmics' Compliance and Reporting Edition for its Solvency II standard formula approach.
The software is "end-to-end", comprising Algo Financial Modeler and Algo Audit and Compliance, and forms part of Algorithmics' Economic Capital and Solvency II solution.
"Based on feedback from our clients, we decided to broaden our existing proven Solvency II solution to include the full range of approaches under Solvency II, from internal models to standard formulae," says Dr Andrew Aziz, executive vice president of buy-side risk solutions at Algorithmics. "The new editions incorporate our award-winning innovation and offer insurers end-to-end solutions for Solvency II compliance, regardless of the approach they choose to take. "
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