DFA Capital and Teradata Launch Risk Management Software
November 16, 2008
DFA Capital Management and Teradata Corp. are offering next- generation enterprise risk management (ERM) software that helps the insurance industry better measure and manage risk and capital.
The ADVISE Enterprise Risk Intelligence software is designed for the property casualty, life and annuity sectors. It allows risk managers and actuaries to analyze thousands of risk scenarios that could have a potential impact on their businesses. It is the first software to address backtesting, which uses relevant historical data to demonstrate a risk strategy’s effectiveness to rating agencies.
ADVISE-ERI also meets long-term auditability requirements and is fully transparent to help insurers meet regulatory and rating criteria. The combination of technologies from DFA and Teradata is designed to help companies increase the return capital, develop focused strategies for funding balance sheets and optimize the use of reinsurance.
“This new technology will help insurance companies better manage risk, which is especially important, given what’s been happening in the economy,” said Lisa Cash, executive vice president of sales and marketing at DFA Capital Management. “Compared to the traditional ERM systems currently on the market, the next generation capabilities of ADVISE-ERI give insurers the ability to model their business much more accurately.”
For more information on related topics, visit the following:
