Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Andrew Aziz, executive vice president of buy-side solutions, Algorithmics

7254

Algorithmics’ insurance solutions poised for future growth following strategic integration of VIPitech

RELATED TOPICS​

Algorithmics, a provider of enterprise risk solutions, it has made significant steps towards the strategic integration and alignment of VIPitech within the company. VIPitech will now be known as Algo Financial Modeler and will continue to be sold as a standalone product and also as part of Algorithmics’ integrated family of insurance solutions.

Dr Andrew Aziz (pictured), Executive Vice President of Buy-Side Solutions at Algorithmics, says: “Following the successful integration of the VIPitech business into Algorithmics, the time is right to name VIPitech to fit in with Algorithmics’ family of products. The product has a key role and future in our insurance solution strategy and, going forward, it will be known as Algo Financial Modeler. Since the acquisition, we have retained all existing VIPitech clients, acquired some important new clients and have developed a growing pipeline of new prospects. On the development front, we are continuing our extensive program of product enhancement.”
 
Candice Thompson, Senior Director, Algo Financial Modeler, says: “We are very excited by the immediate impact that our product has had within Algorithmics since the acquisition. The future for Algo Financial Modeler is bright, both as a standalone offering and as an integrated solution within Algorithmics. We continue to invest in product development to retain our leadership position. The latest release of Algo Financial Modeler, Version 1.5, contains technological innovations that have the potential to reduce overall hardware costs and improve model run times – something that is particularly important for Solvency II, other risk-based capital regimes and accounting principles. We have observed some models running over ten times faster on the new version.”
 
Further enhancements to Algo Financial Modeler are planned and an extensive development roadmap has been published to clients and prospects outlining enhancements to the product in line with client and target market needs over the next few years. 

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by