SunGard, a software and technology service provider, teamed with Microsoft and HP to create an enterprise risk management (ERM) framework designed to support insurance companies’ compliance with the implementation of Solvency II. The regulations, effective in 2012, are aimed at strengthening requirements for capital adequacy and risk management for life and non-life insurers and reinsurers in the European Union.
The new framework is comprised of SunGard’s iWorks ERM solution, HP’s consulting services and infrastructure portfolio, and Microsoft’s HPC and SQL servers.
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