DFA Capital Management Inc. (Purchase, N.Y.), provider of enterprise risk management software, and Teradata Corp. (Miamisburg, Oh.), provider of enterprise data warehouses and analytics, have rolled out their new hardware and software platform for the insurance and financial services industry.
ADVISE-Enterprise Risk Intelligence (ADVISE-ERI) is a next-generation ERM product that provides a more comprehensive way of measuring and managing risk and capital than has been previously available, according to the firms. Designed for property and casualty, life and annuity sectors of the insurance industry, the combined technology of DFA and Teradata will provide insurers with the capability to more accurately measure and manage risk and capital. This technology also addresses backtesting, a method that uses relevant historical data in order to demonstrate a risk strategy's effectiveness to rating agencies. ADVISE-ERI assesses risk exposure across each business function and across the entire organization. Insurers can now start small and scale without limits, according to the level of data granularity required for analysis. Additionally, the technology meets long-term auditability requirements and is fully transparent to help insurers meet regulatory and rating criteria.
Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio