SunGard has released the investment risk component of its iWorks Enterprise Financials business intelligence (BI) solution, a cloud-based and mobile-enabled BI tool that gives insurers' chief investment officers and chief financial officers the ability to transform raw financial data into actionable insights and timely analysis for investments, risk and compliance.
iWorks Enterprise Financials' investment risk component provides a comprehensive view of investment exposure, including currency, country, credit and duration risk snapshots showing sensitivity to interest rates. It provides insurers with the opportunity to more readily adjust their risk exposure.
"Enterprise financial management challenges insurers in today's difficult and volatile economic environment with tighter regulatory requirements. Leveraging a complete and accurate view of insurance assets and liabilities across all lines of business is critical to managing for profitability today and long-term competitive advantage tomorrow." - Sam Stuckal, Research Director, CEB TowerGroup
"The delivery of the investment risk component of iWorks Enterprise Financials demonstrates SunGard's continued investment in its insurance product portfolio. SunGard is committed to providing innovative solutions that help insurers gain the insights they need to grow revenue, manage cost and risk, and make better business decisions that can lead to greater profitability." - Bill Diaz, president, SunGard's insurance business
In addition to the investment risk component, iWorks Enterprise Financials features components for accounting, which provide invested assets, income streams, and projected cash flows, as well as for compliance, which provide views of NAIC guidelines, state regulations, and company investment policy guidelines.