Korea’s First Fire & Marine Insurance Co. (FFMIC) has licensed Honolulu-based Kamakura Corporation’s full suite of risk management products.
The insurance company will use the integrated software system for default probability estimation, credit-adjusted value at risk, net income simulation, and transfer pricing.
First Fire & Marine has become the fifth Kamakura insurance industry contract win and sixth Korean client. Unisys Korea represented Kamakura on the sale and Cap Gemini Ernst & Young will assist First Fire & Marine on implementation.