Brief: Kamakura wins First Fire & Marine Insurance contract

Korea’s First Fire & Marine Insurance Co. (FFMIC) has licensed Honolulu-based Kamakura Corporation’s full suite of risk management products.

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Brief: Kamakura wins First Fire & Marine Insurance contract

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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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.

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Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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