Brief: Kamakura wins First Fire & Marine Insurance contract

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.

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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