Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, and everis, a multi-national consulting company, today announced that everis has joined the Numerix Partner Program to offer Powered by Numerix™ pricing and risk analytics within the everis Risk Management Product Suite.
This suite provides banks and insurers a complete risk and capital management solution comprised of everis Operational, Aggregation, CurveFitting and Risk Based Pricing modules.
Market uncertainty and increased regulatory demands have increased pressure on banks and insurers to establish accurate, timely, and consistent pricing, risk, and reporting measures enterprise-wide. To maximize the performance, precision and robustness of operational risk and regulatory capital calculations under Solvency II and Basel III, everis has seamlessly integrated its Risk Management Suite with a wide range of Numerix features.
everis clients can now leverage key Numerix functions such as cross-asset analytics, Monte Carlo simulation, random number generation, correlations estimation and date functions. These features enable powerful scenario analysis and validation, flexible modeling, enhanced risk based pricing and a fully integrated risk aggregation and curve fitting process.
"The integration of key features and benefits from the market leading Numerix CrossAsset analytics platform has elevated the foundation of our core risk offering and enabled us to deliver a more robust pricing and risk solution to our clients," said Rafael Cavestany Head of Risk Management Consulting at everis. "Integral to the solution is the ability to seamlessly bring together data management, modeling, simulation, capital calculation and reporting."
"The integration of Numerix analytics into everis offerings gives clients maximum modeling flexibility and calculation power for structuring, pricing and analyzing any derivative or structured product from vanillas to the most exotic deal type," said Steven R. O'Hanlon, President and COO of Numerix. "We look forward to the new and innovative ways Chief Risk Officers, Quantitative Analysts and Actuaries will leverage and benefit from this dynamic partnership."