Pensions - Articles - Pension Fennia licenses ALM & Risk Management solution

 Pension Fennia, a private sector pension provider in Finland, has signed an agreement with Ortec Finance to license an Asset Liability and Risk Management solution including the modeling of the Finnish private sector solvency regulations. The ALM solution enables Pension Fennia to formulate ALM strategies based on Ortec Finance state of the art multi-horizon scenario generation, asset and liability methodologies. In addition to the ALM framework, the model incorporates an ex ante risk management tool with specific focus on tail risks.

  

 “Based on a thorough evaluation process over the last several months, we decided on choosing Ortec Finance due to the strength of its offering as well as their experience in supporting organizations like ours in advanced risk management. The fact that the model is capable of incorporating the specific Finnish rules into the globally proven platform was clearly a decisive factor for us. The technical evaluation of the tool is of course important for us but so is the partnership we expect to have with an organization like Ortec Finance” said Irmeli Heino, Director of Finance, Risk Management and HR  

  

 “We are delighted that Pension Fennia has chosen us and look forward to a long term strategic partnership with this team. We remain committed to the Finnish market which clearly consists of professional entities ready for advanced solutions” said Sinikka Demaré, Managing Director and Partner at Ortec Finance.