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SecondFloor to help Allianz in risk management

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CIOL Bureau
New Update

BANGALORE, INDIA: SecondFloor, an IT services company based in The Netherlands will take a core role in an ambitious project to develop a risk management platform for Allianz Group, a press release said today.

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The custom built solution provides Allianz with auditable, automated, centralized and SOX compliant risk calculations on the basis of a new replication portfolio approach, it said.

SecondFloor will be responsible for the analysis, information architecture, server based implementation, testing, deployment and support, providing Allianz with an auditable solution.

Martin Knook, CEO of SecondFloor explains, "We share the Allianz ambition to move from getting the numbers to actually using the numbers. We are delighted with the opportunity to provide a risk platform that offers risk computation on group level."

He said the team is fully committed to deliver the right solution within 12 months.

According to Andreas Kunze, co-project manager, Allianz, "This system allows to improve risk management and control significantly and becomes a core pillar to fulfill forthcoming Solvency II requirements."

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