As an independent specialist, Ortec Finance provides consultancy services and software to help insurers manage the complexity of (investment) decisions. We design, build, and apply solutions for (dynamic) risk management , valuing embedded options, and performance measurement and risk attribution . In addition, we deliver real-world and calibrated risk-neutral scenarios with our state-of-the-art Economic Scenario Generators (ESGs). We do this for all types of insurance companies, such as life, non-life, health and composite insurers, both in our domestic market and across the globe.
The insurance sector is undergoing structural changes due to financial, economic and regulatory developments. As an insurer, you need to implement an appropriate (investment) strategy to find the right balance between the interests of various stakeholders. This is central to a good strategic risk management. Subsequently, close monitoring of your investment portfolio will ensure it remains in line with the strategic objectives and risk appetite. In addition, a high-quality ex-post performance analysis can help you make the right ex-ante decisions. This is laid out in the Ortec Finance Strategic Risk Management framework.
Thorough, effective, and independent
Ortec Finance combines state-of-the-art technologies, the latest academic developments, and practical experience to help you face these challenges. Our long-lasting collaboration with the academic community guarantees that our methodology is well-founded in scientific research. We also invest extensively in understanding the needs of our clients to ensure a smooth and practical application of our advanced decision-support software. We value our independence, which ensures we can provide the best level of support to our clients. Hence we refrain from any activities that could cause conflicts of interest (e.g. manager selection).
Structural financial, economic, and regulatory developments compel insurers to have a framework for continuous and consistent investment and risk management.
Different challenges, one solution
I would like to gain insight into my future potential for Capital GenerationThere is an ongoing shift in the way in which analysts and other stakeholders look at the financial performance of insurers. This is why Ortec Finance has positioned its asset and liability modelling framework (GLASS) to cope with a forward looking view of the components underlying your potential for capital generation.
How can I create consistency in risk management throughout the company?Ortec Finance offers a complete and consistent modelling framework (GLASS) for modelling insurance liabilities, asset classes, investment and dividend policies, and economic scenarios, both at Group level and for the underlying entities. Furthermore, this framework is ideally suited for all applications ranging from ALM and ORSA to monitoring.
I want to determine the impact of revisions in the Solvency II frameworkOrtec Finance's asset and liability modelling framework (GLASS) incorporates the Solvency II framework.It can provide a full breakdown of the SCR and Eligible Own Funds components for both the standard formula and an internal model approach.
How can I keep track of the feasibility of my strategic goals?Ortec Finance can support you in setting up a monitoring framework (Risk Navigator) that provides you with valuable insights into short term risks and ensures consistency with your ALM and ORSA calculations.
The variable retirement benefit is expected to result in slightly higher pensions.Stijn Spauwen, main Pension Actuarial advice & at DSM