SunGard has created a new enterprise risk management (ERM) framework that will help support insurance companies' Solvency II (SII) compliance initiatives.
In collaboration with Microsoft and HP, SunGard has identified and packaged technology components and consulting services that can help insurance customers define and implement a comprehensive ERM technology framework that supports SII requirements. The framework comprises SunGard's iWorks ERM solution, HP's consulting services and infrastructure portfolio, and Microsoft's HPC and SQL servers.
The new framework will provide customers with a single ERM roadmap. The technology components are configurable to customers' unique requirements, and include hardware, software, and actuarial, data management, and implementation support. Identifying a configurable combination of solution and services helps customers eliminate process of defining and sourcing the components needed to build an ERM discipline across an organization.
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