Numerix Releases Modeling Software for Annuities

New York-based Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has introduced Numerix Leading Hedge, software providing risk management and hedging for annuity products.

“The post financial crisis environment has created new challenges for variable annuity managers and the call for more effective risk and hedging strategies presented a unique opportunity for Numerix to innovate and bring model enhancements from capital markets to the insurance industry,” Numerix president and COO Steven O’Hanlon says in a statement. “With Leading Hedge, clients are able to quickly model and hedge the most complex design features such as target volatility and constant proportional portfolio insurance."

Numerix claims the software facilitates faster time to market and effectiveness of hedging programs. Client access to payoff code makes it easy to introduce new products as well, the company says.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio