Algorithmics News

IBM’s Algorithmics, Insurers Analyze Solvency II Compliance Preparation

Despite delays and complaints the European Union’s Solvency II regulations, which cover the insurance industry, are slowly but surely moving forward. While most of the industry is primarily concerned with the regulations governing capital requirements – Solvency II’s “Pillar I,” …

IBM to Acquire Algorithmics

IBM has agreed to acquire Algorithmics for $387 million. Algorithmics is a risk analytics firm with operations in Toronto, Canada. The company’s risk analytics software and advisory services are used by banks, investment and insurance businesses to help assess risk, …