FWD Group Adopts Full Suite of Bloomberg Buy side Risk Solutions

Scalable risk management solutions prepare FWD for rapid investment growth and incoming global accounting and regulatory standards

Hong Kong – Bloomberg announced today that FWD Group (“FWD”), one of the fastest growing insurers in Asia, has adopted Bloomberg’s full suite of buy-side risk management solutions, including Bloomberg’s Multi-Asset Risk System (“MARS”), its Asset and Investment Manager (“AIM”), its enhanced Portfolio and Risk Analytics solution (“PORT+”) and its latest IFRS 9 solution. Together, these technology solutions offer FWD the tools to analyze, model and monitor investment performance, with a transparent firm-wide view of investment risks across the region, and the workflow necessary to comply with the latest global regulatory standards.

“We knew early on that if we aspire to grow faster than our peers, we needed to invest in technology to help us operate even more efficiently” said Paul Carrett, Chief Investment Officer of FWD Group. “In this competitive industry where having an edge is critical, we knew it was an imperative to adopt best practices in risk management and stay ahead of global accounting standards, so we can be well prepared to comply with future regulation. Bloomberg has been a strategic partner in understanding our complex technology journey and bringing us to where we need to be in order to be successful.”

FWD uses Bloomberg’s AIM and PORT+ in its offices across Asia to analyze, structure and manage its $26bn in assets under management. FWD uses PORT+ to seamlessly share information on risk, performance and attribution simultaneously across its offices in the region. Full integration with Bloomberg’s MARS suite of solutions offers the group deep visibility into the risk profile of its derivatives books. In addition, FWD is using Bloomberg’s IFRS 9 solution to manage the data workflow challenge of the SPPI test and other facets of the new accounting regulation.

“FWD has a growth vision that requires a Target Operating Model built around excellence in risk management,” said Taran Khera, Bloomberg’s Head of APAC. “Our solutions are designed to be robust, agile and scalable, giving them better line of sight to complex risks in their portfolios. We are proud to have built the tools that future-proof the growing needs of insurers in the region and help them focus on growing their investments.”

For more information about Bloomberg’s buy-side solutions, please click here and for Bloomberg’s regulatory and accounting solutions, please click here. To learn how buy-side firms are optimizing data and technology to support their unique goals, please download our whitepaper, ‘The Journey to Tomorrow’s Buy-side Operating Model’, here.

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About FWD Group

FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance and employee benefits across a number of its markets.

FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group.

For more information please visit www.fwd.com

Media Contacts

• Asia, Robert Koh, +852-2977-6000, rkoh22@bloomberg.net
• US, Alyssa Gilmore, +1-212-617-4901, agilmore7@bloomberg.net
• EMEA, Anna Schoeffler, +44 20 3525 0776, aschoeffler1@bloomberg.net
• LATAM, Pam Snook, +212-617-7652, pamsnook@bloomberg.net