{"id":3418,"date":"2018-11-26T21:15:20","date_gmt":"2018-11-27T02:15:20","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/fwd-group-adopts-full-suite-bloomberg-buy-side-risk-solutions\/"},"modified":"2023-07-20T05:09:58","modified_gmt":"2023-07-20T09:09:58","slug":"fwd-group-adopts-full-suite-bloomberg-buy-side-risk-solutions","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/fwd-group-adopts-full-suite-bloomberg-buy-side-risk-solutions\/","title":{"rendered":"FWD Group Adopts Full Suite of Bloomberg Buy side Risk Solutions"},"content":{"rendered":"
\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n

Scalable risk management solutions prepare FWD for rapid investment growth and incoming global accounting and regulatory standards<\/em><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n

Hong Kong \u2013 Bloomberg announced today that FWD Group (\u201cFWD\u201d), one of the fastest growing insurers in Asia, has adopted Bloomberg\u2019s full suite of buy-side risk management solutions, including Bloomberg\u2019s Multi-Asset Risk System (\u201cMARS\u201d), its Asset and Investment Manager (\u201cAIM\u201d), its enhanced Portfolio and Risk Analytics solution (\u201cPORT+\u201d) 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.<\/p>\n

\u201cWe 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\u201d said Paul Carrett, Chief Investment Officer of FWD Group. \u201cIn 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.\u201d<\/p>\n

FWD uses Bloomberg\u2019s 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\u2019s MARS suite of solutions offers the group deep visibility into the risk profile of its derivatives books. In addition, FWD is using Bloomberg\u2019s IFRS 9 solution to manage the data workflow challenge of the SPPI test and other facets of the new accounting regulation.<\/p>\n

\u201cFWD has a growth vision that requires a Target Operating Model built around excellence in risk management,\u201d said Taran Khera, Bloomberg\u2019s Head of APAC. \u201cOur 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.\u201d<\/p>\n

For more information about Bloomberg\u2019s buy-side solutions, please click here<\/a> and for Bloomberg\u2019s regulatory and accounting solutions, please click here<\/a>. To learn how buy-side firms are optimizing data and technology to support their unique goals, please download our whitepaper, \u2018The Journey to Tomorrow\u2019s Buy-side Operating Model\u2019, here<\/a>.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n

About Bloomberg<\/strong><\/p>\n

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Professional service. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com<\/a> or request a demo<\/a>.<\/p>\n

 <\/p>\n

About FWD Group<\/strong><\/p>\n

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.<\/p>\n

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.<\/p>\n

Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group.<\/p>\n

For more information please visit www.fwd.com<\/a><\/p>\n

 <\/p>\n

Media Contacts <\/strong><\/p>\n