12 MARCH 2021 – Tokyo – Japan Post Insurance Co., Ltd. (Headquarters: Tokyo, “Japan Post Insurance”) has selected NumTech’s Software-as-a-Service (“SaaS”) enterprise risk management solution, NtSaaS.
As the economic value-based solvency regulation is coming into place, Japan Post Insurance has committed to a dramatic restructuring of their market VaR risk management system, which will provide a standardised risk measurement method to meet the needs of this new regulation. Also, this new system is able to rapidly support any future changes in asset management strategy. For this purpose, a SaaS solution has been selected. It enables a shorter system implementation period, lower system maintenance costs, and easier functional enhancements.
NumTech’s NtSaaS was selected as it was able to meet the needs of Japan Post Insurance’s fundamental functional requirements such as standardised calculation methods, portfolio analysis functions, and calculation speed. NtSaaS also scored highly for the below areas: calculation method expansion (to include Monte Carlo method and credit risk measurement), reliable security features, quality control systems, and maintenance costs.
NtSaaS is a SaaS application that adopts the same risk management calculation engine which is widely proven and accepted by NumTech’s clients globally. The benefits of NtSaaS are that it frees clients from physical server ownership, system failures troubleshooting, and regular OS updates. Additionally, NumTech’s engineers with strong domain knowledge will provide ongoing services such as system installation to operation and maintenance, and the expansion of the system features.