12 SEPTEMBER 2024 – Tokyo – Numerical Technologies (“NumTech”) is pleased to announce that Nippon Life Insurance Company (“Nippon Life”) has adopted its SaaS-based financial risk management solution, NtSaaS®, to comply with economic value-based solvency regulations. Nippon Life will utilize NtSaaS to calculate market and credit risks as part of the common model (regulatory model) for economic value-based solvency regulations, which are set to be implemented in 2025.
30 JUNE 2023 – Tokyo – Numerical Technologies (“NumTech”) announces the successful upgrade of NtSaaS® for Sumitomo Life Insurance Company (headquartered in Osaka, “Sumitomo Life”). The upgraded solution aims to enhance internal management models and ensure compliance with the forthcoming economic value-based solvency regulations, scheduled to be introduced in 2025.