P+ enters agreement with Datasolvr on the ALM solution for risk management

P+ has decided to use the ALM solution for stochastic calculation of provisions to meet the Danish Financial Supervisory Authority’s requirements within Solvency II and to achieve even stronger risk management.

Shortly after Datasolvr and Keylane joined forces, Datasolvr succeeded in welcoming a new customer to the ALM solution. The agreement between Datasolvr and the Danish pension fund P+ covers the implementation of the ALM solution, which will make it easier for P+ to carry out stochastic calculation of provisions to stay ahead of Solvency II requirements and industry standards.

Søren Kolbye Sørensen, CEO at P+, says: “For the past four years, we have had a strong and trustful collaboration with Datasolvr, so when they offered the ALM solution, it was a natural choice for us to continue our relationship. The agreement gives us the best conditions for creating business value and complying with legal requirements now and in the future.”

Signe Amdi Holm, Co-founder & CEO at Datasolvr, adds: “For strong risk management, the ALM solution is extremely relevant in the life and pension industry, and with this agreement P+ shows confidence in us. We are both humbled and proud, and very much looking forward to the implementation and close collaboration with P+.”

Stronger risk management
With the ALM solution from Datasolvr, P+ will achieve stronger risk management through the following application options:

• Input for the GAP analysis
• Calculation of Solvency II balance by stochastic methods
• Consolidation of budget projections, capital plan, definition of depot interests, ad hoc analyses, etc.
• Advanced risk management regarding linking the investment strategy to the customer’s actual commitments

Value of Valuation/ALM
Datasolvr’s offer to the life and pension industry is a complete solution containing the following:

• Cashflows for modelling customer obligations – Valuation
• A projection engine – ALM, that links assets and liabilities with customer-specific business rules, applicable law and industry standards.

In addition to supporting the industry in complying with the guidelines from the Danish Financial Supervisory Authority on quantification of provisions for solvency purposes under Solvency II compatible methods, ALM can also be used for the actuary’s report, prudent person principle, business planning, risk appetite and scenario analyses, as well as budget and budget forecasts.

Please contact Signe Amdi Holm, Co-founder & CEO, at signe@datasolvr.com, if you would like to hear more about the ALM solution.

About P+

P+ is the pension fund for academics. P+ is a 100% member-owned pension fund, where all profits are shared among 100,000 members, who together have 150 billion DKK. This makes P+ one of Denmark’s 10 largest pension companies. For more information visit www.pplus.dk.

Datasolvr & Keylane partnership

In March 2021, Keylane and Datasolvr entered into a partnership to meet life and pension companies’ future needs for risk management and complex calculations relating to Solvency II compatible methods and similar industry regulations.

The partnership includes servicing and further development of Keylane’s risk management solutions Valuation/ALM for the benefit of the customers of both Keylane and Datasolvr, as well as new customers. For more information about Datasolvr visit www.datasolvr.com.