Posts Tagged ‘High-Performance Computing’

MetLife Boosts Processing Power, Speed and Efficiency High-performance computing is often aimed at achieving new levels of processing power and speed. At MetLife, a new centralized high-performance computing environment and workflow process has not only achieved those goals, but has also streamlined a complex legacy environment and delivered stronger controls over actuarial models. Using Microsoft HPC ... Full story

Financial market firms face a unique set of workflow challenges. Massive amounts of data that need to be pulled from various business units within the enterprise make it a challenge for analysts to do their job quickly. Time is money, and any delay increases the probability of losing the deal to the competitor down the ... Full story

By Addison Snell, VP/GM, Tabor Research Global economic turmoil affects us at both organizational and individual levels. As companies cut staff to reduce expenses, investors anxiously review their portfolios. If we lose our jobs, we want savings to fall back on. Let’s face it: a lot of us are in a bad mood. We’re frustrated, nervous, and even angry. ... Full story

Efficiency and productivity are back at the top of the list of every CIO and CTO. Almost a decade ago the financial community found itself trying to weather the economic downturn of the dotcom collapse. Reducing headcount, slashing budgets, projects canceled or put on hold are again the norm. Unfortunately, the computational requirements faced by firms today are not decreasing. Increasingly sophisticated financial products, complex hedging ... Full story

  In response to the current financial crisis, financial institutions are trying to restore trust and confidence by focusing on their core business. S.R. Ramaswami, Executive Vice President of Polaris Software Lab, explains how its customers are leveraging HPC to satisfy customers and comply with regulations through improved operational efficiency, risk management and product pricing. WFS: How have ... Full story

David Dorfman, a specialist in computational modeling for Microsoft, recently shared his thoughts on using HPC Server to improve performance and reduce actuarial modeling costs. WFS: Why is the insurance industry facing increasing demands for computational modeling? DD: A number of factors are driving demand… new regulatory requirements, support for equity risk hedging and Enterprise Risk Management (ERM) ... Full story

New regulations and rapidly changing market conditions are increasing the demand for more sophisticated analysis in shorter timeframes. Van Beach, MG-ALFA Director of Business Development at Milliman explains how HPC helps actuaries and risk managers work more efficiently and effectively to handle the increased workloads. WFS: What challenges do your clients face in today’s environment? VB: Financial modeling ... Full story

  Many insurers want to partner with a large IT company that can provide an end-to-end High-Performance Computing (HPC) solution. Teri DeWalt, HPC Financial Services Marketing Manager, and Alan McCarter, HPC Financial Services Sales Executive at IBM talk about the company’s complete offering, which includes consulting and implementation services, hardware, middleware, and cloud computing. WFS: How does IBM ... Full story

The demands placed on actuarial software have never been higher, thanks to a combination of the evolving regulatory environment and advances in modeling techniques. What is more, the pressure being put on organizations’ IT resources to cope with these changes will only become more intense. The solution though lies in leveraging an enterprise-level high-performance computing (HPC) architecture, says Marc Fakkel, Head of Operations with SunGard ... Full story

Regulation such as Solvency II, principle-based approaches and volatility in the markets are driving the need for more complex actuarial/financial models and greater computing power. According to Brian Heale, Product Director at Towers Perrin, insurers would benefit by migrating from their desktop systems to an enterprise IT environment with the computing power, security, audit capability ... Full story