'S-HERTOGENBOSCH, Netherlands and NEW YORK, May 22, 2012 (GLOBE NEWSWIRE) -- BWise, the global leader in Governance, Risk and Compliance (GRC) management software, today announced that it will collaborate with Moody's Analytics to offer the BWise Governance Risk and Compliance (GRC) platform in combination with Moody's Analytics' Solvency II Capital Requirement offering. The collaboration will help insurers seeking a streamlined, comprehensive risk management and governance solution to meet Pillar 2 Own Risk and Solvency Assessment (ORSA) requirements of the forthcoming Solvency II directive.
This integrated approach offered by Moody's Analytics and BWise will help insurance firms of all sizes take a robust and process-led approach to the management of regulatory compliance and the associated risk exposures within a dedicated and integrated enterprise risk management (ERM) and governance framework. BWise has optimized its Solvency II offering by enabling insurers to more easily embed a company-wide GRC system. This enables them to document, streamline and monitor GRC processes, a key requirement of Solvency II's Pillar 2.
"We are excited about our collaboration with Moody's Analytics and the benefits it will bring to insurers seeking a comprehensive Solvency II solution," said, Robert Pijselman, CEO of BWise. "Our GRC platform is a strong complement to Moody's Analytics data management and regulatory calculation and QRT reporting platform, offering insurers a robust solution for Solvency II compliance."
"Many insurers are already using Moody's Analytics regulatory calculation and reporting solution and Barrie & Hibbert's scenario generation services for their Solvency II Capital requirements. Through our collaboration with BWise, we can now offer our clients access to one of the leading GRC solutions for comprehensive Solvency II compliance and improved risk governance," said, Christophe Burckbuchler, Senior Director at Moody's Analytics.
BWise was recently acquired by NASDAQ OMX. For more information, visit www.bwise.com. For more information on Moody's Analytics Solvency II solutions, please visit www.moodysanalytics.com/solvency2
About BWise
BWise, a NASDAQ OMX Company, is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers a truly integrated and proven GRC platform.
With this platform, BWise supports an organization's ability to track, measure, and manage key organizational risks in one integrated system. By doing so, BWise helps customers to truly be in control by sustainably balancing their performance and financial and reputational risks. BWise enables customers to increase corporate accountability; strengthen financial, strategic and operational efficiencies, maximize performance, and better understand risks. Using BWise, organizations are able to comply with regulations such as Sarbanes-Oxley, ISAE3402/SAS-70, PCI, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, European Corporate Governance Codes and many more.
BWise provides for the GRC needs of hundreds of customers worldwide, across all industries. Customers include adidas, AEGON, Ahold, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. BWise has offices in the Netherlands, United States, Germany, France and the United Kingdom. For more information, visit www.bwise.com.
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