Pulling forward thanks to our knowledge.

Pulling forward thanks to our knowledge.

December 2015

Herausforderungen an die Solvency II Reporting Datenqualität – Erkentnisse und Lösungsansätze aus der Vorbereitungsphase

Im vorliegenden Beitrag geht es darum, erste Erkenntnisse aus dem in der Vorbereitungsphase übermittelten quantitativen Berichtswesen an die zuständigen Regulatoren vor dem Hintergrund der qualitativen Anforderungen an die Daten zu analysieren und Lösungsvorschläge zur Verbesserung zu präsentieren.

December 2015

Die neue Standardmethode zur Behandlung des Gegenparteiausfallrisikos (SA-CCR)

Der Basler Ausschuss für Bankenaufsicht hat eine neue Standardmethode zur Bestimmung des Gegenparteiausfallrisikos von ausserbörslich und börsengehandelten Derivaten sowie Geschäften mit langer Abwicklungsfrist erarbeitet. Diese ersetzt per Anfang Januar 2017 die bisherige Standardmethode sowie die Marktbewertungsmethode.

October 2015

F# for Industrial Applications – Worth a Try?

F# is a functional first language. It is cross platform, open-source with professional development tools and backed by an active community. The popularity of F# steadily increased. It is used in specialized areas such as scientific computing, data science, machine learning, or for trading and risk applications.

September 2015

FinfraG Update: Release of FinfraV

On 20th of August 2015, the ordinance of FinfraG (FinfraV) was released, and the consultation period will last until 2nd of October 2015. For the first time, the implementation details are known in a draft status (counterparty classification thresholds, risk reduction obligations).

September 2015

Dr. Daniel Egloff at the Jazoon Conference Oct. 23rd 2015

Dr. Daniel Egloff will hold two speeches at the Jazoon TechDays, October 23rd 2015, at Technopark in Zurich Switzerland.

The goal of the conference is to give developers a profound insight into different topics about programming languages and emerging “fashionable” technologies besides Java.

At 10.20 a.m.: .NET Applications with GPUs and the cloud

At 1.20 p.m.: F# for industrial applications - worth a try?

Please find the detailed agenda and register for your ticket directly here:

Jazoon Website

September 2015

Solvency II: InCube Assets QRT Validator

During the production of the June 2015 Solvency II QRT interim measures submission, lacking data quality (completeness, validity and consistency) turned out to be an issue for several insurance companies. To establish a robust production process data quality needs to be validated as early as possible such that potential issues can be immediately resolved.

The InCube Assets QRT Validator tests whether the investment data provided for the QRT fulfils the EIOPA requirements before submitting to any potential reporting solution and the final XBRL generation.

August 2015

IFRS 9 "Financial Instruments" - part 2 "impairments"

In the first issue of this publication series on IFRS 9 we have covered the classification and measurement issues as well as the interactions with IFRS 4 Phase 2 (see February 2015).

In this paper we focus on impairments. The new impairment model of IFRS 9 is based on expected credit losses rather than incurred losses. It is therefore expected to result in the earlier recognition of credit losses. Insurers with large volumes of amortized cost and FVTOCI debt instruments will see the biggest impact, particularly on transition from IAS 39 to IFRS 9.

June 2015

Switzerland adopts international standards for financial market infrastructures

The Council of States and the National Council have intensely discussed their remaining differences regarding FinfraG this week. At the end the parliament came to an agreement on all remaining open issues.

June 2015

Entry into force of the partially revised Ordinance on the Supervision of Private Insurance Companies

On 25 March 2015, the Federal Council decided to bring the partially revised Insurance Supervision Ordinance (ISO) into force on 1 July 2015. This will result in changes in the supervision of private insurance companies and of insurance groups and conglomerates.

Solvency, qualitative risk management and disclosure in particular will undergo substantial changes. Adjustments will also be made to technical provisions, tied assets and the supervision of intermediaries, and some branch-specific provisions.

March 2015

Alea GPU released

Alea GPU, the first professional GPU software development environment for .NET, has been successfully released. 

Alea GPU, a truly cross-platform product, allows you to write GPU code once and run it on Windows, Linux or OS X. It improves productivity with first class tooling for coding, debugging and profiling and reduces development time with prefabricated GPU algorithms and specialized libraries. Alea GPU further increases agility with GPU scripting and a rapid prototyping REPL.

Get more information on Alea GPU by visiting the QuantAlea website, or directly download the Alea GPU packages on nuget:

QuantAlea website

Download Alea GPU on nuget

QuantAlea is a company of InCube Group.

March 2015

QuantAlea has launched its new website

QuantAlea, a company of InCube Group, has launched its new website. The company's flagship product, AleaGPU, provides the first professional GPU software development environment for .NET.

Visit the new website here:

QuantAlea

February 2015

IFRS 9 „Financial Instruments“ – important aspects for insurance companies

In this first issue on IFRS 9 we look at the classification and measurement of financial instruments under this new accounting standard. We provide an overview of the requirements and highlight the important aspects for insurance firms.

IFRS 9 requires from insurers decisions on the classification and measurement of financial instruments that may have large impacts on their financial results. Particularly, impacts that may result from the interaction between IFRS 9 and IFRS 4 Phase 2 “Insurance Contracts” have to be closely analyzed.

January 2015

Fundamental Review of the Trading Book; Part 2

This is the second issue in our series on the Basel initiative to fundamentally revise the trading book regulation known as “Fundamental Review of the Trading Book”. We present the new internal models-based approach, highlight its most important changes and features, and discuss major industry challenges in the light of the latest developments in the new set of rules.

(To read Part 1 of “Fundamental Review of the Trading Book”, please click here)