RiskSpan's Velocity™ Licensed by Pacific Life Insurance Company

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Jul 06, 2011, 06:00 ET

WASHINGTON, July 6, 2011 /PRNewswire/ -- RiskSpan is pleased to announce that Pacific Life Insurance Company has entered into a subscription agreement for the RiskSpan Velocity™ analytics system. Velocity™ will empower Pacific Life with portfolio analysis and management capabilities for agency and non-agency RMBS securities, treasuries, corporates, swaps, swaptions and other OTC derivatives.

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The Velocity™ platform allows subscribers to use RiskSpan's loan-level credit and prepayment scenario models, and includes flexible and customizable reporting seamlessly integrated with loan-level historical performance data. Through Velocity™, users can generate scenario analysis across different home price scenarios, interest rates and other relevant factors, all run over cloud-enabled computation infrastructures.

"We are pleased and optimistic about the introduction of RiskSpan at Pacific Life," said Mike Yetter, AVP Investment Services, Enterprise Risk Management. "We feel the integration of RiskSpan into our toolkit will enhance portfolio management's trading capabilities as well as increase the efficiency and scalability of the downstream RMBS analysis processes. We found RiskSpan's offering to be user-friendly, providing a strong integration of market / vendor data backed by a knowledgeable and responsive support team."

"We are excited to have Pacific Life as a client as we expand our subscription services to the insurance industry," said Bernadette Kogler, President of RiskSpan. "Our patented scalable technology and experienced team is perfectly positioned to assist large institutions with their analytics, valuation and risk management needs."

RiskSpan is a leading provider of analytical software, pricing solutions, and consulting services to the mortgage- and asset-backed securities and whole loan markets. Founded in 2001, RiskSpan employs sixty-plus professional across offices located in Stamford, CT, Washington, DC and Chennai, India.

RiskSpan's offerings include:

RS Velocity™, a highly scalable analytics and risk modeling application providing visibility and control to address investment analysis, risk surveillance, stress testing and compliance requirements.
Pricing and valuation solutions, combining transparent pricing methodology with aggregated market data to provide an independent price to clients in their "mark-to-market" processes.
Consulting services, bringing industry expertise to your firm's efforts in risk management, regulatory compliance, process re-engineering, vendor performance and data management.

Media Contact: Allen Jones, 703-956-5200, [email protected]

SOURCE RiskSpan