Korea's SK Life acquires Kamakura market risk system

"Kamakura's fully integrated credit risk, market risk and asset and liability management solution offers SK Life the ability to manage risk across the organisation in a comprehensive way in the years ahead," said Warren Sherman, president and chief operating officer of Kamakura Corporation.

Currently, the technology company's client list includes three property and casualty insurers in the country, while six of the largest insurance companies in Asia use the Kamakura Risk Manager system, the firm said. Unisys Korea will act as the systems integrator for the project, its ninth Kamakura Risk Manager installation project in Seoul.

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