California- based Pacific Life Insurance has entered into a subscription agreement for the RiskSpan's Velocity analytics system.
RiskSpan’s Velocity will empower the insurer Pacific Life with portfolio analysis and management capabilities for agency and non-agency RMBS securities, treasuries, corporates, swaps, swaptions and other OTC derivatives.
The new analytics system allows subscribers to use RiskSpan’s loan-level credit and prepayment scenario models, and includes flexible and customizable reporting integrated with loan-level historical performance data.
Using the Velocity solution, users can generate scenario analysis across different home price scenarios, interest rates and other relevant factors, all run over cloud-enabled computation infrastructures.
RiskSpan’s offerings include analytics and risk modeling application RS Velocity, pricing and valuation solutions and consulting services.