Numerix Excels in Chartis' STORM Ranking Report with Multiple Awards and Top Rankings
June 18, 2024 – Numerix, a leading capital markets front-to-risk technology provider, has placed firmly in the third iteration of the Chartis STORM Ranking Report. STORM stands for Statistical Techniques, Optimization frameworks, Risk Models (of all types). This year, Numerix advanced to second position in QuantTech50, climbed to third in InsuranceAnalytics50, and ranked fifth in BuysideRisk50.
The unique series ranks and awards key technology providers across four distinct reports: QuantTech50, RetailFinanceAnalytics50, InsuranceAnalytics50, and the newly added BuySideRisk50. The report reviews factors such as cross-sectional capabilities, pricing and market risk, credit risk and banking book analytics, portfolio and risk management analytics, insurance ALM, risk management and pricing.
“We are thrilled to have placed high among the hundreds of companies evaluated. At Numerix, we work to empower institutions in financial markets and insurance to seize opportunities amidst uncertainty by delivering unparalleled accuracy, transparency, and innovation. These rankings are a testament to that commitment,” explained Chief Product Officer Satyam Kancharla.
QuantTech50, a prestigious ranking that reviews cross-sectional capabilities, pricing and market risk, credit risk, and banking book analytics, placed Numerix in a remarkable second place. This achievement is one spot higher than the company's third place ranking in 2023, showcasing Numerix's continuous growth and competitive edge. Furthermore, Numerix was honored with nine QuantTech50 awards, including Innovation in xVA Analytics.
In the InsuranceAnalytics50, Numerix secured the number three spot and received a category award for Structured Products/Variable Annuities. This award emphasizes Numerix's expertise in providing advanced analytics for the insurance industry. This ranking is also one spot higher than Numerix’s 2023 ranking.
Lastly, Numerix excelled in the newest category, BuySideRisk50, ranking in fifth place and winning three awards, including for Structured Note Analytics. This latest category measures portfolio and risk management and performance analytics, showcasing Numerix's relentless pursuit of innovative risk management solutions for the buy-side sector.
Russell Goyder, Chief Analytics Officer, highlights the strategic significance of Numerix's 2023 acquisitions of FINCAD and PolyPaths. He states, "These moves have further strengthened Numerix's solutions, ultimately enabling us to address our customers' complex challenges through advanced quantitative analytics and technology. This is clearly reflected in Numerix's rise in this year's Chartis STORM rankings."
Chartis Research is described as the leading provider of research and analysis on the global market for risk technology. For more information about Numerix and its award-winning campaign, please visit www.numerix.com.
About Numerix: Since Numerix's founding in 1996, the company has been at the vanguard of financial technology, providing groundbreaking expertise, quantitative analytics, and software that redefines pricing and risk management in the financial markets. With the strategic acquisitions of FINCAD and PolyPaths, Numerix has further strengthened its leadership position, empowering financial institutions worldwide to transform risk into opportunities with confidence.
Numerix is headquartered in New York City with offices around the world in major financial centers which allows for immediate access to the latest trends, innovations, and thought leaders in the industry. This extensive network across the Americas, EMEA and Asia-Pacific enables Numerix to offer localized support and services to its diverse clientele while drawing on global insights and expertise.
