Munich [Germany], April 30 (ANI/PRNewswire): Nagarro, a global leader in digital engineering, today presented its audited financial numbers for 2021, its first full year as an independent company.

MUMBAI India and SINGAPORE and HONG KONG Sept 27 2021 PRNewswire -- Acies was awarded the Risk Management Consultant of the Year for its work with more than 15 Indian insurance companies and global banks on interest rate risk management The Asia Risk Awards 2021 virtual ceremony of Acies award was held on 27 September 2021 As demand for savings and annuity products increased significantly amid falling interest rates during the pandemic Acies headquartered in Indias financial hub of Mumbai acted swiftly in helping its insurance clients manage interest rate risk It achieved this with an extensive suite of strategies processes and technology We worked with some large banks with an intention of coming up with an industry solution that would allow insurers to de-risk the interest rate guarantee they give to the end-users says Muzammil Patel Managing Director at Acies Acies also engaged with banking and insurance regulators to address concerns modify product structures and enable a standardised roll-out to the industry to ensure responsible and sustainable growth of the forward rate agreement FRA product Acies work brought about transparency and standardisation in FRA pricing and valuation For insurance clients Acies provides end-to-end consulting services - including setting up risk management and accounting frameworks and a derivatives system The derivatives system Kore considers transaction entries daily mark-to-market updates daily margining and subsequently ledger entries to be passed onto the accounting system Finally Acies solutions also help generate risk measures that must be submitted to regulators We want to make sure the insurers are working on a fully-hedged basis that they are accounting for derivatives correctly and they can prove to the regulators they have the requisite offsets and risk capital says Muzammil Patel When that happens it gives them more latitude to de-risk the entire spectrum To know more about this award visit httpswwwrisknetawards7873981risk-management-consultant-of-the-year-acies About the Asia Risk Awards The Asia Risk Awards hosted by RiskNet is the longest-running and most prestigious awards for firms and individuals involved in the Asias derivatives markets and in risk management For a full list of award winners visit httpswwwasiariskcongresscomawards About Acies Acies is a multi-national firm comprising businesses focussed on providing technology applications and platforms consulting content and learning and development solutions and strategic investments implement skill and scale businesses to support growth and sustainability To know more about Acies visit httpswwwaciesconsulting or the LinkedIn Company page PWR PWR