NumeriX
23 Case Studies
Case Study: Samsung Fire & Marine Insurance achieves IFRS 4 readiness with NumeriX Economic Scenario Generator
A NumeriX Case Study
Samsung Fire and Marine Insurance - Customer Case Study
Samsung Fire & Marine Insurance, a major Korean property and casualty insurer, needed a better way to generate risk-neutral economic scenarios and assess the impact of IFRS 4 on its balance sheet ahead of upcoming regulatory requirements. The company turned to NumeriX and its Economic Scenario Generator, using a 2-factor interest rate model to capture the changing steepness of the interest rate curve over time.
NumeriX implemented the ESG solution to support market-consistent valuation and IFRS readiness, and Samsung Fire & Marine Insurance is now reporting market-consistent values of liability contracts to executives every quarter. The project helped SFMI prepare early for IFRS 4 compliance and strengthened its position as an innovative market leader, backed by NumeriX’s validated model library and expertise.
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