Phoenix Insurance adopts Bloomberg solutions for enterprise-wide digital transformation

Bloomberg announced today that Phoenix Insurance (“Phoenix”) has adopted an integrated suite of Bloomberg buy-side workflow solutions to streamline risk and portfolio management. Phoenix is a leader in Israeli multi-line insurance, asset management, and financial services.

Buy-side firms are increasingly looking for a technology partner that can help them manage portfolios and risks in a flexible and transparent way, generate alpha for clients and ensure they stay resilient in various market conditions. Bloomberg’s integrated buy-side workflow solutions enable traders, portfolio and risk managers to seamlessly manage strategies and portfolios throughout the full risk management process.

Yoav Caspi, Deputy CIO, OPM at Phoenix said: “We are pleased to partner with Bloomberg on our journey of digitalization while we prepare for future growth. We required a reliable system that has the capability to manage portfolio activity at the user level, while simultaneously communicating risk and performance attribution measures to stakeholders across all asset classes and instrument types. Bloomberg’s solutions makes this and the overall technological integration of our key functions possible.”

David Strevens, Head of EMEA Buy-side Enterprise Products at Bloomberg LP, said: “We are pleased that Phoenix has chosen Bloomberg to support its digital transformation journey. We are constantly striving to provide clients with technology to help operational accuracy, stability and efficiency, and take a consultative approach to deliver a comprehensive solution.”

The solutions Phoenix will adopt include:

– PORT Enterprise, a multi-asset portfolio and risk analytics solution that delivers advanced risk and return attribution models, as well as efficient post-trade analysis including transaction information and market data, as well as automated reporting.

– MARS, Bloomberg’s Multi Asset Risk System, a suite of risk management solutions delivered on the Terminal and via APIs that enables front office, risk and collateral professionals to analyze trading and investment portfolios, manage portfolio exposure and market risk.

About Bloomberg
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