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A New Force in Australia - February 2003
EMB has increased its presence in the Australian market after linking up with Sydney based actuarial consultancy - The Quantium Group.
Quantium, formed in October 2002, is a young, dynamic company based in Sydney. It has already secured a strong client base including four of the five largest Australian general insurers. Its principal shareholders are Greg Schneider and Adam Driussi, who have years of experience in providing actuarial, analytical and statistical services. It is at the forefront of helping clients respond to the new regulatory environment that came in after the recent well publicized insurance and reinsurance failures.
"The new risk-based regulatory environment in Australia is complex," says Greg. "EMB's risk modelling software Igloo has the flexibility and user-friendliness to make it a valuable tool in helping our clients to understand their financial position and to devise the strategies most suited to their circumstances."
Prior to co-founding Quantium, Greg created and led the customer analytics practice of a big four accounting firm and Quantium has quickly established a growing client base in this sector. Adam was also a partner in a big four accounting and actuarial firm and his specialist area is personal lines.
Quantium will draw on the full range of EMB expertise, including financial modelling and dynamic financial analysis, to support their activities. They will also use and market EMB’s five actuarial software products: Igloo, EMBLEM, ResQ, PrisEMB and RePro.
For more information about The Quantium Group, see Biographies, International or www.quantium.com.au
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