Profit Software hosts actuary event in South Africa

More than 50 Nordic actuaries are to join Profit Software for a banquet in Cape Town, South Africa on the sidelines of the International Congress of Actuaries 2010.

Invitees to the banquet, held at celebrity chef Gordon Ramsay’s Restaurant Maze, are primarily from the Nordic life and pension sector; a market where Profit Software is increasingly focusing its efforts.

“Profit Software is extremely pleased to be able to bring so many Nordic actuary counterparts together here in Cape Town, in recognition of the great respect we have for the actuarial function and community,” said the company’s in-house actuary Jari Niittuinperä, recently elected to the board of the Actuarial Society of Finland. “Advanced mathematics really is the cornerstone of Profit Software’s success, with our mathematical engine driven by some of the industry's most advanced support for retroactive calculations.”

This year’s International Congress of Actuaries (ICA 2010), which takes place in Cape Town from 7 – 12 March, has drawn more than 1500 insurance representatives from over 100 countries.

About Profit Software
Profit Software offers a suite of web-based software products that allow insurers, banks and financing companies to create and provide life, pension, property and casualty insurance services, as well as long-term savings agreements. Since the foundation of Profit Software in 1992 we have served more than 40 clients in nine countries. Today, we lead the market for insurance software solutions in Finland and the Baltic States, and have a growing network of customers in Norway, Sweden and Central & Eastern Europe. Our headquarters are in Helsinki, Finland, and we have subsidiaries in Tallinn, Estonia, and Warsaw, Poland. Profit Software employs approximately 120 people.