Agam Capital to Advise Empower in the Development of a Risk-Driven Asset Liability Modeling (“ALM”) Platform

Business Wire

Extends pALM Analytics in the Retirement Services and Wealth Management Sectors

TEANECK, N.J.--(BUSINESS WIRE)-- Agam Capital (“Agam”), a global leader in insurance-related asset and liability analytics, is advising Empower, a leading retirement services and wealth management provider in the United States, in the development of an ALM modeling platform designed to enhance capital and risk management. This strategic engagement leverages Agam’s unique pALM analytical platform and differentiated capabilities to develop a holistic framework for ALM and ERM oversight.

“Effective risk management is foundational to how Empower operates and delivers on its commitments to customers. Our collaboration with Agam Capital represents an important step in advancing our asset liability management capabilities, bringing greater sophistication and insight to how we evaluate risk, manage capital and make long-term decisions,” said Empower Chief Risk Officer John Bevacqua.

Agam’s Co-Founders, Chak Raghunathan and Avi Katz, said, “We are excited to leverage our analytical capabilities with Empower as they continue to build a comprehensive workplace financial services platform. We appreciate the collaboration with the respective teams in the execution of this important milestone and look forward to partnering on a wide variety of capital and risk management solutions.”

About Agam Capital

Agam is a global leader in insurance related asset and liability analytics. Founded in 2016, Agam operates the pALM ecosystem, a differentiated analytical platform for balance sheet optimization across the insurance industry. This proprietary Asset Liability Management (ALM) platform supports Agam’s strategic partners in exceeding their capital and growth targets. With a fully embedded Dynamic Strategic Asset Allocation (DSAA) and Enterprise Risk Management (ERM) infrastructure, pALM supports Agam’s ability to offer one stop, turnkey insurance solutions to global clients in various regulatory jurisdictions.

Agam’s team of experts have a global reach with offices in the USA, Canada, Bermuda, India and Japan. In addition, Agam ISAC Bermuda, which offers a comprehensive suite of operational, management and governance services to Bermuda based reinsurers, is fully licensed as a Class E insurer by the Bermuda Monetary Authority (BMA).

About Empower

Recognized as a leader in retirement services and wealth management,Empower administers more than $2.1 trillion in assets for more than 20 million individuals through the provision of workplace and individual retirement plans, advice, financial planning and investments. Connect with us on empower.com, Facebook, X, LinkedIn, TikTok, and Instagram.