• Partnership with distribution consultancy Euronet expands FRS’s presence in Europe.
  • Enables expansion of FRS’ business with Life companies in the Benelux region.
  • Event at Residence of Ambassador of Ireland in Luxembourg to launch the partnership.

Dublin, 28 May 2013 – Financial Risk Solutions (FRS), the Dublin based provider of InvestPro™ software for Life and Insurance companies, has expanded presence in mainland Europe.

Through a strategic partnership with Euronet, a distribution consultancy for insurance, investment and software companies, FRS will continue its expansion in mainland Europe.

The partnership operation will be headed by Paul Daelman, founder of Euronet. Mr Daelman has a wealth of experience in the market, having held several senior positions in major European Insurance companies and Investment management companies throughout his 30-year career.

Peter Caslin, CEO at FRS comments “A partnership with Euronet will enable us to further develop our relationships with clients in mainland Europe. Paul’s skillset and that of his team are real assets to FRS, and we look forward to working with them to grow our business.”

Paul Daelman says, “Technology plays a fundamental role in unit pricing and fund accounting in the Life industry. The InvestPro™ software is specifically designed for this industry. FRS is a forward-thinking company that knows the market well and we are excited to be working with them.”

The partnership was launched at the Residence of the Ambassador of Ireland in Luxembourg on Thursday May 16th.

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Notes to Editor

About Financial Risk Solutions (FRS)

Financial Risk Solutions Ltd (FRS) is a leading provider of unit pricing and investment administration software specifically designed for the Life Assurance industry. It was founded in 1999 by actuaries and IT specialists and is one of the leading software providers in its sector.

Its Invest|Pro™ product suite is a recognised leading benchmark in the life assurance investment administration market and clients are some of the biggest brands in Life Assurance and Third Party Administration including Accenture Insurance Services, MetLife, and IFDS.

Invest|Pro™ is a modular software system for investment administration that can manage unit pricing and portfolio valuations, asset/liability unit matching, box management, trade order management, investment accounting, financial reporting and compliance with investment mandates in a single application. Product types covered include unit-linked funds, portfolio bonds, self-invested/directed pensions, shareholder funds and with-profit funds.

For more information visit http://www.frsltd.com