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IBM 00M-622 Exam -

Free 00M-622 Sample Questions:

Q: 1
What solutions comprise the Algorithmics Solutions Portfolio for Insurance?
A. IBM Algorithmics Economic Capital, Risk Management for Solvency II, and IBM Algorithmics ALM
B. IBM Algorithmics Integrated Credit, Market Risk, and IBM OpenPages SOX Compliance
C. IBM Algorithmics Strategic Business Planning and Cognos Business Intelligence
D. IBM Algorithmics Economic Capital, Risk Management for Solvency II: IBM Algorithmics Actuarial & Financial Modeling, and IBM Algorithmics Portfolio Construction and Risk Management for Fund Managers
Answer: D
*The Algorithmics Economic Capital and Solvency II solution supports the development of an internal model and/or a Standard Formula approach. It is designed to meet the needs of all insurers
*Algorithmics Actuarial and Financial Modelinginclude:
Algo Financial Modeler is an actuarial modeling system that helps insurers around the world meet regulatory compliance challenges such as Solvency II. It provides insurance companies with a holistic risk and value overview of the enterprise, enabling more effective, risk-informed decision making.

Q: 2
Which risk types do insurance companies need to consider in addition to Market Risk, when looking to improve their risk management processes?
A. Interest Rate Risk and Counter Party Credit Risk
B. Operational Risk, Credit Risk and Liquidity Risk
C. Liquidity Risk and Interest Rate Risk
D. Interest Rate Risk and Cross Asset Exposure Risk
Answer: B
Insurance Risk Management and Regulatory Compliance
IBM OpenPages works with insurers across the globe, enabling them to eliminate risk and compliance silos, manage risk across the business, sustain compliance across multiple regulations, and embed these activities into their core business practices. OpenPages can help you:
Meet new and evolving regulations including Model Audit Rule, Solvency II, NAIC, GLBA, AML and SOX
Automate compliance and supervision to help oversee business processes and employee activities, and review business processes against organizational policies and regulatory guidelines
Proactively manage all aspects of operational risk, including risk and control self assessments, scenario analyses, loss events and key risk indicators
Allocate capital efficiently using a risk-based understanding of profitability and performance of their operations

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