Active Asset Allocation (AAA), a France and Luxembourg-based fintech which specializes in investment strategies has won the ACA Insurance Innovation Award at the 8th edition of the ACA Insurance Days 2020. AAA won the award for its digital asset allocation management tools dedicated to finance and insurance companies.
Photo: Each company presented their solution to three insurance experts during a 3-minute online pitch / Credits © AAA
The event was organized last November by the Association of Insurance and Reinsurance Companies of the Grand Duchy of Luxembourg (ACA), the professional body of the industry.
Each of them presented their solution to three insurance experts during a 3-minute online pitch. This was followed by Luxembourg and European insurance and reinsurance professionals voting for the best project.
Innovative and Educational Solutions
“This award is in line with Active Asset Allocation’s desire to increase its activity in Luxembourg, where it has already been present for over a year, and to provide an innovative and educational solution to players in the insurance and reinsurance industry,” said the fintech in a press release. It expects to introduce its solution to insurance companies in Luxembourg.
Active Asset Allocation is a digital financial engineering company that designs solutions for institutional investors, pension funds, and asset managers; including asset allocation models based on risk management and stress test scenarios. AAA’s tools also include a robo allocator for advisors.
Founded about ten years ago, AAA is headquartered in Nice, France and is also located in the LhoFT. It operates in Paris, Amsterdam, and Irvine (California). It claims more than 20 Institutional clients and a shareholder base which includes MAIF Avenir, Innov’Allianz, Région Sud Investissement, and private investors.
Created in 1956, the Association of Insurance and Reinsurance Companies (ACA) is the professional organization representing insurance and reinsurance companies established in Luxembourg. It has a membership of 139, including 80 local and foreign insurers and reinsurers.
ACA’s main mission is to promote Luxembourg’s insurance and reinsurance sector at the national and the European level.