Friday, October 3, 2008

National Council for Social Security Fund of the People's Republic of China Standardizes on S-PLUS®

SSF will deploy S-PLUS as its predictive analytic and reporting platform for risk management and investment performance

SEATTLE - February 26, 2007 -

Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, announced today that the National Council for Social Security Fund (SSF) of the People’s Republic of China has selected Insightful’s S-PLUS® as its primary analytics platform for building the SSF’s internal metric system for risk management and investment performance.

SSF, established to manage and operate more than $25 billion in assets of the National Social Security Fund, chose Insightful’s S-PLUS product family after a thorough analysis of most of the commercially available statistical software packages available. SSF will use the Insightful platform’s advanced quantitative and scientific approaches to build predictive models in order to accurately predict risk and thereby minimize economic surprises. By developing an S-PLUS-based investment performance system, the fund’s goals are to improve returns and manage risks more effectively.

“Given our mandate for building an internal metric system for risk management and investment performance, we needed a strong analytics platform that will help us to quickly build and test predictive quantitative models,” said Mr. Su Yuansheng, project leader of Information Research Division of SSF. “We chose S-PLUS over competitors including SAS and SPSS because of the economic value it provides with its flexible and rapid prototyping and its proven capabilities in modeling and analyzing financial market data.”

In addition to S-PLUS, SSF will also be deploying Insightful’s S+FinMetrics® and S+NuOPT™. S+FinMetrics is a specialized software solution for modeling, analyzing, and visualizing financial market data. The software offers a modern, and flexible analytic environment for reliable and robust, predictive econometric modeling. S+NuOPT combines powerful statistics and graphics with large-scale optimization problem solving. It is specifically designed to optimize large portfolios of assets and liabilities. By deploying Insightful’s analytics platform, SSF can quickly develop an investment metric system that enables better decision making in risk and performance management.

“We are very pleased to have the S-PLUS product family selected by the National Council for Social Security Fund after such a thorough and rigorous evaluation process,” said Jeff Coombs, president and chief executive officer of Insightful. “Being selected by the SSF is not only highly prestigious for Insightful, but an important step in our strategy to build Insightful’s presence in China.”

ABOUT SSF
In August 2000, the Central Committee of CPC and the State Council established a National Social Security Fund (NSSF), and set up National Council for Social Security Fund (SSF) for managing and operating the NSSF's assets. NSSF aims to be a solution to the problem of aging and serves as a strategic reserve fund accumulated by the central government to support future social security expenditures. SSF is responsible for the management and operation of NSSF, including selecting investment managers and custodians of the NSSF, to mandate them with and to monitor the investment operation and custody of the NSSF assets, and to invest directly in prescriptive markets in accordance with the related laws and regulations. During the past few years the SSF has diversified its investments and in 2004 the State Council agreed that NSSF could be invested in overseas markets.

Statistical analysis software

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