Guy Carpenter and Company, a risk and reinsurance specialist, has released MetaRisk 7.1, an update to its risk and capital management software tool, which is aimed at treasurers and other finance professionals who want to model catastrophic risk scenarios, reserves scenarios and reinsurer default risk, among other things.
The updated platform offers access to a variety of new features and enhancements that will improve usability, increase overall functionality and enable the development of more accurate and efficient risk and capital models, claims Guy Carpenter.
MetaRisk provides users with the ability to see, understand and interact with the drivers of risk, assess options accordingly, and make informed, proactive decisions to grow the value of their business. The platform is integrated to provide comprehensive underwriting, reserve, catastrophe, credit and investment risk capabilities.
MetaRisk 7.1 also allows a company to communicate its risk processes and decision rationale to all constituents – from management to shareholders, regulators and credit rating agencies (CRAs). In addition, it enables users to meet the rigorous demands of Enterprise Risk Management (ERM) stipulations and the impending Solvency II capital adequacy requirements for the insurance sector.
“This newest instalment of the MetaRisk platform delivers access to new business-critical intelligence that was not available before and illustrates our commitment to continue to invest in developing leading-edge products and services for our clients,” said Don Mango, head of enterprise analytics at Guy Carpenter. “With this upgrade, users will be able to quickly identify the drivers of adverse risk scenarios, run sensitivity analysis and dynamically evaluate alternatives to mitigate risk and find opportunities to grow their business profitably.”
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