Guy Carpenter, the global risk and reinsurance specialist and member of Marsh & McLennan Companies (NYSE: MMC), has released MetaRisk 7.3, the latest version of the firm’s risk and capital management decision-making tool.
MetaRisk allows companies operating in the insurance and reinsurance sectors to communicate its risk processes and decision rationale to all constituents, from management to shareholders, regulators and rating agencies.
It also enables users to meet the rigorous demands of enterprise risk management (ERM) and Solvency II and Own Risk and Solvency Assessment (ORSA) requirements.
With version 7.3, “the platform has evolved to offer deeper access to a variety of databases and risk intelligence that enables users to quickly evaluate and mitigate the risks most salient to their business,” the firm added.
“These latest improvements to MetaRisk 7.3 further emphasise our commitment to providing key decision-makers with a faster, deeper and more sophisticated view of the complex risk drivers throughout their business,” said Donald Mango, vice chairman of enterprise analytics for Guy Carpenter.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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