Reinsurance broker Guy Carpenter & Co. L.L.C. on Thursday said it has released an updated version of its capital management decision-making tool, MetaRisk.
In a statement, the company said MetaRisk 7.3 contains a number of enhancements to its reinsurance, catastrophe modeling and capital modeling capabilities to help users meet enterprise risk management and Solvency II requirements.
For example, MetaRisk 7.3 supports direct data import from the model databases of the Touchstone platform of catastrophe modeling provider AIR Worldwide, the company said. The new version also includes a new feature called “Structure Mode” that streamlines the process of reinsurance evaluation and provides dynamic pricing comparisons.
“These latest improvements to MetaRisk 7.3 further emphasize our commitment to providing key decision-makers with a faster, deeper and more sophisticated view of the complex risk drivers throughout their business,” Donald Mango, vice chairman of enterprise analytics for Guy Carpenter, said in the statement.