Upgrades include further enhancements to reinsurance, catastrophe and capital modeling
New York, NY (Aug. 15, 2014) – Guy Carpenter & Company, LLC, the leading global risk and reinsurance
specialist and member of Marsh & McLennan Companies, has announced the release of
MetaRisk® 7.3, the latest version of the firm’s premier risk and capital management decision-making tool.
As the industry’s most dynamic and transparent risk and capital decision-making tool, MetaRisk allows a
company 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 and Solvency II and ORSA requirements. With the release of 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.
“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,” said Donald Mango, Vice Chairman of Enterprise Analytics for Guy Carpenter. “MetaRisk
7.3 represents the most innovative, powerful and efficient economic capital tool for our clients.”
MetaRisk 7.3 provides enhanced features in the areas of reinsurance, catastrophe modeling and capital
modeling. This latest update supports direct links to AIR Touchstone catastrophe model databases and
includes a new feature, called “Structure Mode,” specifically geared toward reinsurance users. The new
“Structure Mode” streamlines the process of reinsurance evaluation and provides a dynamic pricing view,
which allows for ad-hoc pricing and simple result comparisons instantaneously. This gives underwriters,
brokers and ceded reinsurance professionals more efficient decision-making when it comes to determining the
best reinsurance solutions.
The capital modeling enhancements reflect several new features including new methods for reserving by line
of business. MetaRisk 7.3 also provides improvements to usability and overall functionality including:
reinsurance contract clauses, new grid “views” for aggregates and lines of business, report sets by variation
that allow users to run only what is needed for each variation, and new advanced reporting capabilities in
MetaRisk 7.3 delivers a fully integrated platform that enables insurance companies to better understand the
drivers of risk, assess their options, and deploy their capital in a timely and efficient manner. It delivers
comprehensive underwriting, reserve, catastrophe, credit, and investment risk capabilities in a single
economic capital planning solution, providing users with the ability to make informed, proactive decisions
that expand the value of their business. MetaRisk is now licensed by over 100 companies and has more
than 700 users worldwide.
MetaRisk 7.3 is part of Guy Carpenter’s suite of economic capital modeling solutions and will be featured at
Guy Carpenter’s upcoming ERM and Capital Modeling Conference on September 8-10 in Las Vegas as
well as Guy Carpenter’s Asia Pacific MetaRisk Conference on September 18-19 in Tokyo.
New features of MetaRisk 7.3 include:
- Direct Links to AIR Touchstone Catastrophe Models – MetaRisk 7.3 supports direct import from AIR Touchstone model databases.
- New Line of Business Reserving Methods – MetaRisk 7.3 now supports blending of the traditional Expected Loss Method and the new “Ultimate Loss Method” for greater control of modeled reserves.
- Excess with Financials Contracts – Simplifies the modeling of ceded reserves.
- Enhanced Derived Inflations – Allows straightforward modeling of “stressed scenarios” by using inflation shocks.
- Accounting Treatment by Bond – Provides more realistic reporting in both GAAP and Statutory accounting standards.
- New Income Statement and Asset Reports – New reports break down Investment Income by type and asset, and report on individual assets including investment income and capital gains.
About Guy Carpenter
Guy Carpenter & Company, LLC is a global leader in providing risk and reinsurance intermediary services.
With over 50 offices worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital
market solutions* for clients across the globe. The firm’s full breadth of services includes line-of-business
expertise in agriculture; aviation; casualty clash; construction and engineering; cyber solutions; excess and
umbrella; excess and surplus lines; life, accident and health; marine and energy; medical professional liability;
mutual insurance companies; political risk and trade credit; professional liability; property; retrocessional
reinsurance; surety; terrorism and workers compensation. GC Fac® is Guy Carpenter’s dedicated global
facultative reinsurance unit that provides placement strategies, timely market access and centralized
management of facultative reinsurance solutions. In addition, GC Analytics®** utilizes industry-leading
quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the
firm’s clients more successful. For more information, visit www.guycarp.com.
Guy Carpenter is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global
professional services firm offering clients advice and solutions in the areas of risk, strategy and human capital.
With 54,000 employees worldwide and annual revenue of $12 billion, Marsh & McLennan Companies is also
the parent company of Marsh, a global leader in insurance broking and risk management; Mercer, a global
leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in
*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US
registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000.
Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe)
Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of
Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates
owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any
security, financial instrument, reinsurance or insurance product.
**GC Analytics is a registered mark with the U.S. Patent and Trademark Office.
SOURCE: Guy Carpenter