Practice to provide private sector solutions to relieve cost of catastrophes on government entities
New York, NY (June 26, 2015) – Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, has announced the release of MetaRisk® 8, the latest version of the firm’s premier risk and capital management decision-making tool.
MetaRisk 8 now features a number of new reporting and catastrophe modeling enhancements that provide greater flexibility and detailed reports. These expanded reports and database outputs can be incorporated into other systems and processes.
This latest version also introduces access to some of its functions via scripting. Scripts can now be written to create, modify, save and simulate MetaRisk projects – providing additional flexibility for the user. This is functionality that will continue to be expanded in future releases.
“With the release of MetaRisk 8, Guy Carpenter continues to increase the usability and overall functionality of its economic capital modeling tool in ways that allow our clients to better understand the drivers of risk, assess their options, and deploy their capital accordingly,” said Donald Mango, Vice Chairman of Enterprise Analytics for Guy Carpenter.
As one of the industry’s most dynamic and transparent risk and capital decision tools, 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 clients to meet the rigorous demands of enterprise risk management and impending Solvency II and ORSA requirements.
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; healthcare & life; marine and energy; 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 modelling 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 people. With annual revenue exceeding $13 billion, Marsh & McLennan Companies’ 57,000 colleagues worldwide provide analysis, advice, and transactional capabilities to clients in more than 130 countries. through: Marsh, a leader in insurance broking and risk management; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Marsh & McLennan is committed to being a responsible corporate citizen and making a positive impact in the communities in which it operates.
Visit www.mmc.com for more information.
*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/NFA/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. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. 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.