Guy Carpenter & Company has been awarded a patent for MetaRisk Reserve by the US Patent Office for creating a unique and predictive model for the analysis of reserve risk.
“MetaRisk Reserve’s methodology provides insurance companies with a clearer picture of their reserve risk—the largest risk on their balance sheets. This leading-edge product reveals otherwise hidden inflationary trends in historical losses, and allows clients to determine what an inflation increase will do to reserves,” said Guy Carpenter in a recent release.
“MetaRisk Reserve also provides insurers the ability to more precisely assess the impact of reserve deterioration on profits and capital, and become more compliant with rating agency and upcoming ORSA requirements.”
Don Mango, vice chairman and head of enterprise analytics for Guy Carpenter, said: “The MetaRisk Reserve patent was the result of a two-year effort and demonstrates the outstanding and exclusive capabilities of this product.”
