Guy Carpenter has updated its MetaRisk tool with new functionality that could improve usability and increase overall functionality.
Following the update, the software now supports direct input from third party model databases, and bulk data uploads of event loss files.
In a statement, the company said that the improvements will provide faster and more efficient modelling capabilities with even greater accuracy and transparency of results.
MetaRisk aims to provide users with the ability to make informed decisions that expand the value of their business. The platform is integrated to deliver comprehensive underwriting, reserve, catastrophe, credit and investment risk capabilities in a single economic capital planning solution.
Donald Mango, vice chairman of enterprise analytics for Guy Carpenter, said: “Capital allocation decisions are among the most important assessments made by company management and this latest version of MetaRisk represents the most innovative, transparent and effective economic planning tool for our clients.”
