Guy Carpenter & Company has launched two updates for its capital modelling tools, MetaRisk and MetaRisk Reserve.
The MetaRisk Reserve 5 update has added an application program interface that embeds within the client’s existing modelling interface to automate all aspects of a reserve risk study, which allows the actuary more time for critical analysis.
MetaRisk Reserve 5 also includes the Bornhuetter-Ferguson model, expands aggregation capabilities, and facilitates cloud computing to align with industry trends.
The MetaRisk 9 update will provide “performance enhancements” to the software.
Steve White, chief actuary and head of enterprise analytics for Guy Carpenter, said: “As insurance companies in an increasingly complex business environment look for competitive advantage, the updates to MetaRisk Reserve and MetaRisk illustrate Guy Carpenter’s commitment to innovation by leveraging improvements in technology and reserving methodologies to provide clients dynamic, easy-to-use platforms to manage capital more effectively.”
