Guy Carpenter & Company has updated patent modelling tool MetaRisk Reserve to enable users to aggregate reserve risk in a portfolio.
The MetaRisk Reserve 4.5 release has updated its capabilities, making it easier to use and flexible to combine multiple lines of business.
It also features a modelling solution enabling users to supplement Guy Carpenter’s Annual Risk Benchmarks Report by estimating line of business correlation from company-specific data.
Steve White, chief actuary and head of enterprise analytics at Guy Carpenter, commented: “MetaRisk Reserve 4.5 gives clients the capability to address company-wide capital requirements by modeling a firm’s entire reserve risk portfolio.”
He added: “This new release reinforces Guy Carpenter’s commitment to helping our clients with Solvency II and Own Risk and Solvency Assessment reporting requirements.”
