Guy Carpenter & Company LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Companies, has launched MetaRisk Reserve 3.0, the latest version of its reserve risk-modeling tool.

In an effort to help improve Solvency II reporting, MetaRisk Reserve 3.0 is designed to measure the inflationary trends in insurers' loss triangles, Guy Carpenter said. Integrated with MetaRisk 7.2, Guy Carpenter’s risk and capital management decision-making tool, MetaRisk Reserve 3.0 is designed to enable insurers to assess the impact of reserve deterioration on profits and capital more precisely, and become more compliant with rating agency and upcoming ORSA requirements.

The predictive modeling capabilities of MetaRisk 3.0 enables companies to quantify reserve risk and consequently, allocate capital more effectively, refine reinsurance strategies and improve enterprise risk management, says Guy Carpenter. 

MetaRisk Reserve 3.0, which was awarded a U.S. patent earlier this year for its system for determining loss reserves, can be integrated into a spreadsheet so that analysis can be performed with any data, according to Guy Carpenter.

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