Reinsurance broker Guy Carpenter has announced the launch of MetaRisk Live, a new tool to enable real-time reinsurance strategy optimization.
With MetaRisk Live clients will be able to evaluate instantly the impact of changes to their reinsurance structure, creating a dynamic process that supports a better understanding of buying decisions.
This tool facilitates enhanced collaboration to develop optimal reinsurance structures. It does this by leveraging the power of Guy Carpenter’s MetaRisk platform, a comprehensive suite of underwriting, reserve, catastrophe, credit and investment risk capabilities, the reinsurer explained.
MetaRisk Live generates easy-to-interpret results illustrating the effects of structure adjustments through custom performance indicators, which are tailored to the company’s unique key performance indicators or KPIs.
According to Guy Carpenter, this real-time evaluation enables a more efficient work process, designed to develop approaches fully aligned to reinsurance goals and objectives more quickly and effectively.
John Trace, CEO, North America, commented: “MetaRisk Live is a fantastic example of how we are innovating and collaborating with our clients to drive better and more-informed reinsurance decisions. Our ability to combine advanced analytics and critical thinking to deliver a dynamic, ‘live’ reinsurance structuring experience will help our clients better navigate today’s challenging market environment and bring our engagement to the next level.”
