Ultimate Risk Solutions, LLC (URS), a developer of financial risk modelling software technologies, has entered into a strategic alliance with msg global solutions, a managed services provider focused on SAP solutions.
Under the new alliance, msg global’s deep industry knowledge and development capabilities is to be combined with URS’ advanced risk management suite, which, can be leveraged for regulatory capital management, asset modelling, ERM, reserving, and also price optimisation.
It’s hoped that the partnership will be beneficial for both companies, adding value to both parties by utilising existing resources, products and services. URS and msg global and their customers stand to benefit from the combination of risk modelling and core insurance and reinsurance systems.
Peter Umscheid, msg global Chief Executive Officer (CEO), commented: “We are thrilled to collaborate with the URS team. The URS solutions are a logical extension to our core insurance and reinsurance offerings.”
Alex Bushel, Founder and CEO of URS, said: “Our strategic alliance with msg is further evidence of our ongoing commitment to deliver the most advanced and easy to use financial risk modeling platforms that meet the rapidly evolving needs of our corporate decision-makers.”
