Guy Carpenter & Company, a global risk and reinsurance specialist of Marsh & McLennan Companies, has rolled out an updated version of its risk and capital decision tool. The MetaRisk allows users to interact with the drivers of risk to understand systemic and unique risk sources, reflect correlations among assets and liabilities, allocate capital and the cost of reinsurance, monitor earnings and quantify overall capital adequacy.

The new version, called MetaRisk 6.0, produces results up to 10 times faster, allows for easy demonstration of best practices and validation of users’ risk and capital model with all constituents. It also supports U.S., U.K., French and German GAAP accounting standards. It evaluates earned premium based on the input of written premium and earning patterns as well as features automatic calculation of reserve development factors.

Click here for the release from Guy Carpenter.