Guy Carpenter releases MetaRisk 6.0, an updated risk and capital decision tool

Guy Carpenter & Company LLC, a global risk and reinsurance specialist and a member of Marsh & McLennan Companies (NYSE: MMC), has released MetaRisk 6.0, the latest version of the firm’s risk and capital decision tool.
MetaRisk now features a number of new capabilities and enhancements:
•Greater speed and performance: Through the use of multiple processors, MetaRisk can run millions of simulations and produce results up to 10 times faster than other models.
•Unique auditing features: Allows for easy demonstration of best practices and validation of users’ risk and capital models with management, shareholders, regulators and rating agencies.
•Flexible financials: The model supports U.S., U.K., French and German GAAP accounting standards.
•Calculation of earned premium: MetaRisk calculates earned premium based on the input of written premium and earning patterns.
•Automatic calculation of reserve development factors: The model automates the complex calculation of reserve development factors. This helps users align more closely with their reserving department through more realistic modeled results.