June 11th, 2013

Guy Carpenter’s MetaRisk® Reserve™ Awarded Patent as Breakthrough Innovation in Reserve Risk Modeling

Posted at 11:00 PM ET

Guy Carpenter & Company has been awarded a patent for MetaRisk Reserve by the U.S. Patent Office for creating a unique and easy-to-use predictive model for the analysis of reserve risk.

MetaRisk Reserve’s innovative system and methodology for determining loss reserves is the first of its kind in the marketplace. By enabling clients to capture historical economic trends, such as inflation, MetaRisk Reserve allows them to get a better understanding of how those trends can affect the loss reserves of their companies.

MetaRisk Reserve provides insurance companies with a clearer picture of their reserve risk - the largest risk on their balance sheets. This leading-edge product reveals otherwise hidden inflationary trends in historical losses, and allows clients to determine what an inflation increase will do to reserves. MetaRisk Reserve also provides insurers the ability to more precisely assess the impact of reserve deterioration on profits and capital, and become more compliant with rating agency and upcoming ORSA requirements.

“The MetaRisk Reserve patent was the result of a two-year effort and demonstrates the outstanding and exclusive capabilities of this product,” said Don Mango, Vice Chairman and Head of Enterprise Analytics for Guy Carpenter. “We are proud to have been awarded this patent for MetaRisk Reserve, and we look forward to continuing to invest in the development of cutting-edge products and services that meet the continuously evolving needs of our clients.”

MetaRisk Reserve is located within actuaries’ spreadsheets so that an analysis can be performed on any data. The product’s predictive modeling enables companies to quantify reserve risk and consequently, allocate capital more effectively, refine reinsurance strategies and improve enterprise risk management. MetaRisk Reserve output can also be seamlessly incorporated into the MetaRisk® 7.1 capital model, Guy Carpenter’s premiere risk and capital management decision-making tool.

The patent awarded to MetaRisk Reserve is another example of Guy Carpenter’s commitment to innovation and improvements in technology as insurance companies look for every competitive advantage in the increasingly complex global insurance environment.

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