ReMetrica Version 7.0 aims to enhance insurers’ financial strategies
According to their press release, the launch responds to the fact that (Re)insurers are now demanding more value from their investment in capital models in order to be able to explore wider financial strategies, following Solvency II and equivalent regulation. This trend is seeing a shift in how actuaries, catastrophe modellers and other risk analysts use models from primarily identifying solvency capital requirements.
To meet these increased requirements, Aon Benfield has re-written the coding behind ReMetrica, which was initially released in 2000 and currently has 1500 users globally, taking advantage of the new technology available today and preparing the tool for the next 10 years.
Aon Benfield international head of ReMetrica Paul Maitland commented: “The advent of Solvency II has further augmented the role of analysts and highlighted the flexibility required from capital models to deliver more strategic insights. ReMetrica Version 7.0 is designed so a spectrum of users can achieve these goals and have the data at their fingertips to make more informed business decisions. This will be an exciting journey over the next year as we work with our users to transition to the enhanced platform and share new features”.