Guy Carpenter has released its newest software platform,MetaRisk 7.1, allowing users to assess organizational risks andmeet enterprise-risk-management (ERM) and Solvency IIrequirements. 

The new version features enhanced catastrophe-modeling,reserve-scenario and reinsurer default-risk-analysis capabilities,in addition to the program's original underwriting, reserve,catastrophe, credit and investment-risk-evaluationfunctions. 

"With this upgrade, users will be able to quickly identify thedrivers of adverse-risk scenarios, run sensitivity analysis anddynamically evaluate alternatives to mitigate risk and findopportunities to grow their business profitably," says Don Mango,head of enterprise analytics for Guy Carpenter. 

More specifically, the new version includes:

• Access to RMS and AIR catastrophe model resultdatabases, from which MetaRisk 7.1 can import data to blend resultsand modify event frequency and severity based upon the client'sunique business variables. 
• The MetaRisk Reserve tool produces reserve-runoffscenarios to correlate impacts across business lines and otherfinancial-risk drivers on the client's capital. 
• A new Credit Risk list of reinsurer ratings anddowngrade thresholds that allow users to model reinsurer classesand the impact of default on ceded loss and companyfinancials.

"With sustained global-market and economic challenges ahead, theability to clearly see the evolving landscape and accuratelyevaluate risk will be as crucial as ever," says Steve White, GuyCarpenter's chief actuary. "Unlike many of the black-box solutionsin the marketplace, MetaRisk is designed to eliminate blind spotsand allow users to make informed, proactive risk andcapital-management decisions with eyes wide-open."