Aon - ReMetrica

Type of System

  • Analytics
  • Capital modelling
  • Economic capital aggregation
  • Governance, risk compliance (GRC)
  • Operational risk management
  • Risk management
  • Stress testing
  • Asset/liability management
  • Data management
  • End-to-end ERM
  • Solvency II solution
  • Internal/external reporting
  • Portfolio analysis/hedging
  • Spreadsheet risk management

Type of platform

  • Cloud
  • Desktop-based
  • Server-based
  • Grid
  • SaaS

Other features - the offering facilitates:

  • Curve-fitting
  • Solvency II internal model
  • IFRS 17
  • Least-squares Monte Carlo

What are the typical implementation costs?

ReMetrica implementation costs are very low.  ReMetrica can be installed on standard hardware including laptops or existing servers. ReMetrica scales well using existing hardware.  In addition, our new superfast components significantly improve run-time speeds, leveraging Graphical Processing Unit hardware to achieve runtimes of up to 55 times faster than on a typical Central Processing Unit

There is a low cost to building and maintaining models.  The architecture of ReMetrica differs materially from conventional coded models in that it removes the need for technical programming knowledge to build, maintain and change the model, significantly speeding up the process of getting the answer and lowering the costs of operating the model over its life-cycle.  

We believe that for a relatively agile, nimble company that needs to be flexible to take advantage of new opportunities, that this approach provides more flexibility, less key man risk and less reliance on external consultants.

How long does your software take to implement on site?

With ReMetrica you can build models without the coding and with only one to two days of training.  ReMetrica’s visual drag and drop interface and large library of pre-built re/insurance, investment and statistical components enable efficient and intuitive model construction.  Simple models can take a few hours or days to complete.

Please name companies that use the system/solution

Axa; Hannover Re; Tokio Marine Group; Zurich Insurance

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ReMetrica: Enabling insurers to bring insightful, risk-based financial modelling to strategic decision making

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