Ultimate Risk Solutions - Res-Solver™
Type of System
- Asset/liability management
- Capital modelling
- Reserving solution
- Schedule P Reporting, Stochastic Loss Reserving
Type of platform
Other features - does your offering facilitate
- NAIC Principle-based reserving
- NAIC RMORSA
- Solvency II internal model
- Solvency II standard formula
What are the typical implementation costs?
Installation costs are typically free. Licensing costs depend on the need for macroeconomic scenarios to support multiple currencies and inflation modelling. No specialised computer programming skills are needed to produce deterministic estimates and simulate stochastic distributions for ultimate losses and loss reserves.
How long does your software take to implement on site?
Implementation duration is simple and straightforward. Standard loss reserving methods are built-in, and new methods can be created quickly and easily without the need for programming.
Please name companies that use the system/solution
We have 70+ global market leading clients from insurers, reinsurers, and reinsurance brokers in 30+ countries as well as medium to smaller firms and consultancies. We would be pleased to introduce prospects to some of our clients during the final due diligence phases of their selection process.
Produce deterministic estimates of Ultimate Losses and Loss Reserves based on loss and claims development triangles and simulate stochastic distributions of unpaid losses to estimate Reserving Risk.
#LossReserving #ResSolver #URS