Ultimate Risk Solutions
James, Brennan & Associates have partnered with Ultimate Risk Solutions, Inc. (www.ultirisk.com) to provide a range of DFA and other software products to the insurance and banking sectors. The core products are:
- Risk Explorer – for DFA
- UltiFit – used to fit statistical distributions to data samples
- Excel translator – to convert Excel spreadsheets into compiled DLLs
- Resolver – stochastic claims reserving
Risk Explorer A complete DFA package incorporating :
- Asset and liability modelling
- Portfolio management
- Technical pricing support
- Explicit specification of reinsurance protections by line of business – any number of contracts, any type (including finite deals), any inuring “path”
- Tabular and graphic outputs of all financial statistics
- Correlations between variables handled in a rigorous and user friendly manner
- A range of supporting modules
- Capital allocation/ RoE
- Comparative analysis of alternative business strategies
- Visual display of reinsurance coverage (inuring paths, layering)
- Full range of statistics on selected outputs
- Management of the parameter set
- Data connectivity with other applications
Excel Translator A powerful technology to compile Excel spreadsheets :
- Convert Spreadsheets into fast machine code
- Fully integrated with Risk Explorer
- Operates on a stand alone basis. Develop financial models in Excel and convert to faster running, “tamper free” compiled code
UltiFit An easy to use statistical distribution fitting model :
- Calibration of Risk Explorer parameters
- Stand alone analysis of statistical data
Resolver Stochastic reserving software
- New software for general insurers
- Traditional and new techniques for general insurance reserving
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