Stronger together
At Ultimate Risk Solutions, we are focused on our customers and
their success. Our development roadmap is informed by the requests
and forward thinking of our clients and we seek to partner with
(re)insurance brokers and consultants to provide insight and bring
our technologies to wider use.
Partnership with
CyberCube
URS formed a partnership with leading cyber risk analytics
company CyberCube in April of 2022. The partnership will see
URS integrate CyberCube’s
Portfolio Manager
model outputs with its
Risk Explorer
financial analysis software for insurers and reinsurers. Risk
Explorer models risk and capital, ceded reinsurance
evaluation, stochastic financial reporting and asset portfolio
modeling.
In this partnership, Risk Explorer will use CyberCube’s
sophisticated models based on specially designed cyber risk
scenarios including ransomware attacks, cloud outages and
major systemic problems to provide URS’ clients with a more
fully realised view of their exposures and capital needs.
Strategic alliance with
Xceedance
URS and Xceedance formed a partnership in March of 2022 to
deliver enterprise risk management (ERM) modeling and
actuarial and analytics services to insurance organizations
worldwide. The alliance combines deep expertise and proven
technology from URS in risk and financial modeling, with
best-in-class actuarial and analytics capabilities from
Xceedance — enabling insurance organizations to optimize
reinsurance contracts, enhance capital modeling, and improve
financial results. Re/insurers can streamline workflows and
processes for organizational needs relating to ERM services,
financial modeling, and actuarial services.
About Xceedance:
Xceedance is a global provider of strategic consulting,
managed services, and technology to insurance organizations.
Their teams work with insurers, reinsurers, agents, brokers,
and program administrators to boost operational efficiency.
Partnership with
AbsoluteClimo
Ultimate Risk Solutions announced its partnership with
AbsoluteClimo on the first of June, 2022. The goal of the
partnership is to offer climate risk projections.
A prominent provider of actuarial capital modeling to the
insurance and reinsurance sectors, URS has partnered with
leading climate and finance risk forecasting company
AbsoluteClimo. The partnership will see URS integrate
AbsoluteClimo’s global climate model forecasts with URS’s
dynamic financial analysis platform for insurers and
reinsurers. URS’ Risk Explorer models risk and capital, ceded
reinsurance evaluation, stochastic financial reporting, and
asset portfolio management. AbsoluteClimo’s Clim๏Cats™ are the
world's first financial models linked to consistently skillful
global climate physics predictions, including major
earthquakes.
AbsoluteClimo will work with its strategic partner AKR Zell
Pte. Ltd., the Singapore-based actuarial and risk transfer
consultancy, to provide catastrophe financial risk forecasts
based on skillful and well calibrated numerical climate
predictions to URS and Risk Explorer clients. AbsoluteClimo’s
climate forecasts are independent of limited government and
IPCC climate models. URS’s clients benefit by having a more
fully realised view of their climate-driven exposures and
capital needs by considering forward risk assessment linked to
consistently skillful physical climate forecasts for the first
time.
Strategic alliance with
msg global
URS formed a strategic alliance with msg global solutions in
January of 2020, combining msg global’s deep industry
knowledge and development capabilities with Ultimate Risk
Solutions’ advanced risk management suite for economic and
regulatory capital management, asset modeling, ERM, reserving,
and price optimization. The intent of the partnership is to
benefit from each other’s core competencies and to add value
to both businesses by leveraging existing resources, products,
and services.
About
msg global solutions:
msg global solutions is a systems integrator, software
development partner, and managed services provider focused on
SAP solutions for accounting, finance, regulatory reporting,
performance management, and customer experience.
URS collaborations with Academia and R&D organizations:
Assaf Zeevi
Professor and holder of the Kravis chair at the Graduate School
of Business Columbia University
Yaneer Bar-Yam
Professor, scientist and activist specializing in complex
systems New England Complex Systems Institute
Gary Venter
Adjunct professor, University of New South Wales. Teaching
quantitative risk management at Columbia University