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.