Global News - New Modelling Software for Insurance and Reinsurance Industry Released
Source: Asia Insurance Review | May 2007
United Risk Solutions (URS) has launched Res-Solver, a new stochastic reserving software package for the insurance and reinsurance industry. It uses analogies between the payout of insured losses and the decay of radioactive material described in nuclear physics to calculate the amount and volatility of companies’ loss reserves.
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