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Businesses today face unprecedented challenges with evolving regulation, accounting standards and economic pressures. In response, the risk professional’s role has rapidly gained in importance to help companies adapt quickly and mitigate their risks and dependencies for sustainable operations and growth.
Introducing Aon’s ReMetrica
Risk modelling has become even more critical today as we navigate new forms of volatility and rethink access to capital.
Aon’s award-winning risk and capital modelling software allows users to harness insurers’ data to optimise financial planning and reinforce strategic decision making.
Following the introduction of regulation such as Solvency II in Europe, ORSA in the United States and C-ROSS in China, insurers are demanding more value from their investment in capital models. This trend has caused a shift in how actuaries, catastrophe modellers and other risk analysts use models – from identifying solvency capital requirements to simulating financial strategies dealing with capital allocation and business optimisation.
The platform is designed to allow insurers, reinsurers, consultants, captives and regulators to easily bring insightful, risk-based financial modelling to the forefront of strategic decision-making.
ReMetrica offers its users a robust and expansive toolkit to stay ahead of market demands and regulatory scrutiny. By leveraging the latest technology available today, ReMetrica prepares global capital teams with a scalable solution ready for the next 10 years ahead.
Utilising stochastic simulation ReMetrica helps its users analyse catastrophe, reinsurance and financial data for capital optimisation, business planning and reinsurance structuring and pricing.
These are challenging times for insurers, as they seek to optimize capital against a backdrop of rapid inflation, low investment income, climate change and geopolitical uncertainties.
Our 2022 Capital Modeling conference aims to inspire CFOs, CROs, actuaries and analysts to use data to make more informed decisions that will mitigate emerging risks, maximize opportunities and drive growth for organizations.
Analysts are requiring faster runtimes and more efficient ways to build and expand risk and capital models. As management turns to modelled insights to make informed decisions, this has resulted in more regular updates to risk and capital models to reflect evolving business strategies.
With increased demands from regulators and businesses, the challenges of managing a sophisticated risk model have increased. ReMetrica Ultimate Edition allows risk modelling teams to manage their models on a truly enterprise level.
Insurers and reinsurers are looking to expand their processing power to run increasingly large DFA models and manage peak time demands. ReMetrica in the Cloud offers the flexibility of accessing the latest technology with the benefit of only paying as and when it is needed.
Portfolio Optimiser, used in conjunction with ReMetrica, can provide the best possible results for a number of scenarios. The tools seamlessly interact allowing you to easily define the parameters of a problem.
With record levels of capital in the market, reinsurers are looking for opportunities to write new business while monitoring the aggregate catastrophe exposure across their portfolios.
ASTRA is a Solvency II Standard Formula tool developed to address the demand for a simple, transparent and efficient solution to completing the Standard Formula calculation.
The International Financial Reporting Standard (IFRS 17) became effective from 1 January 2022 and has transformed financial reporting for insurers, requiring sweeping changes in existing systems and processes.
How can you benefit from ReMetrica?
Aon UK Limited is authorised and regulated by the Financial Conduct Authority for the provision of regulated products and services in the UK. FP# 12918-21AD