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Daily Insurance Industry News
Tuesday 14th of August 2018
December 21, 2010

Middle East “wakes up” to capital modelling

by Gill Montia

Story link: Middle East “wakes up” to capital modelling

Middle East “wakes up” to capital modelling

Aon Benfield has licensed its flagship capital modelling tool, ReMetrica, to Q-Re, a leading Middle-Eastern reinsurer.

The move should allow the firm to enhance its enterprise risk management framework by developing a sophisticated capital model, having initially used ReMetrica for its inwards reinsurance pricing and outwards reinsurance optimisation.

Q-Re chief executive officer, Dermot Dick, says: “Working with Aon Benfield has helped us to understand how sophisticated capital modelling will add value to the way we operate and conduct business.”

He adds: “This is the first time we have used a capital modelling tool and we opted for ReMetrica as it is easy to use and can be set up very quickly.”

According to Aon Benfield analytics director, Sunnie Luthra, the Middle East’s re/insurance industry is “waking up” to capital modelling, with Q-Re among a growing number of companies to recognise the value of using ReMetrica.

 

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