Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has licensed ReMetrica – its flagship capital modeling tool – to Bahrain-based Q-Re, a Middle East reinsurer.
“ReMetrica will enable the reinsurer to enhance its Enterprise Risk Management framework by developing a sophisticated capital model,” said the bulletin. “Q-Re will initially use ReMetrica for its inwards reinsurance pricing and outwards reinsurance optimization.”
Dermot Dick, CEO of Q-Re, commented: “Working with Aon Benfield has helped us to understand how sophisticated capital modeling will add value to the way we operate and conduct business. This is the first time we have used a capital modeling tool and we opted for ReMetrica as it is easy to use and can be set up very quickly, with the team on hand for support.”
Sunnie Luthra, Director of Aon Benfield Analytics in the Middle East, added: “The Middle East re/insurance industry is waking up to capital modeling and Q-Re is among the growing number of companies to recognize the value of using ReMetrica.”
Source: Aon Benfield