Best Re, a reinsurer and a wholly owned subsidiary of Dubai-based Islamic Arab Insurance, has selected the Risk Explorer, a financial analysis model from Ultimate Risk Solutions (URS).

Best Re was formed 25 years ago in Tunisia as the first reinsurer organized to comply with Shariah, or Islamic law. Currently, Best Re’s head office is in Labuan and the company operates across the Far East, Turkey & Central Asia, the Middle East and Africa.

Ultimate Risk Solutions is a USA-based software firm that is a provider of Dynamic Financial Analysis software (DFA software) for insurance and reinsurance industries.

Best Re provides a range of reinsurance products to for insurance companies in the emerging markets of Asia and Africa. It accepts both treaty and facultative business on either a proportional or non-proportional basis.