Guy Carpenter & Company, a provider of risk and reinsurance intermediary services, has released version 7.2 of its risk and capital management decision-making tool, MetaRisk.

The enhanced tool, which features several new catastrophe modeling and financial capabilities, will assist insurance firms in better understanding the drivers of risk, assessing options, and in deploying capital through a fully integrated platform.

Apart from assisting insurers in making proactive decisions, the tool is integrated to deliver comprehensive underwriting, reserve, catastrophe, credit and investment risk capabilities in a single economic capital planning solution.

Furthermore, the tool also allows users to meet demands of enterprise risk management and impending Solvency II requirements.

Guy Carpenter enterprise analytics vice chairman Donald Mango said that the company is committed to provide clients with modern technology-enabled analytics by adding new features to MetaRisk.

"Capital allocation decisions are among the most im portant assessments made by company management and this latest version of MetaRisk represents the most innovative, transparent and effective economic planning tool for our clients," Mango added.