Ultimate Risk Solutions (URS) announces fully automated one-click Schedule-P reporting solution in its loss reserving software, Res-Solver™

NEW YORK--(BUSINESS WIRE)--
Ultimate Risk Solutions (URS) has implemented a one-click solution to produce all Schedule-P reports in its loss reserving software, Res-Solver™.

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Ultimate Risk Solutions (URS) announces fully automated one-click Schedule-P reporting solution in its loss reserving software, Res-Solver (Graphic: Business Wire)

“Every US insurance company needs to estimate its loss reserves and to produce Schedule-P reports, tasks that take considerable time, effort, and expense,” said Alex Bushel, Founder and President of URS. “Res-Solver™ now eliminates the need for two separate efforts, as all Schedule-P reports and exhibits become available on a single click once the loss reserving model is built.”

Res-Solver™ produces deterministic estimates of the Ultimate Losses and Loss Reserves for insurance companies based on loss and claims development triangles and simulates stochastic distributions of unpaid losses to estimate Reserving Risk.

“Res-Solver™ allows point-and-click creation of loss and claims triangles from transactional loss data that resides in the company databases and quick construction of a company-wide reserve model,” said Anya Kutsina, Co-Founder and Executive Director of URS. “With this new solution, the journey from loss data to Schedule-P reports should now be fast and seamless for reserving actuaries.”

About URS

Founded in 2001, Ultimate Risk Solutions (URS) offers technologies and solutions to the insurance industry in the area of risk analytics, including ceded reinsurance evaluation, economic and regulatory capital modelling, loss reserving, asset portfolio modelling, strategic decision analysis, and macroeconomic modelling.

URS has offices and clients across the globe. URS clients include insurers, reinsurers, reinsurance brokers, consulting companies, and insurance regulators. For more information, please visit www.ultirisk.com

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Sasha Kuznetsov, Marketing Communications Lead, akuznetsov@ultirisk.com

Source: Ultimate Risk Solutions