SOURCE: Ultimate Risk Solutions

Ultimate Risk Solutions

March 07, 2012 11:47 ET

MAPFRE Licenses Risk Explorer™ From Ultimate Risk Solutions

MADRID, SPAIN--(Marketwire - Mar 7, 2012) - MAPFRE S.A., Spain's largest insurer, has licensed Risk Explorer™, the Dynamic Financial Analysis (DFA) software and a suite of other products from Ultimate Risk Solutions (URS), David O'Gorman, URS Managing Director-Spain/Portugal/Latin America, announced.

Risk Explorer™ is the DFA software used by many of the world's leading insurers, reinsurers, brokers, and regulatory agencies to model and quantify the various risks a company faces.

"We're pleased that after a rigorous testing and evaluation process, MAPFRE selected Risk Explorer™ and other URS products," said Alex Bushel, CEO of URS. The MAPFRE license is multi-year and includes UltiFit™, statistical distribution and curve-fitting software, and Predictable Dynamics, generator of global macroeconomic scenarios, among others.

Luigi Lubelli, Deputy General Manager-Finance, MAPFRE S.A., said, "What impressed us the most about Risk Explorer™ was its ease of use, which allows average users to become productive in a relatively short time span."

In addition to the Spanish market, MAPFRE is the leader in the Latin American Non-Life insurance sector as well as the second largest global company of the region. MAPFRE is also present in the United States and Turkey, among the 46 countries where the Group provides insurance, reinsurance and service activities.

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