NEW YORK, NY--(Marketwired - Jun 6, 2016) - Ultimate Risk Solutions, developer of financial risk modeling software used by insurers and reinsurers worldwide, announced today that the newly released Version 11.7 of Risk Explorer(tm), the company's flagship risk and capital modeling platform, offers "point-and-click" access to Amazon Cloud along with other new features.
"URS technologies are Cloud-enabled and ready to run," said Alex Bushel, Founder and President of URS. "We advocate use of Amazon Cloud whenever additional computer power is needed. The Cloud is safe, reliable, and adds to productivity."
Risk Explorer(tm) and other URS products provide insurers, reinsurers, brokers, and consultants the dynamic financial analysis tools to model portfolios of risks, make informed strategic decisions, and comply with regulatory reporting requirements.
"For many years, Risk Explorer(tm) had the capability of running risk and capital models on multiple computers within a company's network as well as on the company's internal clouds, and for several years we have been offering access to Amazon Cloud to run very large Risk Explorer(tm) models. With Version 11.7, we have made the entire process of running models on hundreds of Amazon's processors point-and-click. This removes the problem of model execution speed entirely -- even the largest possible models can run quickly," Charles Carwin, North American Technical Head of URS, said.
"On-demand access to unlimited cheap computer power is critical for efficient use of resources in general and for the productivity of risk and capital modelers in particular. More and more companies choose Amazon Cloud as the reliable, inexpensive solution over Internal Clouds that require sizable investment in quickly aging computer hardware," Carwin added.
For a demonstration of the new enhancements to Risk Explorer(tm) or to learn more about the URS product suite, please contact: Tim Trainor, URS Executive Director -- Business Development, [email protected].
URS Executive Director -- Business Development
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