Largest central American insurer licenses Risk Explorer™
San Jose, Costa Rica – Instituto Nacional de Seguros (INS), the largest insurance company in Central America, has licensed Risk Explorer™, the Dynamic Financial Analysis (DFA) software from Ultimate Risk Solutions, LLC (URS), David O'Gorman, URS Managing Director-Latin America, announced.
INS is the largest insurer in the region with premium volume exceeding USD 750 million on a patrimony of USD 883 million. The Company writes all lines and has registered 170 insurance products. Costa Rica is exposed to natural catastrophes from earthquakes to landslides and volcanoes.
"Given the size of its capital and its catastrophe exposure, it is essential for INS to use the most sophisticated models in order to make better informed decisions," O'Gorman stated. "We chose Risk Explorer™ because it is powerful, flexible, and easy to use," commented Jose Angel Villalobos, Actuary and General Manager at INS.
Risk Explorer™ is licensed by many of the world's largest insurance companies. It is an industry leading DFA software solution that is used for portfolio risk management/modeling; economic capital estimation/allocation; cash flow analysis/financial statement modeling/projections; and other modeling needs.
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