The Answer After diligent review of financial risk analysis products in the marketplace, JLT Re selected Risk Explorer™ because it provides a user friendly, yet extremely flexible platform to cover a broad range of modeling requirements including:

Full range of loss modeling from single line to complete Dynamic Financial Analysis (DFA) Pricing exercises Structuring insurance/reinsurance Programs Capital allocations Stress testing either extreme loss scenarios or changes in business planning

“All modelers can speak the same language; the various teams work together and supplement each other. Workflows have become more streamlined and outputs and presentations are in the same format. Terminologies used are consistent throughout the teams”.

“Optimal use of time during the life of a project; reduction of project times up to 50 percent, especially for complex structures where without Risk Explorer™ the team would have to write its own code and only parts of which could possibly be reused. The flexibility and user friendliness of Risk Explorer™ helps to save time and money”.

“Clients’ confidence has increased as they understand the outputs from Risk Explorer™ and can better interpret the results without having to rely entirely on their service provider; this has led to an increase of repeat assignments by 30 percent”.

Background A specialist reinsurance broking and consulting

company was established in 2006 to provide insurance

and reinsurance companies including Lloyd’s

Syndicates with risk analysis services and reinsurance

solutions. JLT Re’s Business Research Unit was created

to provide the analytical, actuarial, modeling and

research support to the Company’s brokers and

external clients.

Customer - JLT Reinsurance Brokers Ltd part of JLT Group

The Requirements As the Company grew, so did demand for risk analysis services. Given limited internal resources to build models, JLT Re sought a tool that would provide the capabilities they needed at a price they could afford.

The Results It was decided that almost every team member should be exposed to Risk Explorer™ and regular users would include both catastrophe modelers and actuaries. The Cat modelers used the output from catastrophe models via a simple interface to input directly into Risk Explorer™ and the actuaries in the team were able to easily build DFA models to any level of complexity.

“Reduction of project times - up to 50 percent”

“Increase of repeat assignments by 30 percent”

“Feedback indicates that by using Risk Explorer™, the JLT Re team wins

10 percent more tenders”

Ultimate Risk Solutions is the financial risk software company that developed Risk Explorer™, the Dynamic Financial Analysis model used by many of the leading insurers, reinsurers, brokers and regulators worldwide. Our sole commitment is to develop the most advanced software and to provide these products to our clients along with training and support services.

For mid-size and smaller companies, we offer Risk Explorer Express Edition designed specifically for this

important market sector. Express Edition provides the analytical tools these companies need for business

planning and risk evaluation at an affordable cost.

Rating agencies today are expecting companies large and small to have Enterprise Risk Management Programs

that evaluate all the risks they face. The Enterprise version and Express Edition of Risk Explorer are the Dynamic

Financial Analysis tools best qualified to meet these requirements.

Risk Explorer™ is the most powerful, flexible and user friendly Dynamic Financial Analysis software currently available that can be quickly and easily set up for: Portfolio Risk Management, whether for primary insurers' business lines or for reinsurers' contracts; Maximizing the efficiency of ceded reinsurance or retrocession programmes, including non-traditional or finite alternatives; Full financial statement modelling, evaluating volatility of financial results, such as Income, Surplus, Reserves or any other; Determining Economic Capital requirements, Capital Allocation and RORAC; Asset-Liability matching, Cash Flow analysis; Ceded Reinsurance Cost Allocation; Measuring performance of various segments of the company; Data interchange with other applications, such as Cat Models and Microsoft® Excel.

“Using Risk Explorer™ adds continuity and credibility to JLT Re reports, which has resulted in more client engagements for the team; feedback indicates that by using Risk Explorer™, the JLT Re team wins 10 percent more tenders.”

“Brokers from JLT Re report that they are often invited to make proposals due to the Company’s modeling capabilities”.

“Clients have started to understand the importance of data quality and the effort that goes into formulating assumptions. They now take an active part in the process that leads up to the JLT Re team building their model. Clients are involved from the outset. They ask questions and take ownership”.