Guy Carpenter bolsters terrorism modelling capabilities

Guy Carpenter has entered into an exclusive multi-year agreement with tech firm, Synthetik to enhance the reinsurer's proprietary terrorism modelling product, Sunstone.

Synthetik specialises in explosive blast and weapons effects modelling, primarily developing models and simulation code for both government bodies and the private sector. Its 3D blast load calculation software has been applied to cityscape models to provide a virtual representation of central business districts around the world, to create accurate calculations of blast loading.

Rob Bentley, president of Guy Carpenter's global strategic advisory and analytics division, said: “Guy Carpenter’s exclusive relationship with Synthetik secures this unique capability that we have developed together over recent years and will accelerate the terrorism modelling work. Synthetik brings very exciting technology to the reinsurance market and much needed sophistication to terrorism analytics. Their research and development work with government bodies brings credibility and validation to the tool and valuable insight from outside the re/insurance sector. We look forward to supporting our clients with this new capability.”

Synthetik's Tim Brewer, added: “We are delighted to enter this strategic alliance with Guy Carpenter, and for the opportunity to set the standard for terrorism analytics in the re/insurance market. This application of Synthetik’s modelling software will provide Guy Carpenter with the ability to more effectively quantify the losses associated with hypothetical terrorist attacks in terms of both property damage and building occupant vulnerability. Synthetik’s technology, data and experience, particularly from the defence industry, allow Guy Carpenter to work with more sophisticated damage models for terrorist attack scenarios, and to capture the essential physics associated with explosive events in dense urban areas, in order to provide more accurate analyses to its clients.”

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