EMB Launches Parameterization Software

EMB launched their new software product Extremb, Dynamic Parameterization for Risk Modeling, on Tuesday 18th January at Lloyd’s of London. The date falls on the fourth anniversary of the launch of EMB Igloo, our Financial Simulation Engine for Risk Modeling.

Extremb breaks new ground, making it possible to parameterize financial models with accuracy and efficiency. It has been designed for any business that needs to create simulation models and is especially relevant to insurers and reinsurers in light of the new FSA regulations.

Combined with a stochastic modeling tool like EMB Igloo Professional with Extremb, enables performance maximization of reinsurance programs and asset allocation strategies. Through the development of EMB Igloo Professional with Extremb, EMB has certainly made stochastic optimization technology a reality.

At the launch, Andrzej Czernuszewicz and Peter England delivered a 45 minute presentation on Extremb’s capabilities to fifty clients, most of which are current EMB Igloo users. 

If you would like to receive details on Extremb, or would like to arrange a demonstration, please contact your local office.