Kamakura Corporation announced Tuesday that version 7.2 of its enterprise risk management system Kamakura Risk Manager (“KRM”) has been shipped to clients in 33 countries. The new version of KRM, which has been under continuous enhancement for more than 20 years, has more than 250,000 lines of modern C++ code that analyze credit risk, market risk, interest rate risk, operational risk, liquidity risk, and capital adequacy on a fully integrated basis. Kamakura reported that KRM 7.2 can now generate as many as 999,999,999 Monte Carlo scenarios on 999,999 distinct risk factors driving risk. The large number of risk factors allows KRM users to model even the idiosyncratic risk of every counterparty on a correlated basis, something clearly necessary after the events of the credit crisis which began in 2007.
David Boldon, Washington DC representative for Kamakura Corporation, said Tuesday, “There have been massive enhancements in this new version of Kamakura Risk Manager, all driven by some exceptionally talented KRM users from Moscow to Beijing to Johannesburg to New York. We are very grateful that the transparency of KRM analytics and the open nature of the KRM data base has inspired our clients to ‘take ownership’ of KRM and to provide such valuable design assistance to us over the years.” Mr. Boldon added, “The synergies of our clients in insurance, banking, government and the corporate world have been essential in making such a large number of enhancements to the system in a very efficient manner.”
KRM version 7.2 operates on a wide variety of relational data base management systems including Netezza, DB2, Oracle, and MS SQL Server. The Kamakura Risk Manager Risk Portal (“KRM-rp”) is a web based reporting system that makes advanced KRM analytics available to risk managers who may not themselves be operators of the KRM system. KRM version 7.2 is fully compatible with the Kamakura Risk Information Services corporate default probability service, which covers 29,400 public firms in 33 countries. KRM version 7.2 also seamlessly links to the KRIS sovereign default probability service as well.
D.C.