Catalytics Simulation Based Prediction Software Estimation of potential damages caused by Natural Catastrophes.
Earthquake Module
The Catalytics Earthquake Simulation and Loss Prediction Software assists companies in quantifying the risks and losses associated with natural disasters (earthquakes). The model estimates a potential range of losses using a comprehensive events database and catastrophe events simulation engine. The platform's flexibility allows easy customization and can be applied to any country.
Detailed Catastrophe Modeling
- Cat modeling determines how much cover an insurer must buy
- Too high reinsurance purchases take money directly off the bottom line
- Too low reinsurance purchases expose an insurer to the threat of insolvency
- Insufficient Cat cover is one of the top 3 reasons for insolvency
- Cat models are a key driver of internal capital models
- Detailed Cat models give scientific justification for reinsurance purchases and assure shareholders that their capital is protected
Features
- Built in GIS system
- Automated Risk Mapping
- 3-D rendering of Client Exposures
- Accommodates Multiple Catalogs, Geographic Areas and Methodologies for sensitivity analysis
Benefits
- Complete Transparency of Processes and Assumptions
- Allows users to view and modify models
- Flexible and intuitive vulnerability curves and reinsurance contracts
- Uses multiple processors to optimize performance and halve processing time
- Detailed reports for reinsurance pricing, reserving and entry into DFA models
- Easy Scenario Testing
- Users can see, change and add vulnerability
- Scenario tester allows the user to recreate historical events on today's exposures as well as rapidly model current events to estimate costs
- Allocate the cost of reinsurance according to the business class
- Prices retrocession for Reinsurers
