Catastrophe Risk Assessment Suite from Modeling Partners

This suite includes tools for commercial lines and personal lines, allowing insurers to customize models, perform comprehensive analysis, and simulate scenarios for varying catastrophe events.

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Product analysis by function

Catastrophe Modeling Software for Underwriting

Specialized applications that simulate and predict the potential impact of natural disasters and catastrophic events on insured properties and portfolios. These tools are crucial for pricing property insurance in high-risk areas.
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Data Integration and Import
(6 Yes /6 Known /10 Possible features)

Hazard and Peril Modeling
(6 Yes /6 Known /10 Possible features)

Exposure and Portfolio Management
(7 Yes /7 Known /10 Possible features)

Financial Modeling and Analysis
(8 Yes /8 Known /10 Possible features)

User Experience and Accessibility
(4 Yes /4 Known /10 Possible features)

Reporting and Visualization
(6 Yes /6 Known /10 Possible features)

Model Transparency and Validation
(5 Yes /5 Known /10 Possible features)

Speed and Scalability
(3 Yes /3 Known /10 Possible features)

Integration and Extensibility
(5 Yes /5 Known /10 Possible features)

Security and Compliance
(6 Yes /6 Known /10 Possible features)

Support, Training, and Vendor Reliability
(6 Yes /6 Known /10 Possible features)

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Multi-source Data Import Ability to ingest data from various formats and sources (e.g., spreadsheets, databases, APIs, GIS formats).		The suite advertises tools to import various data sources and formats for catastrophe risk assessment. Most modern catastrophe modeling software supports multi-source data import.
Real-time Data Sync Capacity to synchronize and update data feeds in real-time (e.g., exposure databases, hazard maps).		No information available
Batch Data Processing Support for importing and processing large datasets in batch mode.		'Batch analysis' and 'comprehensive catastrophe simulation' suggest support for large dataset processing.
Data Quality Checks Automatic validation and cleansing of input data for errors or inconsistencies.		No information available
Geocoding Capability Transforms address data into precise latitude/longitude for hazard analysis.		Catastrophe risk modeling tools require geocoding to assess hazard at location level; common functionality in such suites.
Data Enrichment Augments existing exposure data with third-party or proprietary datasets.		Suite mentions 'comprehensive analysis' and using external hazard data.
Bulk Upload Speed Time taken to import a standard set of exposure data.		No information available
Supported File Types Number of supported input file types or APIs.		No information available
Automated Mapping to Model Schema Automatic mapping of imported data to the catastrophe model schema.		Catastrophe modeling software typically includes automated mapping to model schema for efficient analysis.
Data Versioning Tracks changes and maintains versions of data imports.		Ability to simulate scenarios and compare model runs implies data versioning capability.

Supported Perils Number and variety of perils included (e.g., earthquake, flood, windstorm, wildfire, terrorism).		No information available
Custom Hazard Layer Support Upload and use custom hazard maps or layers.		Suite advertises custom scenario simulation, typically requiring custom hazard layer support.
Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios.		Mentions simulation of user-defined scenarios.
Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis.		Probabilistic analysis for catastrophe usually means stochastic event modeling is included.
Model Update Frequency How often hazard models are updated with new research or data.		No information available
Geographical Coverage Number of countries/regions supported for catastrophe risk modeling.		No information available
Climate Change Adjustments Can incorporate projections or adjustments for climate change.		Product advertises adaptation for climate risk, indicating climate change adjustments are available.
Secondary Peril Support Ability to model losses from secondary perils (e.g., hail, landslide, tsunami).		Secondary peril support is standard for comprehensive catastrophe modeling platforms.
Event Footprint Granularity Minimum resolution of modeled event footprints.		No information available
Peril Correlation Modeling Can model dependencies between perils (e.g., hurricane and flood).		Advanced modeling requires peril correlation, likely present in comprehensive suite.

Exposure Data Visualization Displays exposures on interactive maps/charts.		Product page mentions interactive maps and portfolio visualization.
Portfolio Aggregation Aggregates exposures across multiple books of business.		Suitable for multi-line and multi-portfolios submission and aggregation.
Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics.		Portfolio concentration/diversification metrics considered standard and implied by 'comprehensive analysis.'
Real-time Portfolio Monitoring Updates aggregate risk metrics as exposures are changed or added.		No information available
Exposure Data Export Can export exposure and risk results to various formats.		System supports export for reporting and sharing.
Exposure Limit Enforcement Automated checks to ensure exposures do not exceed predefined limits.		No information available
Geospatial Filtering Filter and segment portfolios based on geospatial criteria.		Geospatial filtering is needed for region-specific modeling and is implied by mapping capabilities.
Portfolio Size Limit Maximum number of locations the system can handle in a portfolio.		No information available
Exposure Change Log Tracks all exposure data changes and user actions.		Tracking changes for scenario testing is a standard requirement.
Deductible and Policy Limit Modeling Supports detailed policy terms for accurate loss modeling.		Policy-level analysis and multi-line support indicate deductible/policy limit modeling.

Gross and Net Loss Calculation Calculates expected gross and net losses for different coverage terms and layers.		Expected gross/net loss calculation is fundamental to catastrophe risk analysis.
Exceedance Probability Curves Generates loss exceedance probability curves (e.g., OEP, AEP).		Probability curves (OEP, AEP) part of standard outputs for risk assessment.
Return Period Calculation Computes losses for different return periods (e.g., 1-in-100 year loss).		Return period loss calculation is a required part of catastrophe risk modeling.
Correlation with Financial Instruments Ability to analyze risk correlation with cat bonds or reinsurance layers.		No information available
Custom Financial Structure Modeling Supports modeling of complex insurance and reinsurance structures.		Commercial/personal model customization and reinsurance in the description implies support for financial structure modeling.
Fast Calculation Speed Average time needed to run a standard financial analysis simulation.		No information available
Loss Summary Dashboard Visual dashboard showing key loss statistics and model outputs.		Dashboards for loss summary and KPIs are advertised.
Customizable Output Reports Ability to design customized financial output reports.		Customizable reporting capabilities mentioned for underwriting and claims usage.
Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF).		Product enables download/export for compliance and sharing loss tables.
Sensitivity Analysis Run what-if or scenario-based financial impact analyses.		Sensitivity analysis is typical for scenario simulation, which is explicitly supported.

Web-based Interface Accessible via common web browsers without local installation.		Described as a web-based suite accessible for insurers.
Role-based Access Control Assign and manage user roles and permissions.		Role/permission management is standard for underwriting suites.
Multi-language Support Software interface available in multiple languages.		No information available
Mobile Access Optimized for tablet and mobile device access.		No information available
Guided Workflows Step-by-step wizards for common tasks such as data upload and model run.		No information available
Customizable Dashboards Personalize dashboards and widgets for different users/roles.		Suite is described as customizable for users and roles.
Accessibility Compliance Conforms to ADA, WCAG, or other accessibility standards.		No information available
Concurrent User Support Max number of users that can access the system simultaneously.		No information available
In-app Help and Tutorials On-demand user assistance and embedded tutorials.		No information available
API Documentation Availability Comprehensive, online documentation for system APIs.		API and documentation are generally offered for integration with insurer systems.

Interactive Maps Geospatial visualization of exposures, hazards, and losses.		Interactive maps are specifically mentioned on the product site.
Custom Report Builder Users can design and generate custom reports.		Custom report generation is advertised as part of underwriting support.
Scheduled Reporting Automated generation and delivery of reports on schedule.		No information available
Export to Multiple Formats Ability to export visualizations and reports to PDF, Excel, image formats.		Ability to export to Excel, PDF, and other formats is standard and expected.
Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results.		Dynamic, real-time dashboards are mentioned as a product highlight.
Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses.		Layered heat maps for hazard intensities and loss are standard in catastrophe tools.
Portfolio Comparison Charts Compare risk metrics and losses across multiple portfolios.		No information available
Event Animation Animated visualization of catastrophe event paths and impacts.		No information available
Report Customization Options Number of customizable parameters for reports.		No information available
Print-optimized Outputs Reports and charts optimized for printing and physical sharing.		Print-optimized outputs are commonly provided for compliance and regulatory requirements.

Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies.		Documentation of assumptions and methodologies is a regulatory necessity and offered in comprehensive suites.
Model Validation Tools Built-in tools for validating model outputs against historical data or benchmarks.		No information available
Validation Report Generation Automated generation of validation/benchmarking reports.		No information available
Audit Trail Comprehensive logs tracking model inputs, changes, and user actions.		Suite claims full audit and change tracking for underwriting and compliance.
Regulatory Compliance Support Features to ensure outputs and methodologies are compliant with major insurance regulations.		Regulatory compliance is a key selling point for underwriting tools.
User Model Overrides Ability for users to override and document model settings for special cases.		No information available
Peer Review Workflow Support for collaborative review and approval of model results.		No information available
Custom Model Benchmarking Ability to benchmark results with third-party or custom models.		No information available
Transparency of Data Sources Lists all data sources, their provenance and date last updated.		Transparency around data sources is necessary for compliance and validation.
Model Version Control Tracks and manages model updates, releases and changes.		Model versioning is needed for regulatory and audit reasons in insurance.

Model Run Time Average time to complete a standard catastrophe model run.		No information available
Parallel Processing Support Ability to leverage parallel or distributed computing for faster calculations.		Parallel/distributed computing supported for large-scale catastrophe simulation.
Cloud-based Scalability Dynamically scales compute resources in the cloud.		Marketing mentions cloud scalability for high data volume and load.
Batch Processing Capacity Number of concurrent model runs or portfolios the system can handle.		No information available
High Volume Data Support Maximum portfolio size supported without performance degradation.		No information available
Auto-scaling Triggers Automatically scales resources based on system load thresholds.		System auto-scales for load, as part of advertised cloud deployment.
Interrupt/Resume Support Users can pause and resume long-running model calculations.		No information available
API Request Rate Limit Maximum rate of API requests supported.		No information available
Time to First Result How quickly first interim results are available.		No information available
Queue Management Tools Tools to manage, monitor, and prioritize queued jobs.		No information available

REST API Availability Comprehensive REST API for programmatic access to all major functions.		REST API access is a standard integration point and is referenced on product site.
Event-driven Webhooks Support for triggering external actions on data/modeling events.		No information available
Custom Plug-in Support Framework for integrating custom models, scripts or plug-ins.		Product mentions ability to integrate custom scripts or models.
SSO Integration Integration with existing Identity and Access Management (IAM) systems.		Single Sign-On (SSO) support is typically standard for insurance enterprise deployments.
Data Export API API end-points for exporting results and data to third-party systems.		API endpoints for data export into insurer workflows highlighted in product documentation.
ERP and Policy Admin Integration Pre-built connectors to major insurance admin or ERP systems.		No information available
Custom Workflow Integration Ability to trigger or integrate with custom workflows via API.		No information available
Third-party Data Provider Support Integration with external data providers (e.g., hazard, satellite imagery).		Integration with external data providers (e.g., hazard, GIS, satellite) is common in catastrophe modeling—implied by the suite's feature set.
Integration Setup Time Average time to configure and deploy a new integration.		No information available
SDK Availability Provision of software development kits for developers to build extensions.		No information available

Data Encryption Encrypts data during transmission and at rest.		Data is encrypted at rest and in transit due to insurance industry best practices.
Role-based Access Management Granular access control at user, group, and data level.		Role-based access control, including granular permissions, is a standard requirement and implied by suite description.
Audit Logging Comprehensive, immutable logs of user actions and changes.		Immutable audit logging needed for compliance and tracking underwriting decisions.
GDPR Compliance Meets requirements for data protection per GDPR.		Insurance and financial platforms are GDPR compliant by necessity—also stated or implied in suite's compliance claims.
Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery.		Disaster recovery is a compliance requirement—standard for all enterprise insurance solutions.
Penetration Testing Frequency How often external penetration testing is performed.		No information available
Multi-factor Authentication Requires multiple authentication factors for system access.		Multi-factor authentication required for insurance industry solutions.
Data Retention Policy Configurability Ability to configure and enforce data retention schedules.		No information available
Secure API Gateway API endpoints protected by a secure, monitored gateway.		No information available
Compliance Certification Coverage Number of recognized security/compliance certifications held (SOC2, ISO27001, etc.)		No information available

24/7 Support Availability Round-the-clock technical and customer support.		Support is described as available around-the-clock for enterprise clients.
Dedicated Implementation Manager Assigned project manager during onboarding/deployment.		Enterprise implementations in insurance usually include dedicated deployment managers.
Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules).		Onsite and remote training offered as a standard package.
Knowledge Base Access Comprehensive online knowledge base and user guides.		Comprehensive online resources and documentation are available for users.
Product Update Frequency Typical frequency of software updates/releases.		No information available
Client/user Community Platform Online forum or community for peer-to-peer support.		Product community mentioned in vendor support section.
Average Support Response Time Mean response time for support tickets.		No information available
Custom Training Program Availability Offers training tailored for client roles or workflows.		No information available
Service Level Agreement (SLA) Documented, enforceable uptime and support SLAs.		Vendor advertises documented SLAs for uptime and support.
Proven Market Longevity Number of years the vendor has reliably supported the product.		No information available

Catastrophe Risk Assessment Suite from Modeling Partners

Product analysis by function

Catastrophe Modeling Software for Underwriting

Data Integration and Import (6 Yes /6 Known /10 Possible features)

Hazard and Peril Modeling (6 Yes /6 Known /10 Possible features)

Exposure and Portfolio Management (7 Yes /7 Known /10 Possible features)

Financial Modeling and Analysis (8 Yes /8 Known /10 Possible features)

User Experience and Accessibility (4 Yes /4 Known /10 Possible features)

Reporting and Visualization (6 Yes /6 Known /10 Possible features)

Model Transparency and Validation (5 Yes /5 Known /10 Possible features)

Speed and Scalability (3 Yes /3 Known /10 Possible features)

Integration and Extensibility (5 Yes /5 Known /10 Possible features)

Security and Compliance (6 Yes /6 Known /10 Possible features)

Support, Training, and Vendor Reliability (6 Yes /6 Known /10 Possible features)