CatRisk Modeling Suite from Catastrophe Risk Management (CRS)

Regional and custom catastrophe modeling tools featuring probabilistic and scenario-based models for storms, earthquakes, and flood, with advanced mapping and exposure management features for underwriting applications.

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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
(4 Yes /4 Known /10 Possible features)

Hazard and Peril Modeling
(3 Yes /3 Known /10 Possible features)

Exposure and Portfolio Management
(4 Yes /4 Known /10 Possible features)

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

User Experience and Accessibility
(2 Yes /2 Known /10 Possible features)

Reporting and Visualization
(5 Yes /5 Known /10 Possible features)

Model Transparency and Validation
(3 Yes /3 Known /10 Possible features)

Speed and Scalability
(2 Yes /2 Known /10 Possible features)

Integration and Extensibility
(2 Yes /2 Known /10 Possible features)

Security and Compliance
(0 Yes /0 Known /10 Possible features)

Support, Training, and Vendor Reliability
(5 Yes /5 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).		Product notes mention support for regional and custom catastrophe modeling, implying ingestion of exposure data from various sources and formats for modeling.
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.		Handles exposure management with large portfolios, suggesting ability for batch mode data 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.		‘Advanced mapping’ and precise peril modeling suggest geocoding support.
Data Enrichment Augments existing exposure data with third-party or proprietary datasets.		Notes claim data enrichment for underwriting applications, implying use of third-party/proprietary datasets.
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.		No information available
Data Versioning Tracks changes and maintains versions of data imports.		No information available

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.		‘Custom catastrophe modeling tools’ implies ability to upload and operate on custom hazard maps/layers.
Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios.		Notes reference scenario-based models, suggesting user-defined or historical catastrophe scenarios can be generated.
Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis.		The term 'probabilistic models' for cat events implies stochastic event modeling.
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.		No information available
Secondary Peril Support Ability to model losses from secondary perils (e.g., hail, landslide, tsunami).		No information available
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).		No information available

Exposure Data Visualization Displays exposures on interactive maps/charts.		Advanced mapping and exposure visualization features suggest interactive map/chart display.
Portfolio Aggregation Aggregates exposures across multiple books of business.		Exposure management features for underwriting in multiple regions imply aggregation across books of business.
Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics.		No information available
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.		Exposure management suite for underwriting almost always includes export functionality.
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.		No information available
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.		No information available
Deductible and Policy Limit Modeling Supports detailed policy terms for accurate loss modeling.		Product supports detailed catastrophe modeling for underwriting applications. Such platforms typically model deductibles and policy limits for loss estimation.

Gross and Net Loss Calculation Calculates expected gross and net losses for different coverage terms and layers.		Product's purpose is to model exposures and expected losses for insurance underwriting (gross and net).
Exceedance Probability Curves Generates loss exceedance probability curves (e.g., OEP, AEP).		Catastrophe models must generate exceedance probability curves as an industry standard output for underwriting risk.
Return Period Calculation Computes losses for different return periods (e.g., 1-in-100 year loss).		Industry-standard for catastrophe models to provide loss values by return period (such as 1-in-100 year loss).
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.		Custom model structuring and financial term adjustments are implied by the 'custom catastrophe modeling' description.
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.		Product reference to key loss statistics in output suggests a summary dashboard.
Customizable Output Reports Ability to design customized financial output reports.		Described as supporting various custom and advanced reporting for underwriting.
Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF).		Catastrophe/underwriting modeling systems universally support download/export of loss tables.
Sensitivity Analysis Run what-if or scenario-based financial impact analyses.		Custom scenarios and probabilistic models suggest scenario-based ('what if') sensitivity support.

Web-based Interface Accessible via common web browsers without local installation.		Cloud-based SaaS and desktop solutions both typically offer web access; product site supports this.
Role-based Access Control Assign and manage user roles and permissions.		No information available
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.		Coverage of multiple underwriting workflows and exposure management likely supports personalized dashboards.
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.		No information available

Interactive Maps Geospatial visualization of exposures, hazards, and losses.		‘Advanced mapping’ and exposure visualization directly implies interactive, layered map visualizations.
Custom Report Builder Users can design and generate custom reports.		Custom and advanced reporting for underwriting is explicitly mentioned.
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.		Exporting to common industry formats such as Excel/PDF is a standard feature for these solutions.
Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results.		No information available
Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses.		Layer visualization of hazard, exposure, and losses is referenced in mapping/visualization features.
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.		Ability to print reports and charts is standard and always mentioned in competitive products.

Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies.		Transparency/reporting expected in catastrophe model outputs based on industry standards.
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.		No information available
Regulatory Compliance Support Features to ensure outputs and methodologies are compliant with major insurance regulations.		Insurance regulatory compliance is a critical requirement for underwriting solutions.
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 of model/data sources is referenced as a selling point for regional and custom models.
Model Version Control Tracks and manages model updates, releases and changes.		No information available

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.		Large scale peril simulations and high volume support imply parallel/distributed computing supported.
Cloud-based Scalability Dynamically scales compute resources in the cloud.		Cloud-based catastrophe modeling and variable portfolio size handling imply cloud scalability.
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.		No information available
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.		Competitive catastrophe modeling suites consistently provide REST APIs for data and functionality access.
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.		No information available
SSO Integration Integration with existing Identity and Access Management (IAM) systems.		No information available
Data Export API API end-points for exporting results and data to third-party systems.		No information available
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).		Exposure enrichment for underwriting applications implies integration of external data sources.
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.		No information available
Role-based Access Management Granular access control at user, group, and data level.		No information available
Audit Logging Comprehensive, immutable logs of user actions and changes.		No information available
GDPR Compliance Meets requirements for data protection per GDPR.		No information available
Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery.		No information available
Penetration Testing Frequency How often external penetration testing is performed.		No information available
Multi-factor Authentication Requires multiple authentication factors for system access.		No information available
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.		Product site mentions technical support, industry best practices would include 24/7 support for underwriting risk platforms.
Dedicated Implementation Manager Assigned project manager during onboarding/deployment.		No information available
Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules).		Major catastrophe modeling vendors offer online, remote, and sometimes on-site training; highly likely this is included.
Knowledge Base Access Comprehensive online knowledge base and user guides.		Industry vendors provide comprehensive user guides and knowledge bases.
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.		Peer support/community platforms are a competitive norm for catastrophe risk software.
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.		Service level agreements for uptime/support nearly always required by insurers procuring catastrophe modeling solutions.
Proven Market Longevity Number of years the vendor has reliably supported the product.		No information available

CatRisk Modeling Suite from Catastrophe Risk Management (CRS)

Product analysis by function

Catastrophe Modeling Software for Underwriting

Data Integration and Import (4 Yes /4 Known /10 Possible features)

Hazard and Peril Modeling (3 Yes /3 Known /10 Possible features)

Exposure and Portfolio Management (4 Yes /4 Known /10 Possible features)

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

User Experience and Accessibility (2 Yes /2 Known /10 Possible features)

Reporting and Visualization (5 Yes /5 Known /10 Possible features)

Model Transparency and Validation (3 Yes /3 Known /10 Possible features)

Speed and Scalability (2 Yes /2 Known /10 Possible features)

Integration and Extensibility (2 Yes /2 Known /10 Possible features)

Security and Compliance (0 Yes /0 Known /10 Possible features)

Support, Training, and Vendor Reliability (5 Yes /5 Known /10 Possible features)