Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
                    HurLoss represents ARA's advanced hurricane catastrophe model tailored for property insurers, reinsurers, brokers, and ILS managers to adeptly navigate risks in regions susceptible to hurricanes. Since its inception in 1998, HurLoss has served as the cornerstone for structural engineering standards in hurricane-affected states and has been integral to federal emergency management and mitigation strategies across the nation since 2003. The model provides a comprehensive event set that spans the entire North Atlantic basin, covering areas such as the U.S., the Caribbean, Bermuda, and portions of Canada, Mexico, and Central America. What sets HurLoss apart is its physics-driven approach to hurricane hazard modeling combined with engineering load and resistance analysis, grounded in fundamental principles and corroborated by claims data. Additionally, the model incorporates projections related to future climate conditions, enabling users to evaluate risks using both current and anticipated climatological data, including variables such as sea surface temperature and wind shear. This forward-thinking approach ensures that stakeholders are equipped with the most relevant information to make informed decisions regarding their hurricane risk management strategies.
                
            
        
            Description
                    Risk Explorer™ is a pivotal tool in enterprise risk modeling, utilized across more than 30 nations globally. As our premier platform for risk and financial modeling, it boasts sophisticated analytics and high-performance simulation capabilities that are both adaptable and user-friendly. A diverse array of users—including insurers, reinsurers, reinsurance brokers, regulatory bodies, and consultants, ranging from small firms to industry giants—leverages Risk Explorer’s cutting-edge modeling features and reliable technology to enhance value within their organizations. The software’s engineering design, combined with its intuitive interface, facilitates the rapid construction of even the most complex corporate risk models within a matter of days once all risks are defined. This swift implementation ultimately leads to the prompt realization of commercial advantages gained from effective financial modeling. Additionally, Risk Explorer™ continuously evolves to meet the changing needs of the industry, ensuring that users remain at the forefront of risk management practices.
                
            
        
            API Access
            
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                Integrations
            
                
    Moody’s Risk Modeler
            
            
        
        
    
        
        
            
                
    Oasis Loss Modeling Framework
            
            
        
        
    
                
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                Vendor Details
Company Name
ARA
Founded
1998
Country
United States
Website
www.ara.com/hurloss/
Vendor Details
Company Name
Ultimate Risk Solutions
Country
United States
Website
www.ultirisk.com/products/1#top
Product Features
Product Features
Financial Risk Management
                                        Compliance Management
                                        
                                    
                                    
                                    
                                        Credit Risk Management
                                        
                                    
                                    
                                    
                                        For Hedge Funds
                                        
                                    
                                    
                                    
                                        Liquidity Analysis
                                        
                                    
                                    
                                    
                                        Loan Portfolio Management
                                        
                                    
                                    
                                    
                                        Market Risk Management
                                        
                                    
                                    
                                    
                                        Operational Risk Management
                                        
                                    
                                    
                                    
                                        Portfolio Management  
                                        
                                    
                                    
                                    
                                        Portfolio Modeling
                                        
                                    
                                    
                                    
                                        Risk Analytics Benchmarks
                                        
                                    
                                    
                                    
                                        Stress Tests
                                        
                                    
                                    
                                    
                                        Value At Risk Calculation