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
Has API
API Access
Has API
Integrations
Moody’s Risk Modeler
Oasis Loss Modeling Framework
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
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