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
Verisk Specialty Business Solutions, previously known as Sequel, has established itself as a premier software provider in the industry for more than 25 years, offering effective and dependable solutions that ensure comprehensive management of both insurance and reinsurance operations. Consequently, our clients experience enhanced growth and improved business management through increased efficiency, adaptability, and robust data governance. With our dynamic software solutions and attentive support services, we have identified pathways to success. We are excited to introduce a groundbreaking offshore renewable energy module within our exposure management system, Impact, which utilizes the extensive global dataset of offshore wind farms compiled by Clarksons, the leading shipping services firm. This recent upgrade reflects our commitment to innovation, as our advanced and cohesive software suite facilitates complete management for all insurance and reinsurance entities, empowering our clients to gain a clearer perspective for sustainable business growth and management. Ultimately, our goal is to continue evolving alongside industry needs, ensuring that our clients are equipped with the tools necessary to thrive in a competitive landscape.
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
Verisk Sequel
Founded
1993
Country
United Kingdom
Website
www.verisksequel.com