JBA Risk Management Description
JBA Risk Management, often referred to as "The Flood People," excels in providing sophisticated flood modeling services, which include in-depth flood maps, catastrophe models, and analytics that encompass 99.98% of the Earth's land area. Their innovative solutions are crucial for top insurers, reinsurers, financial institutions, property firms, and government agencies in effectively evaluating and managing flood risks. By leveraging JBA's extensive global flood data, clients can gain insights into flood risks associated with specific properties or regions, enabling them to make well-informed decisions regarding insurance underwriting, pricing strategies, portfolio management, asset investment, and reducing disaster risks. Among their diverse offerings are high-resolution flood mapping, probabilistic flood modeling, and analytics concerning climate change, which provide valuable projections of future flood scenarios based on varying climate conditions. Furthermore, JBA enhances the accessibility and integration of their models through partnerships with platforms such as Nasdaq's ModEx, thereby broadening the reach and impact of their flood risk assessment tools. These collaborative efforts not only improve the usability of their services but also help clients stay ahead in a rapidly changing environment.
JBA Risk Management Alternatives
Macaw AMS
Macaw AMS can be used to sell Insurance. Macaw AMS can be used by brokers, MGAs or MGUs, Program Managers, and Lloyds Coverholders to automate their operations.
Macaw AMS was built with a customer-centric approach. It supports CRM, Sales and Underwriting. Customers, producers, and service providers can access self-service portals.
Macaw AMS has built-in Document Management and Task Management capabilities. It is equipped with adaptors that allow for integrated and in-flow services such as eSignature, Payments, OFAC checks, Mass Emailing, Computer Telephony, and Mass Emailing, using 3rd Party Services.
The data analytics part of Macaw AMS offers powerful data visualization with predefined dashboards, allowing users to easily upload datasets and view dynamic charts for clear, multi-dimensional insights. Interactive, real-time visualizations help uncover trends and insights, driving informed decision-making.
Macaw AMS is hosted on cloud and tested for cybersecurity. The database is relational, and the core components of the Java-based application are written in Java. Macaw AMS is capable of processing 500-1000 policies per day at its peak.
Macaw AMS is expected reduce per policy costs by 30%.
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Predict360
Predict360, by 360factors, is a risk and compliance management and intelligence platform that automates workflows and enhances reporting for banks, credit unions, financial services organizations, and insurance companies.
The SaaS platform integrates regulations and obligations, compliance management, risks, controls, KRIs, audits and assessments, policies and procedures, and training in a single cloud-based SaaS platform and delivers robust analytics and insights that empower customers to predict risks and streamline compliance.
Happy with your current GRC but lacking a true analytics and BI tool for intuitive executive and Board reports? Ask about Lumify360 from 360factors - a predictive analytics platform that can work alongside any GRC. Keep your process management workflows intact while providing stakeholders with the timely reports and dashboards they need.
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HurLoss
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.
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KatRisk
KatRisk specializes in catastrophe modeling, offering comprehensive assessments of risks associated with inland flooding, storm surges, and windstorms for a diverse clientele that includes insurers, governmental bodies, and financial institutions. Their cutting-edge models empower clients to effectively comprehend, measure, and tackle the impacts of severe weather incidents globally. Among their primary products are SpatialKat and SoloKat, which provide accurate financial risk analyses for natural disasters, enabling insurance firms to strategically prepare for major catastrophes such as floods, hurricanes, and intense convective storms. The configuration of their open model software is customized based on your specific needs and applications, ensuring enhanced outcomes that are tailored to your situation. With a flexible framework built on open-source technology, you can swiftly adapt to changing conditions, thereby benefiting from greater transparency in your risk assessments. Enjoy a personalized approach that focuses on addressing your distinct challenges and goals, resulting in a superior, customized solution designed just for you. Such a commitment to client-specific needs ensures that no two solutions are ever the same, reflecting the unique nature of the risks faced by different organizations.
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Integrations
No Integrations at this time
Company Details
Company:
JBA Risk
Year Founded:
2011
Headquarters:
United Kingdom
Website:
www.jbarisk.com/products/catastrophe-models/
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
In Person
Customer Support
Business Hours
Online Support
JBA Risk Management Features and Options
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