CoreLogic Catastrophe Risk
CoreLogic's Catastrophe-Risk Solutions combine cutting-edge research, extensive engineering expertise and a vast database of claims and exposure information to provide an unparalleled perspective on catastrophe risk around the world. These solutions, which span six continents and more than 100 countries and include more than 185 high fidelity models, provide detailed insights into a variety of perils including floods and wildfires. They also offer insight into earthquakes, hurricanes and typhoons. Navigate, a cloud based analytical portal, offers insurers and re-insurers rapid data processing, enhanced scaleability, and precise property risk assessments. Navigate's flexible API-first architecture allows for seamless integration of model outputs and seamless integration across CoreLogic platforms. This facilitates efficient risk evaluation and informed decisions.
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Oasis Loss Modeling Framework
The Oasis LMF (Open Source Loss Modeling Framework) is a platform for open source catastrophe modelling that aims to improve risk assessment by enhancing transparency, performance and innovation. Oasis LMF, established as a non-profit organization, offers a comprehensive set of tools for developing and deploying catastrophe models, without restrictions on modeling methods. The platform has a web-based interface and an API to integrate seamlessly with other systems. This facilitates interoperability and user-friendliness. Oasis' ktools, for example, enable large-scale catastrophe models to be executed. The Oasis Model Development Toolkit facilitates model development and testing. Oasis LMF ecosystem, which emphasizes community collaboration, comprises more than 18 suppliers, offering over 90 models. This fosters a diverse and robust modelling environment.
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HurLoss
HurLoss, ARA's hurricane catastrophe model, is designed to help property insurers, reinsurance companies, brokers and ILS managers manage risk in hurricane prone areas. HurLoss is the basis for structural design for hurricane-prone states since 1998 and has been used for federal emergency planning and mitigation nationwide since 2003. The model provides a unified set of events covering the entire North Atlantic Basin, including the U.S. and Caribbean, Bermuda and parts of Canada and Mexico. HurLoss's physics-based hurricane hazards modeling and engineering load modeling are based on fundamental principles, and validated by claims data. It incorporates future weather conditioning, allowing the user to assess risk based on current or projected climatological data.
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Moody’s Risk Modeler
(Re)insurers require modeling software that provides faster analytics, deeper insights and more efficient workflows to improve underwriting, pricing and risk transfer decisions in a market that is becoming increasingly challenging. This is the benefit of using Risk Modeler™, as the foundation for your interconnected risk management lifecycle. With greater transparency, flexibility and customization, you can better understand the drivers of risk. Third-party modeling can help you reduce expense ratios, improve productivity, and gain better risk insights. Cloud-native architecture allows you to create new digital workflows that meet changing business needs. Risk Modeler is able to run more than 400 Moody's RMS and more than 300 Nasdaq models across multiple regions, perils and lines of business, using a cloud platform.
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