Who service the industry
Quantify and Manage risk.
Modelling Software Providers
AIR Worldwide (AIR) provides catastrophe risk modeling solutions that make individuals, businesses, and society more resilient. AIR founded the catastrophe modeling industry in 1987, and today models the risk from natural catastrophes, terrorism, cyber attacks, and pandemics globally. Insurance, reinsurance, financial, corporate, and government clients rely on AIR’s advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, site-specific engineering analyses, and agricultural risk management.
In an increasingly risky world, insurers and reinsurers need more sophisticated tools to quantify and manage the risks facing their businesses. Impact Forecasting, Aon Benfield’s catastrophe model development centre of excellence, enables firms to analyse the financial implications of catastrophic events and achieve a greater understanding of their risks.
Increasing uncertainty to catastrophic events is challenging the insurance industry to revisit existing catastrophic risk management and loss adjustment strategies by improving the overall understanding of all natural hazards.
Our suite of more than 180 catastrophe models covering over 95 territories incorporates the latest scientific research, deep engineering knowledge, and a breadth of claims and exposure data to produce a unique and innovative view of global catastrophe risk—all available via a variety of flexible delivery options, including API integration, on-premise, cloud or professional services.
CoreLogic’s position as the key provider of US property characteristics also allows us to provide unique, up to date and accurate insights which inform risk selection and pricing at the point of underwriting.
Nasdaq Risk Modelling for Catastrophes, previously known as ModEx, is the first independent multi-vendor catastrophe (cat) risk modelling platform for the re/insurance industry. Powered by the Oasis Loss Modelling Framework and delivered as a service, it offers a new and cost-effective way for firms to meet their modelling requirements.
The Nasdaq Risk Modelling service creates an ecosystem where model vendors can make their models, hazard data and analytics available to the industry via a single platform. We work with vendors from all over the world to improve the quality and choice of models and services available in the market.
Geographic Information Systems
See your total exposure in a single view
Now you can quantify your total risk exposure in seconds and watch every insurable asset automatically upload and be enriched with external data, for both onshore and offshore risks.
What's more, you can overlay simulated events like earthquakes, fires or floods onto designated geographic areas for pin-point risk modelling.