Nasdaq Catastrophe Risk Models Available

    Risk Models

    Available on Nasdaq Risk Modelling for Catastrophes

    By delivering a range of models and services on a single platform, new levels of efficiency and cost-effectiveness are brought to the re/insurance industry.

    ARA

    Model

    Location

    Peril

    Status

    HurLoss: ARA’s “HurLoss” US hurricane model provides detailed insight into the risk from North Atlantic hurricanes, enabling clients to effectively manage their portfolios. The model covers 21 US States and the perils of wind and storm-surge and contains both historical and stochastic event sets. A range of primary and secondary modifiers are catered for via a comprehensive set of vulnerability curves, including bespoke curves for industrial facilities business.

    USA

    Hurricane

    Available

    Model

    Location

    Peril

    Status

    HurLoss: ARA’s “HurLoss” US hurricane model provides detailed insight into the risk from North Atlantic hurricanes, enabling clients to effectively manage their portfolios. The model covers 21 US States and the perils of wind and storm-surge and contains both historical and stochastic event sets. A range of primary and secondary modifiers are catered for via a comprehensive set of vulnerability curves, including bespoke curves for industrial facilities business.

    USA

    Hurricane

    Available

    CatRisk Solutions

    Model

    Location

    Peril

    Status

    CATRisk Solution’s earthquake model covers 155 countries throughout Europe, Asia, Middle East and Africa on an aggregated and site specific basis. Please contact us for the full list of countries.

     

    Europe, Asia, Middle East, Africa

    Earthquake

    Available

    Model

    Location

    Peril

    Status

    CATRisk Solution’s earthquake model covers 155 countries throughout Europe, Asia, Middle East and Africa on an aggregated and site specific basis. Please contact us for the full list of countries.

     

    Europe, Asia, Middle East, Africa

    Earthquake

    Available

    Combus

    Model

    Location

    Peril

    Status

    Australia Bushfire: The bushfire peril model covers fires in grassland, scrub or forest that cover wide areas and cause damage and loss to the environment and property. The event occurrence model is based on parameters such as temperature, humidity and wind speed and the probability of building loss takes into account type of vegetation as well as physical distance.

    Australia

    Bushfire

    Available

    Australia Low Pressure System: The low pressure system model covers five different categories of Australian weather which have similar event features and mixes of damage and loss from sub-perils. The five weather types are East Coast Lows, Eastern Low Pressure Troughs, West Coast Troughs, Southern Ocean Lows and Monsoonal Low Pressure Troughs.

    Australia

    Low pressure system

    Available

    Australia Severe Convective Storm: The severe convective storm model covers thunderstorm events due to instability in different layers of the atmosphere which can include the loss-causing sub-perils of strong winds, flooding, hail, tornadoes and lightning. These events tend to last for a number of hours with the most damage occurring over a short period of time, compared to other weather events which may last for more than one day.

    Australia

    Storm

    Available

    Australia Earthquake: The earthquake model includes events with epicentres in Australia and in surrounding regions that lead to significant ground motion for Australian exposures. Site intensities in each modelled event are estimated based on a blend of published attenuation studies while damage to property takes account of Australian design codes.

    Australia

    Earthquake

    Available

    Australia Cyclone: The full tracks of each cyclone are modelled, including events crossing the coastline and those bypassing coastal regions. For each event in the database the maximum wind speed is determined for each location of interest and using that wind speed, modified by adjustments for terrain and topography, loss to individual buildings and contents is estimated. Wind, flood and storm surge.

    Australia

    Flood

    Available

    Model

    Location

    Peril

    Status

    Australia Bushfire: The bushfire peril model covers fires in grassland, scrub or forest that cover wide areas and cause damage and loss to the environment and property. The event occurrence model is based on parameters such as temperature, humidity and wind speed and the probability of building loss takes into account type of vegetation as well as physical distance.

    Australia

    Bushfire

    Available

    Australia Low Pressure System: The low pressure system model covers five different categories of Australian weather which have similar event features and mixes of damage and loss from sub-perils. The five weather types are East Coast Lows, Eastern Low Pressure Troughs, West Coast Troughs, Southern Ocean Lows and Monsoonal Low Pressure Troughs.

    Australia

    Low pressure system

    Available

    Australia Severe Convective Storm: The severe convective storm model covers thunderstorm events due to instability in different layers of the atmosphere which can include the loss-causing sub-perils of strong winds, flooding, hail, tornadoes and lightning. These events tend to last for a number of hours with the most damage occurring over a short period of time, compared to other weather events which may last for more than one day.

    Australia

    Storm

    Available

    Australia Earthquake: The earthquake model includes events with epicentres in Australia and in surrounding regions that lead to significant ground motion for Australian exposures. Site intensities in each modelled event are estimated based on a blend of published attenuation studies while damage to property takes account of Australian design codes.

    Australia

    Earthquake

    Available

    Australia Cyclone: The full tracks of each cyclone are modelled, including events crossing the coastline and those bypassing coastal regions. For each event in the database the maximum wind speed is determined for each location of interest and using that wind speed, modified by adjustments for terrain and topography, loss to individual buildings and contents is estimated. Wind, flood and storm surge.

    Australia

    Flood

    Available

    CoreLogic

    Model

    Location

    Peril

    Status

    U.S. Earthquake: uses a bottom-up, physics-based approach to model earthquake losses, based on established principles of seismology, geology, geophysics, structural engineering, statistics and other related fields. It incorporates 2014 USGS and UCERF3 hazard data as well as two recurrence frequency models: time-dependent and time-independent. It also explicitly models damage due to liquefaction and earthquake-induced landslide.

    USA

    Earthquake

    Available

    Japan Earthquake: With the latest view of science and a 300,000 year simulation, the CoreLogic model is able to capture differences in scientific opinion and observed clustering behavior. It also incorporates a high-resolution and detailed understanding of building inventory used throughout the model process, from disaggregation through to claims validation, and it includes the sub-perils of tsunami, fire-following and sprinkler-leakage.

    Japan

    Earthquake

    Available

    Model

    Location

    Peril

    Status

    U.S. Earthquake: uses a bottom-up, physics-based approach to model earthquake losses, based on established principles of seismology, geology, geophysics, structural engineering, statistics and other related fields. It incorporates 2014 USGS and UCERF3 hazard data as well as two recurrence frequency models: time-dependent and time-independent. It also explicitly models damage due to liquefaction and earthquake-induced landslide.

    USA

    Earthquake

    Available

    Japan Earthquake: With the latest view of science and a 300,000 year simulation, the CoreLogic model is able to capture differences in scientific opinion and observed clustering behavior. It also incorporates a high-resolution and detailed understanding of building inventory used throughout the model process, from disaggregation through to claims validation, and it includes the sub-perils of tsunami, fire-following and sprinkler-leakage.

    Japan

    Earthquake

    Available

    ERN & Red

    Model

    Location

    Peril

    Status

    Pan European Seismic Risk Model: Hazard, Exposure and Vulnerability models for the Earthquake Risk assessment of 44 countries in Europe. Based on state-of-the-art methodologies, tools, software and data, it tackles the generation of the components necessary to the probabilistic evaluation of the effects of earthquake-induced ground shaking on residential, commercial, public and industrial buildings in Europe at country and portfolio scales.

    Europe

    Earthquake

    Available

    Model

    Location

    Peril

    Status

    Pan European Seismic Risk Model: Hazard, Exposure and Vulnerability models for the Earthquake Risk assessment of 44 countries in Europe. Based on state-of-the-art methodologies, tools, software and data, it tackles the generation of the components necessary to the probabilistic evaluation of the effects of earthquake-induced ground shaking on residential, commercial, public and industrial buildings in Europe at country and portfolio scales.

    Europe

    Earthquake

    Available

    Fathom

    Model

    Location

    Peril

    Status

    Fathom-UK CAT: Fathom’s probabilistic catastrophe model provides fluvial and pluvial perils at 30m resolution. Drawing upon the latest LiDAR data, the model has a catalogue of over 10,000 unique damage functions and represents 170,000 synthetic flood events spanning 10 millennia. This enables users to accurately calculate asset exposure and potential loss. Utilizing climate data from UKCP18, users can assess current and future flood risk for multiple time horizons. This includes the five policy scenarios outlined by the Bank of England's CBES exercise (Early action, Late action and No Additional Action for present-day, 2030 and 2050).

    UK

    Flood

    Available

    Fathom-US CAT: This probabilistic catastrophe model predicts flood risk in the US. Simulated at 30m resolution, Fathom-US CAT has a catalogue of over 500,000 plausible flood events spanning over many thousands of years. Validated against flood maps produced by FEMA and the United States Geological Survey, the data attained a very high level of fit to FEMA flood maps.

    USA

    Flood

    Available

    Model

    Location

    Peril

    Status

    Fathom-UK CAT: Fathom’s probabilistic catastrophe model provides fluvial and pluvial perils at 30m resolution. Drawing upon the latest LiDAR data, the model has a catalogue of over 10,000 unique damage functions and represents 170,000 synthetic flood events spanning 10 millennia. This enables users to accurately calculate asset exposure and potential loss. Utilizing climate data from UKCP18, users can assess current and future flood risk for multiple time horizons. This includes the five policy scenarios outlined by the Bank of England's CBES exercise (Early action, Late action and No Additional Action for present-day, 2030 and 2050).

    UK

    Flood

    Available

    Fathom-US CAT: This probabilistic catastrophe model predicts flood risk in the US. Simulated at 30m resolution, Fathom-US CAT has a catalogue of over 500,000 plausible flood events spanning over many thousands of years. Validated against flood maps produced by FEMA and the United States Geological Survey, the data attained a very high level of fit to FEMA flood maps.

    USA

    Flood

    Available

    Global Earthquake Model

    Model

    Location

    Peril

    Status

    The GEM Colombia model is based upon GEM’s regional model for South America first developed from 2013 to 2015 within the South America Risk Assessment (SARA) project funded by the Swiss Re Foundation and updated in 2018. The development process involved dozens of local scientists and engineers from earthquake-prone countries in South America, resulting in an open product for analyzing ground-up loss from ground shaking for residential, commercial, and industrial buildings. This model has been further improved with local information, such as local construction practices, replacement costs and level of enforcement of the seismic regulations.

    Columbia

    Earthquake

    Available

    GEM’s South Africa earthquake risk model was generated using the hazard model for South Africa developed by the South Africa Council for Geoscience as the national hazard model, and for input to South Africa building design regulations. The vulnerability and exposure models and data were developed by GEM and cover the residential, commercial and industrial building stock. The risk model may be used to assess potential financial losses to commercial, industrial and residential buildings due to earthquake ground shaking.

    South Africa

    Earthquake

    Available

    The China model has been developed by GEM using public sources of past seismicity, geodesy and geology, exposure and vulnerability information. The hazard component incorporates both faults and area sources. Earthquake occurrence rates on active faults are based on a new tectonic block model derived from the joint inversion of geodetic and geologic data. The risk model provides estimates of risk to residential, commercial and industrial buildings using GEM’s vulnerability models appropriate to Chinese construction practice. GEM has also developed an exposure model that can be used to estimate total losses to the building stock in addition to portfolio losses. GEM extensively collaborated with its private and public partners to test and validate the model against industry standards in order to produce a new model that represents GEM’s view of risk.

    China

    Earthquake

    Available

    Model

    Location

    Peril

    Status

    The GEM Colombia model is based upon GEM’s regional model for South America first developed from 2013 to 2015 within the South America Risk Assessment (SARA) project funded by the Swiss Re Foundation and updated in 2018. The development process involved dozens of local scientists and engineers from earthquake-prone countries in South America, resulting in an open product for analyzing ground-up loss from ground shaking for residential, commercial, and industrial buildings. This model has been further improved with local information, such as local construction practices, replacement costs and level of enforcement of the seismic regulations.

    Columbia

    Earthquake

    Available

    GEM’s South Africa earthquake risk model was generated using the hazard model for South Africa developed by the South Africa Council for Geoscience as the national hazard model, and for input to South Africa building design regulations. The vulnerability and exposure models and data were developed by GEM and cover the residential, commercial and industrial building stock. The risk model may be used to assess potential financial losses to commercial, industrial and residential buildings due to earthquake ground shaking.

    South Africa

    Earthquake

    Available

    The China model has been developed by GEM using public sources of past seismicity, geodesy and geology, exposure and vulnerability information. The hazard component incorporates both faults and area sources. Earthquake occurrence rates on active faults are based on a new tectonic block model derived from the joint inversion of geodetic and geologic data. The risk model provides estimates of risk to residential, commercial and industrial buildings using GEM’s vulnerability models appropriate to Chinese construction practice. GEM has also developed an exposure model that can be used to estimate total losses to the building stock in addition to portfolio losses. GEM extensively collaborated with its private and public partners to test and validate the model against industry standards in order to produce a new model that represents GEM’s view of risk.

    China

    Earthquake

    Available

    IPE

    Model

    Location

    Peril

    Status

    IPE Models cover Hail modelling for Europe with innovative approaches to model MCPI Crops, Motor Own Damage and Property along with 24hr time frame which allow pricing of Time Clause effects. The current model covers France but is expanding to Italy and Germany.

    France

    Hail

    Available

    Model

    Location

    Peril

    Status

    IPE Models cover Hail modelling for Europe with innovative approaches to model MCPI Crops, Motor Own Damage and Property along with 24hr time frame which allow pricing of Time Clause effects. The current model covers France but is expanding to Italy and Germany.

    France

    Hail

    Available

    JBA

    Model

    Location

    Peril

    Status

    Global River and Surface Water Flood: JBA’s revolutionary Global Flood Model covers river and surface water flood at 30m resolution worldwide, it enables global probabilistic quantification of loss for the first time using globally consistent hazard data and an event set made up of over 15 million flood events. Underpinned by JBA’s FLY Technology, almost all model parameters can be customized to meet individual needs.

    Global

    Flood

    Available

    UK River, Surface Water and Coastal Flood: JBA’s UK Flood probabilistic model is the first to include river, surface water and coastal flood for the United Kingdom. Designed with the implementation of Flood Re in mind, the model enables the comprehensive, high-resolution quantification of flood risk to insured properties.

    UK

    Flood

    Available

    Model

    Location

    Peril

    Status

    Global River and Surface Water Flood: JBA’s revolutionary Global Flood Model covers river and surface water flood at 30m resolution worldwide, it enables global probabilistic quantification of loss for the first time using globally consistent hazard data and an event set made up of over 15 million flood events. Underpinned by JBA’s FLY Technology, almost all model parameters can be customized to meet individual needs.

    Global

    Flood

    Available

    UK River, Surface Water and Coastal Flood: JBA’s UK Flood probabilistic model is the first to include river, surface water and coastal flood for the United Kingdom. Designed with the implementation of Flood Re in mind, the model enables the comprehensive, high-resolution quantification of flood risk to insured properties.

    UK

    Flood

    Available

    Impact Forecasting

    Model

    Location

    Peril

    Status

    Europe Windstorm: Impact Forecasting's Europe Windstorm model provides (re)insurers with a solution that is consistent with past loss experience, scientifically robust, innovative and transparent. In 2022 Impact Forecasting release an update to the model that draws on analysis of historical major storms, as well as more recent, low severity, high frequency events. In addition, more detailed residential occupancies have been included.

    Europe

    Windstorm

    Available

    Europe SCS/Hail: Impact Forecasting's Europe SCS/Hail model provides (re)insurers with scientifically robust, innovative, and transparent model that supports rigorous testing and validation requirements. Fully probabilistic model for hail is the main driver of the majority of large losses in Europe. The stochastic event set spans 50,000 years. Countries covered: Austria, Belgium, Czech Republic, France, Germany, Netherlands, Poland, Slovenia, and Switzerland.

    Europe

    SCS/Hail

    Available

    Canada Flood: Impact Forecasting's Canada Flood model offers (re)insurers a more complete view of risk in the region. The model helps insurers better underwrite and manage their river-based (fluvial), off-flood plain and rainfall (pluvial) exposures. The model assesses the potential levels of damage based on engineering expertise and claims data.

    Canada

    Flood

    Available

    Canada Earthquake: Impact Forecasting's Canada Earthquake model provides (re)insures with provision of loss estimates for client’s portfolios - both on a probabilistic and scenario basis. Stochastic and scenario event-sets provide a comprehensive view of earthquake hazard for Canada, also including a set of secondary perils - fire following, liquefaction, landslides and tsunami. It offers a range of outputs, inclusive of annual aggregates and probable maximum loss estimates for single risks and a portfolio of properties.

    Canada

    Earthquake

    Available

    Arabian Peninsula Earthquake: Impact Forecasting's Arabian Peninsula Earthquake model provides (re)insurers with a better understanding of how their portfolios will stand up against earthquakes of varying severity. The model makes use of state-of-the art research on regional seismic risk published in leading academic forums.

    Middle East

    Earthquake

    Available

    Austria Flood: Impact Forecasting's Austria flood model provides quantifications of various financial loss aspects caused by riverine (fluvial) and rainfall (pluvial) flooding and associated phenomena.This enables (re)insurers to better understand their exposure to flood events and make more informed underwriting and portfolio decisions.

    Austria

    Earthquake

    Available

    Switzerland Flood: Impact Forecasting's Switzerland Flood model calculates both probabilistic and historical loss estimates which helps (re)insurers better understand property catastrophe risk. The model reflects locally sourced data and the latest developments in hydrology to quantify financial losses caused by riverine and lake flooding.

    Switzerland

    Earthquake

    Available

    Malaysia Flood: Impact Forecasting's Malaysia Flood model helps (re)insurers manage their exposures in Asia through utilisation in pricing and underwriting, accumulation management, reinsurance structuring and fulfilling regulatory and rating agency requirements. The model has the ability to analyse portfolios with residential, commercial and industrial estate lines of business and includes construction, building height and basement modifiers.

    Malaysia

    Earthquake

    Available

    Terrorism Risk: Impact Forecasting’s Terrorism Blast Model for Manhattan (New York) enables underwriters, exposure managers, and (re)insurance buyers to precisely evaluate the impact of a bomb blast to gain a granular view of loss accumulations. IF’s high-resolution, computational fluid dynamics (CFD) terrorism blast model provides the insight to better assess and manage critical property and workers compensation exposures with innovative modelling techniques.

    Manhattan

    Terrorism

    Available

    Model

    Location

    Peril

    Status

    Europe Windstorm: Impact Forecasting's Europe Windstorm model provides (re)insurers with a solution that is consistent with past loss experience, scientifically robust, innovative and transparent. In 2022 Impact Forecasting release an update to the model that draws on analysis of historical major storms, as well as more recent, low severity, high frequency events. In addition, more detailed residential occupancies have been included.

    Europe

    Windstorm

    Available

    Europe SCS/Hail: Impact Forecasting's Europe SCS/Hail model provides (re)insurers with scientifically robust, innovative, and transparent model that supports rigorous testing and validation requirements. Fully probabilistic model for hail is the main driver of the majority of large losses in Europe. The stochastic event set spans 50,000 years. Countries covered: Austria, Belgium, Czech Republic, France, Germany, Netherlands, Poland, Slovenia, and Switzerland.

    Europe

    SCS/Hail

    Available

    Canada Flood: Impact Forecasting's Canada Flood model offers (re)insurers a more complete view of risk in the region. The model helps insurers better underwrite and manage their river-based (fluvial), off-flood plain and rainfall (pluvial) exposures. The model assesses the potential levels of damage based on engineering expertise and claims data.

    Canada

    Flood

    Available

    Canada Earthquake: Impact Forecasting's Canada Earthquake model provides (re)insures with provision of loss estimates for client’s portfolios - both on a probabilistic and scenario basis. Stochastic and scenario event-sets provide a comprehensive view of earthquake hazard for Canada, also including a set of secondary perils - fire following, liquefaction, landslides and tsunami. It offers a range of outputs, inclusive of annual aggregates and probable maximum loss estimates for single risks and a portfolio of properties.

    Canada

    Earthquake

    Available

    Arabian Peninsula Earthquake: Impact Forecasting's Arabian Peninsula Earthquake model provides (re)insurers with a better understanding of how their portfolios will stand up against earthquakes of varying severity. The model makes use of state-of-the art research on regional seismic risk published in leading academic forums.

    Middle East

    Earthquake

    Available

    Austria Flood: Impact Forecasting's Austria flood model provides quantifications of various financial loss aspects caused by riverine (fluvial) and rainfall (pluvial) flooding and associated phenomena.This enables (re)insurers to better understand their exposure to flood events and make more informed underwriting and portfolio decisions.

    Austria

    Earthquake

    Available

    Switzerland Flood: Impact Forecasting's Switzerland Flood model calculates both probabilistic and historical loss estimates which helps (re)insurers better understand property catastrophe risk. The model reflects locally sourced data and the latest developments in hydrology to quantify financial losses caused by riverine and lake flooding.

    Switzerland

    Earthquake

    Available

    Malaysia Flood: Impact Forecasting's Malaysia Flood model helps (re)insurers manage their exposures in Asia through utilisation in pricing and underwriting, accumulation management, reinsurance structuring and fulfilling regulatory and rating agency requirements. The model has the ability to analyse portfolios with residential, commercial and industrial estate lines of business and includes construction, building height and basement modifiers.

    Malaysia

    Earthquake

    Available

    Terrorism Risk: Impact Forecasting’s Terrorism Blast Model for Manhattan (New York) enables underwriters, exposure managers, and (re)insurance buyers to precisely evaluate the impact of a bomb blast to gain a granular view of loss accumulations. IF’s high-resolution, computational fluid dynamics (CFD) terrorism blast model provides the insight to better assess and manage critical property and workers compensation exposures with innovative modelling techniques.

    Manhattan

    Terrorism

    Available

    Oasis LMF

    Model

    Location

    Peril

    Status

    The Deterministic model developed by Oasis LMF allows the user to specify damage ratios by coverage and by location which are applied to the respective TIVs to produce ground-up loss and (via the Oasis financial model) gross loss and loss net of reinsurance. This can be used to calculate exposed limit or to help understand the impact of propagating scenario losses through the relevant financial structures.

    N/A

    N/A

    Available

    Model

    Location

    Peril

    Status

    The Deterministic model developed by Oasis LMF allows the user to specify damage ratios by coverage and by location which are applied to the respective TIVs to produce ground-up loss and (via the Oasis financial model) gross loss and loss net of reinsurance. This can be used to calculate exposed limit or to help understand the impact of propagating scenario losses through the relevant financial structures.

    N/A

    N/A

    Available

    Risk Frontiers

    Model

    Location

    Peril

    Status

    Australian Hail Model - HailAUS 7.0: Risk Frontiers’ HailAUS 7.0 is a fully stochastic loss model for hail and covers all of Australia. It includes a catalogue of hail storms reflecting frequency and severity of ‘high storm potential days’ derived from reanalysis data and the observed historical record. It calculates losses for Residential, Commercial, Industrial property as well as Motor portfolios.

    Australia

    Hail

    Available

    Model

    Location

    Peril

    Status

    Australian Hail Model - HailAUS 7.0: Risk Frontiers’ HailAUS 7.0 is a fully stochastic loss model for hail and covers all of Australia. It includes a catalogue of hail storms reflecting frequency and severity of ‘high storm potential days’ derived from reanalysis data and the observed historical record. It calculates losses for Residential, Commercial, Industrial property as well as Motor portfolios.

    Australia

    Hail

    Available

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    Nasdaq Risk Modelling for Catastrophes