Risk Models

Available on Nasdaq Risk Modelling for Catastrophes

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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.

Ambiental Risk Analytics logo

Provider: Ambiental

MODEL LOCATION PERIL STATUS
Australia FloodCat: a probabilistic river flood loss model covering the entirety of Australia. The model considers stochastic events and historic event footprints, vulnerability functions and exposure to calculate estimated losses from fluvial flooding at a postcode and property level. It is the first and most detailed property level flood model for Australia providing (re)insurers with an unprecedented view of risk. Using the latest vulnerability data from Geoscience Australia and unparalleled geographic precision, this property-level model simulates flooding disasters. Australia Flood Available
Learn more at Ambiental's website
ARA logo

Provider: 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
See ARA Case Study
CATRisk Solutions

 

Provider: CATRisk Solutions

MODEL LOCATION PERIL STATUS
Middle East and Africa Earthquake: CATRisk Solution’s Middle East and Africa earthquake model covers Algeria, Burundi, Egypt, Kenya, Libya, Namibia, Morocco, Rwanda, South Africa, Tanzania, Tunisia, and Uganda in Africa, and Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Pakistan, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen in the Middle East. Middle East and Africa Earthquake Available
COMBUS logo

Provider: 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 Cyclone Available
See COMBUS case study
CoreLogic Logotype

Provider: 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
LEARN MORE AT CORELOGIC'S WEBSITE

 

ERN & RED

Provider: 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
Learn more on RED's website

 

Fathom Logotype

Provider: 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
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Global Earthquake Model (GEM)

 

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. Colombia Earthquake Available
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Impact Forecasting

Provider: Impact Forecasting

MODEL LOCATION PERIL STATUS
Arabian Peninsula Earthquake: Impact Forecasting's Arabian Peninsula Earthquake model provides (re)insurers with a better understanding of how their portfolios will stand up after 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 flood models make a wealth of data available to clients in the (re)insurance industry, enabling them to better understand their exposure to flood events and make more informed portfolio decisions. Austria Flood Available soon
Canada Flood: Impact Forecasting's Canada Flood model offers (re)insurers a more complete view of risk in the region. The model assesses the potential levels of damage based on loss data from Impact Forecasting's seven other country-specific flood models and Canadian client claims information. Canada Flood Available soon
European Windstorm Europe Windstorm Available
Malaysia Flood: Impact Forecasting's Malaysia Flood model was developed to help (re)insurers underwrite and manage their exposures in Asia. The model has the ability to analyse portfolios with residential, commercial and industrial estate lines of business. Malaysia Flood Available
Switzerland Flood: Impact Forecasting's Switzerland Flood model calculates both probabilistic and historical loss estimates which helps (re)insurers better understand the risks they write. The new tool reflects both locally-sourced data and the latest developments in hydrology. Switzerland Flood Available
See Impact Forecasting Case Study
JBA logo

Provider: JBA Risk Management

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
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Oasis Loss Modelling Framework

 

Provider: 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

 

Risk Frontiers logo

Provider: 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
Learn more at Risk Frontier's website
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