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A complete catastrophe risk management system that supports the entire risk management workflow. It offers detailed loss modeling for multiple perils, including hurricanes, earthquakes, floods, and terrorism, with advanced analytics for underwriting, pricing, and portfolio management.
More about AIR Worldwide (Verisk)
Specialized applications that simulate and predict the potential impact of natural disasters and catastrophic events on insured properties and portfolios. These tools are crucial for pricing property insurance in high-risk areas.
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Multi-source Data Import Ability to ingest data from various formats and sources (e.g., spreadsheets, databases, APIs, GIS formats). |
Touchstone supports import of data from multiple sources and formats, as stated in product documentation. | |
Real-time Data Sync Capacity to synchronize and update data feeds in real-time (e.g., exposure databases, hazard maps). |
Touchstone provides real-time updates to exposure databases and hazard data integration. | |
Batch Data Processing Support for importing and processing large datasets in batch mode. |
Batch data import is a key feature for handling large portfolios, as highlighted in marketing materials. | |
Data Quality Checks Automatic validation and cleansing of input data for errors or inconsistencies. |
Includes automated data validation and cleansing per feature documentation. | |
Geocoding Capability Transforms address data into precise latitude/longitude for hazard analysis. |
Geocoding is built-in for address-level location accuracy, per technical specs. | |
Data Enrichment Augments existing exposure data with third-party or proprietary datasets. |
Supports data enrichment via integration with third-party data providers. | |
Bulk Upload Speed Time taken to import a standard set of exposure data. |
No information available | |
Supported File Types Number of supported input file types or APIs. |
No information available | |
Automated Mapping to Model Schema Automatic mapping of imported data to the catastrophe model schema. |
Features schema mapping tools for model-based data integration. | |
Data Versioning Tracks changes and maintains versions of data imports. |
Maintains data version history as a core feature (referenced in security and audit documentation). |
Supported Perils Number and variety of perils included (e.g., earthquake, flood, windstorm, wildfire, terrorism). |
No information available | |
Custom Hazard Layer Support Upload and use custom hazard maps or layers. |
Allows user-defined hazard maps to be uploaded. | |
Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios. |
Touchstone includes historical and user-defined event scenario generation. | |
Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis. |
Stochastic event sets and millions of simulations supported for probabilistic modeling. | |
Model Update Frequency How often hazard models are updated with new research or data. |
No information available | |
Geographical Coverage Number of countries/regions supported for catastrophe risk modeling. |
No information available | |
Climate Change Adjustments Can incorporate projections or adjustments for climate change. |
Touchstone supports climate change impact analysis/adjustments. | |
Secondary Peril Support Ability to model losses from secondary perils (e.g., hail, landslide, tsunami). |
Can model secondary perils such as hail, tsunami, and landslide, per technical fact sheets. | |
Event Footprint Granularity Minimum resolution of modeled event footprints. |
No information available | |
Peril Correlation Modeling Can model dependencies between perils (e.g., hurricane and flood). |
Touchstone models peril dependencies (e.g., wind and flood combined impact analysis). |
Exposure Data Visualization Displays exposures on interactive maps/charts. |
Interactive dashboards offer exposure data visualization. | |
Portfolio Aggregation Aggregates exposures across multiple books of business. |
Aggregates exposures for multiple portfolios/business. | |
Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics. |
Portfolio concentration/diversification metrics are supported as described in analytics capabilities. | |
Real-time Portfolio Monitoring Updates aggregate risk metrics as exposures are changed or added. |
Supports real-time updates and monitoring of portfolio metrics. | |
Exposure Data Export Can export exposure and risk results to various formats. |
Touchstone allows export of exposure data/results in multiple formats. | |
Exposure Limit Enforcement Automated checks to ensure exposures do not exceed predefined limits. |
Exposure checks for policy/portfolio limits are built in. | |
Geospatial Filtering Filter and segment portfolios based on geospatial criteria. |
Geospatial filtering is detailed in portfolio segmentation features. | |
Portfolio Size Limit Maximum number of locations the system can handle in a portfolio. |
No information available | |
Exposure Change Log Tracks all exposure data changes and user actions. |
Change logs for exposures and actions are present in audit/history functions. | |
Deductible and Policy Limit Modeling Supports detailed policy terms for accurate loss modeling. |
Policy terms including deductibles and limits are a documented part of loss modeling. |
Gross and Net Loss Calculation Calculates expected gross and net losses for different coverage terms and layers. |
Touchstone supports gross and net loss calculations for various policy layers. | |
Exceedance Probability Curves Generates loss exceedance probability curves (e.g., OEP, AEP). |
Loss exceedance probability curves (OEP, AEP) generation is part of financial output reports. | |
Return Period Calculation Computes losses for different return periods (e.g., 1-in-100 year loss). |
Return period loss estimates (e.g., 1-in-100 year) available in output options. | |
Correlation with Financial Instruments Ability to analyze risk correlation with cat bonds or reinsurance layers. |
Cat bond and reinsurance program risk correlation supported according to advanced modeling features. | |
Custom Financial Structure Modeling Supports modeling of complex insurance and reinsurance structures. |
Custom financial and reinsurance structure modeling is highlighted in capabilities listings. | |
Fast Calculation Speed Average time needed to run a standard financial analysis simulation. |
No information available | |
Loss Summary Dashboard Visual dashboard showing key loss statistics and model outputs. |
Financial analysis results and loss summaries available in dashboard view. | |
Customizable Output Reports Ability to design customized financial output reports. |
Reports are customizable according to client workflow needs. | |
Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF). |
Loss tables can be exported in common file formats. | |
Sensitivity Analysis Run what-if or scenario-based financial impact analyses. |
Supports what-if analysis and scenario testing on modeled losses. |
Web-based Interface Accessible via common web browsers without local installation. |
Available via browser; web-based login and remote access supported. | |
Role-based Access Control Assign and manage user roles and permissions. |
Enables role-based access control for user management as per security documents. | |
Multi-language Support Software interface available in multiple languages. |
No information available | |
Mobile Access Optimized for tablet and mobile device access. |
No information available | |
Guided Workflows Step-by-step wizards for common tasks such as data upload and model run. |
Touchstone features workflow wizards for data import, model setup, and loss analysis. | |
Customizable Dashboards Personalize dashboards and widgets for different users/roles. |
Customizable dashboards and user interfaces per Touchstone user manual. | |
Accessibility Compliance Conforms to ADA, WCAG, or other accessibility standards. |
No information available | |
Concurrent User Support Max number of users that can access the system simultaneously. |
No information available | |
In-app Help and Tutorials On-demand user assistance and embedded tutorials. |
Touchstone provides in-app help, guidance, and tutorials. | |
API Documentation Availability Comprehensive, online documentation for system APIs. |
Extensive online API documentation is available to all Touchstone clients. |
Interactive Maps Geospatial visualization of exposures, hazards, and losses. |
Interactive mapping and visualization form a core part of the user interface. | |
Custom Report Builder Users can design and generate custom reports. |
Custom reporting templates and builders are listed in product features. | |
Scheduled Reporting Automated generation and delivery of reports on schedule. |
Scheduled, automated report delivery supported per documentation. | |
Export to Multiple Formats Ability to export visualizations and reports to PDF, Excel, image formats. |
Exports available in PDF, XLS, and image formats. | |
Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results. |
Touchstone supports dynamic dashboards; real-time dashboard updates are supported. | |
Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses. |
Layered data visualization, including heat maps, supported. | |
Portfolio Comparison Charts Compare risk metrics and losses across multiple portfolios. |
Can compare portfolios visually and statistically via comparison charts. | |
Event Animation Animated visualization of catastrophe event paths and impacts. |
Animated event paths included in product demonstration videos. | |
Report Customization Options Number of customizable parameters for reports. |
No information available | |
Print-optimized Outputs Reports and charts optimized for printing and physical sharing. |
Reports and outputs are print and presentation optimized. |
Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies. |
Model assumptions and documentation are provided for transparency and validation. | |
Model Validation Tools Built-in tools for validating model outputs against historical data or benchmarks. |
Integrated model validation tools referenced in technical FAQs and user guides. | |
Validation Report Generation Automated generation of validation/benchmarking reports. |
Automated validation report generation is a documented feature. | |
Audit Trail Comprehensive logs tracking model inputs, changes, and user actions. |
Audit trails are available for all key workflow actions. | |
Regulatory Compliance Support Features to ensure outputs and methodologies are compliant with major insurance regulations. |
Support for regulatory compliance, including Solvency II and NAIC, per website. | |
User Model Overrides Ability for users to override and document model settings for special cases. |
Touchstone allows users to override model defaults for special use cases. | |
Peer Review Workflow Support for collaborative review and approval of model results. |
Peer/collaborative review workflows are cited in Touchstone product materials. | |
Custom Model Benchmarking Ability to benchmark results with third-party or custom models. |
Can benchmark against custom or third-party model output. | |
Transparency of Data Sources Lists all data sources, their provenance and date last updated. |
Lists and documents all reference data sources; available in documentation. | |
Model Version Control Tracks and manages model updates, releases and changes. |
Model version controls and release management are part of Touchstone workflow. |
Model Run Time Average time to complete a standard catastrophe model run. |
No information available | |
Parallel Processing Support Ability to leverage parallel or distributed computing for faster calculations. |
Leverages distributed and parallel computing, per scalability whitepapers. | |
Cloud-based Scalability Dynamically scales compute resources in the cloud. |
Touchstone is available as a cloud-based, scalable SaaS platform. | |
Batch Processing Capacity Number of concurrent model runs or portfolios the system can handle. |
No information available | |
High Volume Data Support Maximum portfolio size supported without performance degradation. |
No information available | |
Auto-scaling Triggers Automatically scales resources based on system load thresholds. |
No information available | |
Interrupt/Resume Support Users can pause and resume long-running model calculations. |
Supports pausing/resuming of complex modeling tasks. | |
API Request Rate Limit Maximum rate of API requests supported. |
No information available | |
Time to First Result How quickly first interim results are available. |
No information available | |
Queue Management Tools Tools to manage, monitor, and prioritize queued jobs. |
Job queue management is available for batch/cross-portfolio processes. |
REST API Availability Comprehensive REST API for programmatic access to all major functions. |
Comprehensive REST APIs available for programmatic access documented on support portal. | |
Event-driven Webhooks Support for triggering external actions on data/modeling events. |
Event-driven workflows/webhooks described in API and integration documentation. | |
Custom Plug-in Support Framework for integrating custom models, scripts or plug-ins. |
Plug-in/extensions framework available; cited for custom model development. | |
SSO Integration Integration with existing Identity and Access Management (IAM) systems. |
SSO integration available per enterprise deployment options. | |
Data Export API API end-points for exporting results and data to third-party systems. |
Data export API endpoints are publicly documented. | |
ERP and Policy Admin Integration Pre-built connectors to major insurance admin or ERP systems. |
Integrates with policy admin and ERP systems per partner ecosystem info. | |
Custom Workflow Integration Ability to trigger or integrate with custom workflows via API. |
APIs allow custom workflow integration, referenced in implementation guides. | |
Third-party Data Provider Support Integration with external data providers (e.g., hazard, satellite imagery). |
Connects to external data providers for hazard and exposure enrichment. | |
Integration Setup Time Average time to configure and deploy a new integration. |
No information available | |
SDK Availability Provision of software development kits for developers to build extensions. |
No information available |
Data Encryption Encrypts data during transmission and at rest. |
Touchstone encrypts data at rest and during transmission as per security section. | |
Role-based Access Management Granular access control at user, group, and data level. |
Offers granular, role-based security and access management. | |
Audit Logging Comprehensive, immutable logs of user actions and changes. |
Comprehensive audit logging and immutable change records. | |
GDPR Compliance Meets requirements for data protection per GDPR. |
Meets GDPR compliance standards, as referenced by Verisk compliance documentation. | |
Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery. |
Touchstone implements backup and disaster recovery protocols. | |
Penetration Testing Frequency How often external penetration testing is performed. |
No information available | |
Multi-factor Authentication Requires multiple authentication factors for system access. |
Multi-factor authentication is available on enterprise deployments. | |
Data Retention Policy Configurability Ability to configure and enforce data retention schedules. |
Data retention policies are configurable in administrative console. | |
Secure API Gateway API endpoints protected by a secure, monitored gateway. |
Secured API gateway infrastructure in place per technical documentation. | |
Compliance Certification Coverage Number of recognized security/compliance certifications held (SOC2, ISO27001, etc.) |
No information available |
24/7 Support Availability Round-the-clock technical and customer support. |
24/7 support coverage available for enterprise clients, as per support section. | |
Dedicated Implementation Manager Assigned project manager during onboarding/deployment. |
Implementation managers are assigned for onboarding/new deployments. | |
Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules). |
Training provided in multiple formats: onsite, remote, and online modules. | |
Knowledge Base Access Comprehensive online knowledge base and user guides. |
Online knowledge base and searchable user manuals present. | |
Product Update Frequency Typical frequency of software updates/releases. |
No information available | |
Client/user Community Platform Online forum or community for peer-to-peer support. |
Online user community for product support and knowledge sharing. | |
Average Support Response Time Mean response time for support tickets. |
No information available | |
Custom Training Program Availability Offers training tailored for client roles or workflows. |
Custom training programs available, tailored according to client/user groups. | |
Service Level Agreement (SLA) Documented, enforceable uptime and support SLAs. |
Documented, enforceable SLAs provided as part of service agreements. | |
Proven Market Longevity Number of years the vendor has reliably supported the product. |
No information available |
Tools that monitor and manage the accumulation of insurance exposures across geographic areas, business lines, and risk categories to prevent concentration risks.
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Geographical Accumulation Tracking Ability to track exposures by geographic region (country, state, city, zip/post code, latitude/longitude, and custom zones). |
. | No information available |
Line of Business Segmentation Supports segregation and analysis of exposures by various insurance business lines (e.g., property, casualty, marine, life). |
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Risk Category Drilldown Allows for breakdown and aggregation of exposures by risk type (perils, policy types, etc.). |
. | No information available |
Custom Aggregation Rules Customization of accumulation definitions based on user-defined rules and hierarchies. |
. | No information available |
Frontier Monitoring System alerts when policies cross user-defined concentration thresholds at any aggregation level. |
. | No information available |
Real-Time Data Refresh Rate Frequency at which exposure data is refreshed in the system. |
. | No information available |
Maximum Record Capacity The total number of exposure records (e.g., risks, locations) the system can handle without performance degradation. |
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Historical Accumulation Analysis Ability to view and compare accumulation over different time periods. |
. | No information available |
Multi-Portfolio Support Ability to monitor exposures across multiple insurance portfolios simultaneously. |
. | No information available |
Scenario Based Accumulation Capability to simulate accumulation impacts based on event or scenario parameters. |
. | No information available |
Drill-Through Capabilities Ability to navigate from portfolio to location or individual risk details directly. |
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Exposure Heat Maps Visual overlays of exposure accumulations, typically on maps or charts. |
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Dynamic Filtering Interactive filters for dimension (time, location, LOB, etc.) slices on exposures. |
. | No information available |
Alert Threshold Customization Ability for users to set and adjust customized threshold levels for alerts. |
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Automated Breach Notifications Automatic notification (email, SMS, dashboard alert) to stakeholders when accumulation thresholds are breached. |
. | No information available |
Multi-Source Data Integration Support for integrating policy, claims, reinsurance, cat modeling, and third-party data sources. |
. | No information available |
API Availability Availability of APIs for inbound and outbound data transfers. |
. | No information available |
Data Validation Built-in data quality and validation checks during import and processing. |
. | No information available |
Batch Upload Support Allows batch loading/updating of large datasets. |
. | No information available |
Data Versioning Maintains different versions of data loaded for auditing and rollback. |
. | No information available |
Cross-System Reconciliation Ability to reconcile exposure data across systems and highlight discrepancies. |
. | No information available |
Mapping Tools Tools to map and transform incoming data fields to standardized system schema. |
. | No information available |
Automatic Geocoding Converts address data into latitude/longitude for spatial analysis. |
. | No information available |
Data Encryption Supports encryption of data both at rest and in transit. |
. | No information available |
File Format Compatibility Supports multiple file formats (CSV, Excel, JSON, XML) for data ingestion and export. |
. | No information available |
Data Retention Period Length of time data is stored and accessible in the system. |
. | No information available |
Pre-Built Reports Availability of standard reporting templates (e.g., accumulation by region, top 10 accumulations, trends). |
. | No information available |
Custom Report Designer Tools that enable users to design and build custom reports. |
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Scheduled Reporting Automated generation and distribution of reports based on a predefined schedule. |
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Ad Hoc Query Capability Users can perform ad hoc queries on exposure data within the system. |
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Interactive Dashboards Visual dashboards with real-time data and drilldown capability. |
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Export Options Export reports and analytics outputs in various formats (Excel, PDF, CSV). |
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Scenario Analysis Tools Ability to model and visualize effects of hypothetical or historical scenarios on exposure. |
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Data Visualization Widgets Variety of charts, maps, graphs to represent accumulation data dynamically. |
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Multi-Dimensional Analysis Ability to slice and dice exposure data by multiple dimensions and metrics. |
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Data Aggregation Speed Typical system performance for aggregating exposures across standard reporting dimensions. |
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Cat Model Plug-In Support Direct integration with major third-party catastrophe models (e.g., RMS, AIR, others). |
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Exposure Data Export for Modeling Ability to export exposure data in formats usable by catastrophe modeling software. |
. | No information available |
Return Period Curve Overlay Overlay exposure accumulations with modeled loss exceedance probability curves. |
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Scenario Running within Platform Users can run cat model scenarios directly inside the exposure management system. |
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Event Footprint Import Ability to import event footprints from modelers and overlay on current exposure data. |
. | No information available |
Event Response Workflow Workflows for rapid accumulation and loss estimation after a major (real-world) catastrophe event. |
. | No information available |
Probabilistic and Deterministic Event Support Ability to analyze exposure using both cat model types. |
. | No information available |
Model Version Control Support for managing multiple versions/updates of catastrophe models and their outputs. |
. | No information available |
Customizable Workspaces Users can personalize dashboards, views, and layouts. |
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Role-Based Access Controls Granular permissions and access based on user profiles and roles. |
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User Onboarding Tools Guided tutorials, contextual help, and setup wizards for new users. |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1) for users with disabilities. |
. | No information available |
Mobile Responsive Design Platform is accessible and usable on mobile and tablet devices. |
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Multi-Language Support Interface and documentation are available in multiple languages. |
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Task Automation Users can automate routine exposure management tasks. |
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Favorites and Shortcuts Quick access to frequently used functions or portfolios. |
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Session Timeout Settings Configurable time for user session timeout for security. |
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User Authentication Options Supports multi-factor authentication, SSO, LDAP integration. |
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Audit Logging Comprehensive log of user actions and system events for forensic and compliance needs. |
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Data Masking & Redaction Sensitive data fields can be masked or redacted at rest and in motion. |
. | No information available |
Granular Access Controls Detailed control over data and action access at the field, record, and report level. |
. | No information available |
GDPR/CCPA Readiness Features and documentation supporting global data privacy regulations compliance. |
. | No information available |
Penetration Testing Frequency How often system undergoes penetration testing. |
. | No information available |
Encryption Standards Level/type of encryption used (e.g., AES-256). |
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Incident Response Procedures Documented and automated procedures for handling security incidents. |
. | No information available |
Regulatory Audit Trail Provides evidence required for audits by regulators. |
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Maximum Concurrent Users The maximum number of users who can reliably use the system simultaneously. |
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Data Processing Throughput Rate at which the system processes and updates incoming exposures. |
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System Uptime SLA Service level agreement for system availability. |
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Response Time for Standard Queries Average system response time for core aggregation or lookup queries. |
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Horizontal Scalability Ability to scale system performance by adding hardware resources. |
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Auto-Scaling System can automatically adjust compute resources based on workload. |
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Peak Load Handling System can handle specified peaks in data or user activity without performance loss. |
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Treaty Terms Ingestion System can import and model reinsurance treaties, terms, and layers. |
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Ceded Risk Calculation Calculates the net retained and ceded exposures to reinsurers. |
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Retrocession Modeling Supports modeling of further retrocession arrangements on top of primary treaties. |
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Pro-rata and Excess of Loss Support Handles both proportional and non-proportional reinsurance structures. |
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Automated Treaty Application Automatically applies treaty rules across exposures for accumulation scenarios. |
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Treaty Expiry Alerts Notifies users as treaties approach expiration, to avoid coverage gaps. |
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Multi-Treaty Layer Support Can model multiple treaties and layers in combination. |
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Exposure Review Workflow Structured approval and review processes for new risks or accumulation changes. |
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Commenting/Annotation Capabilities Users can comment on, annotate, or flag records and reports for collaboration. |
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Task Assignment Assign and track exposure-related tasks among users/teams. |
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Notification Center Central feed of alerts, assignments, and reviews. |
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Automated Escalation Automatically routes unresolved issues to management after configurable time. |
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Integration with Messaging Platforms Connects to Slack, Teams, or email for notification and collaboration. |
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Change Tracking Full version history of exposure changes and administrative actions. |
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Core Insurance Platform Connectivity Pre-built connections to common policy admin, claims, or billing systems. |
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GIS and Mapping Data Feeds Ability to consume external mapping, hazard, and data enrichment feeds. |
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External Event Notification APIs Receives notifications of real-world events (e.g., earthquakes, hurricanes) from third parties. |
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Regulatory Reporting Integration Automates export in required formats for regulatory reporting. |
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Document Management Systems Integrates with enterprise document storage and retrieval platforms. |
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Single Sign-On (SSO) Providers Supports integration with enterprise authentication systems for user login. |
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Implementation Timeframe Typical time required from project start to go-live. |
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Training Materials Availability of comprehensive documentation, training courses, and user guides. |
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Dedicated Support Manager Assignment of a customer success manager or support rep post go-live. |
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User Community or Portal Access to user forums, knowledge base, and peer support. |
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Service Desk Availability Current level of help desk (hours per day / days per week). |
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SLAs for Issue Resolution Defined timeframes for system issue troubleshooting and resolution. |
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Customizable Onboarding Supports customized onboarding experiences for different clients/teams. |
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Advanced analytical systems that quantify potential losses from various risk factors, including natural catastrophes, financial market movements, and operational failures.
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Multi-format Data Import Supports ingestion of data in formats such as CSV, Excel, JSON, XML, and proprietary insurance formats. |
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API Connectivity Provides APIs or connectors to fetch data from core insurance systems, third-party data providers, or external risk data feeds. |
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Real-time Data Sync Allows real-time or near-real-time updates to risk models as new data becomes available. |
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Data Cleansing Tools Offers automated tools for data deduplication, error correction, and normalization. |
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Historical Data Import Supports ingestion of historical data sets for backtesting and model validation. |
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Bulk Upload Speed Maximum records processed per minute during bulk data upload. |
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External Catastrophe Model Integration Integrates with third-party catastrophe models (e.g., RMS, AIR). |
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Event-driven Data Import Can trigger imports when new data events occur. |
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Data Mapping Interface Provides an interface to map and align imported data fields with model input requirements. |
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Automated Data Validation Runs rule-based checks on incoming data to ensure completeness and validity. |
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Data Version Control Supports storing and referencing multiple historical versions of imported data sets. |
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File Size Limit Maximum file size supported per upload. |
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User Activity Logging Tracks and logs all data import or integration activities. |
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Encryption of Imported Data Ensures all imported data are encrypted in transit and storage. |
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Multi-Peril Modeling Supports assessment of multiple types of perils (e.g., nat-cat events, cyber, credit, operational risk). |
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Custom Model Creation Allows users to design and implement their own risk models using a scripting or low-code environment. |
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Stochastic Modeling Performs probabilistic modeling using Monte Carlo or other stochastic techniques. |
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Scenario Analysis Enables creation of custom scenarios and stress testing against various events. |
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Parameter Sensitivity Analysis Assesses how changes in input parameters affect model output. |
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Model Granularity Minimum level of granularity (e.g., policy, location) supported by the model. |
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Correlation Modeling Supports modeling of dependencies and correlations between risks. |
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Portfolio Aggregation Aggregates risks across portfolios for enterprise-level risk assessment. |
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Out-of-the-Box Model Library Library of pre-built models for common insurance risk types. |
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Open Model Architecture Supports integration of external user-developed or third-party risk models. |
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Model Execution Speed Average time to run a single standard risk model. |
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Time Horizon Flexibility Allows selection of modeling time frames (e.g., annual, quarterly, event-based). |
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Data Volume Capacity Maximum data volume supported per modeling run. |
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Batch Processing Ability to execute models on multiple portfolios in parallel. |
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Geospatial Modeling Incorporates geospatial data in modeling (e.g., for natural catastrophe risks). |
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Custom Report Builder Allows users to design and generate custom risk and portfolio reports. |
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Interactive Dashboards Provides real-time, interactive risk dashboards with drill-down capabilities. |
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Map-Based Visualization Visualizes exposure and losses on geospatial maps. |
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Export Options Supports export of reports and analyses in formats such as PDF, Excel, CSV, and images. |
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Automated Report Scheduling Can automate the production and distribution of regular reports. |
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Risk Metric Visualization Graphical visualization of key risk metrics (e.g., VaR, loss distributions, exceedance probabilities). |
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Data Drill-Down Allows users to explore results from aggregated to granular detail interactively. |
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Scenario Comparison Charts Visualize and compare risk outcomes under different input scenarios. |
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Custom Branding Reports and dashboards can be customized with user’s corporate identity. |
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Mobile-Friendly Visualization Allows access to key dashboards and reports via mobile devices. |
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Large Report Generation Speed Generation time for standard large-scale reports. |
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Embedded Visuals Ability to embed dashboards in external websites or portals. |
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Annotation Tools Allows users to annotate or comment on visualizations. |
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Role-Based Access to Reports Restricts report visibility based on user roles or permissions. |
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Report Versioning Maintains versions of reports to track changes over time. |
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Compliance Framework Templates Pre-built frameworks for Solvency II, IFRS 17, NAIC, and other regulations. |
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Audit Trail Tracks and retains detailed logs of model changes, user actions, and inputs. |
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Validation Rules Engine Applies regulatory or internal control validation rules to models and calculations. |
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Model Approval Workflow Built-in workflow for model review, approval, and sign-off. |
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Role-Based Permission Controls Fine-grained access management for data, models, and reports. |
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Documentation Repository Central storage for all model documentation, assumptions, and regulatory submissions. |
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Model Version Management Enables versioning and rollback of risk models. |
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Automated Regulatory Reporting Generates reports in regulatory-required formats and schemas. |
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Access Logging Logs all user access for compliance audits. |
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Change Request Tracking Tracks all proposed and implemented model changes for governance. |
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Segregation of Duties Enforces separation of model development, validation, and approval roles. |
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Data Retention Policy Interface Configure and enforce policies on how long data and models are retained. |
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Automated Compliance Alerts Notifies users of compliance breaches and required remediation. |
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Regulatory Feed Updates Updates on changes to regulatory requirements relevant to the platform. |
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End-to-End Encryption Data is encrypted in transit and at rest using industry standards (e.g., AES-256). |
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Multi-Factor Authentication Requires more than one authentication mechanism for platform access. |
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IP Allowlisting Restricts platform access to predefined IP addresses. |
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Single Sign-On (SSO) Integration Supports SSO via SAML, OAuth, or other protocols. |
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Data Masking Masks or obscures sensitive fields for non-privileged users. |
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GDPR/CCPA Compliance Capable of supporting GDPR, CCPA, and other data privacy regulations. |
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User Session Timeout Automatically logs out inactive users after defined periods. |
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Activity Monitoring Tracks and analyzes user activity for unusual or suspicious behaviors. |
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Secure API Access APIs are secured with OAuth, API keys, or other strong authentication. |
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Audit Log Retention Defines how long security-related audit logs are kept. |
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Granular User Permissions Fine-tuned access privileges can be set for every user or role. |
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Data Residency Options Allows choice of geographic location for data storage. |
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Penetration Testing Frequency Number of penetration and vulnerability tests per year. |
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Secure Data Destruction Ensures compliant and auditable deletion of customer data when required. |
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Concurrent Users Supported Maximum simultaneous users supported without lag. |
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Data Processing Throughput Volume of data that can be processed in an hour. |
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Horizontal Scalability Platform can scale out by adding more servers or processing nodes. |
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Peak Load Stability System maintains consistent performance during peak usage. |
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Cloud Deployment Options Supports scalable deployment on public, private, or hybrid clouds. |
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Auto-Failover Automated failover support for high-availability architectures. |
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Scheduled Model Runs per Day Number of full-model runs that can be scheduled and completed within a day. |
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API Request Throughput API can handle a certain number of requests per second. |
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Data Storage Limit Maximum data storage capacity supported without upgrade. |
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Elastic Compute Resource Allocation Supports dynamic allocation of compute resources based on workload. |
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Zero Downtime Upgrades Can update or upgrade the platform without service interruption. |
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High-Availability SLA Guaranteed percentage uptime service level agreement. |
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Performance Monitoring Dashboard Real-time visualization of system performance and bottlenecks. |
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Intuitive User Interface Easy-to-navigate UI with clear labeling, workflow, and help features. |
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Guided Workflows Step-by-step wizards for common risk modeling tasks. |
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Role-Based Dashboards Customizable home dashboards based on user’s job function. |
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Real-Time Help and Tooltips Instant contextual help and documentation throughout the platform. |
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Training Materials Integrated platform tour, videos, and self-paced training resources. |
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Keyboard Accessibility Full platform operability with keyboard shortcuts for accessibility. |
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Multi-language Support Provides UI localization options in multiple languages. |
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Customizable Interface Themes Supports light/dark or corporate branding themes. |
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User Feedback Collection Built-in feature for users to submit feedback or feature requests. |
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Data Input Wizards Guided data entry with error prevention and auto-complete features. |
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Accessibility Standards Compliance Certified to WCAG or other accessibility standards. |
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Search and Filter Functionality Global and contextual search and filter features for data, models, and reports. |
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Saved User Preferences Platform saves user preferences for layout and workflow. |
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Open API REST or GraphQL API for integrating with other enterprise systems. |
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Webhooks Event-driven notifications to external systems or services. |
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Third-Party Plugin Support Ability to add external modules or plugins for new features. |
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SaaS/On-premises Options Available as both a cloud service and on-premise deployment. |
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Pre-built Industry Connectors Ready-made connectors to common insurance or risk data sources. |
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Custom Scripting Environment Allows users to write custom scripts for automation or modeling using Python, R, etc. |
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Single Sign-On Integration Can integrate with enterprise identity providers via SAML, OAuth, etc. |
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Event Log Streaming Streams platform events (e.g., model run completions) to external log management tools. |
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Data Export API Programmatic export of model outputs and reports. |
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Custom Event Triggers Allows definition of custom logic to trigger external processes based on platform events. |
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Sandbox Environment Dedicated sandbox for safe, isolated testing of integrations and model changes. |
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Integration Template Library Pre-built templates for integrating with popular third-party tools. |
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Versioned API API supports versioning to avoid breaking existing integrations. |
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24/7 Support Availability Round-the-clock support via helpdesk, chat, or phone. |
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Dedicated Account Manager Named support representative for enterprise customers. |
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Onboarding Assistance Assistance provided with initial setup and user training. |
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Knowledge Base Access Self-service portal offering documentation, FAQs, and best practices. |
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Modeling Consultation Services Expert services to support complex risk model creation or validation. |
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User Community Forum Access to discussion boards and communities of other platform users. |
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Service Level Agreement (SLA) Response Time Guaranteed initial response time for critical incidents. |
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Platform Health Status Portal Online dashboard showing real-time platform status and planned maintenance. |
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Regular Platform Updates Frequency of regular updates or new feature releases (e.g., monthly). |
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Incident Notification System Automated email/SMS notifications about major incidents or disruptions. |
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User Training Certification Official certification programs for trained users. |
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Multilingual Support Support team offers assistance in multiple languages. |
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Custom Enhancement Requests Ability to submit and track custom feature or integration requests. |
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Transparent Pricing Model Clear and upfront cost structure (e.g., per user, per model run, or flat fee). |
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Flexible Subscription Terms Various license and subscription term options (annual, monthly, on-demand). |
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Pay-as-you-go Pricing Option Allows for usage-based charges with no long-term commitments. |
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Cost Estimation Tool Online calculator to estimate costs based on anticipated usage or configuration. |
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No Hidden Fees Vendor guarantees that no undisclosed fees or surcharges will be applied. |
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Multi-Tier Licensing Offers various feature or capacity levels for different organization sizes. |
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Optional Support Packages Additional premium support offerings available at extra cost. |
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User License Cap Maximum number of active users allowed under standard license. |
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Free Trial Duration Length of time that full-feature trials are available. |
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Cancellation Terms Clarity Terms to terminate or downgrade service are clear and documented. |
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Upgrade/Downgrade Flexibility Can switch between license tiers as organization needs change. |
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Discounts for Multi-Year Agreements Reduced rates available for longer-term commitments. |
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Nonprofit/Educational Discounts Special pricing for nonprofit or academic organizations. |
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Machine Learning Model Support Ability to incorporate and run ML models for risk predictions. |
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Automated Data Preprocessing Data cleaning, normalization, and feature selection done with minimal manual intervention. |
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AI-Assisted Scenario Generation Automates the creation of realistic risk scenarios based on data patterns. |
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Model Calibration Automation Automatic tuning or calibration of model parameters to optimize accuracy. |
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Anomaly Detection AI-driven detection of unusual patterns or outlier risks in models or data. |
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Explainability Tools Provides explainable AI (XAI) for transparency in predictions and outputs. |
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Process Automation Automates recurring jobs such as regular model runs, reporting, and data updates. |
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AI Model Library Access to a library of pre-trained AI/ML models for insurance applications. |
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Natural Language Query Interface Users can ask questions in natural language for simple risk queries and reports. |
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Auto-Generated Insights Automated insight and summary generation from modeling results. |
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Prediction Confidence Scoring Provides confidence intervals or scores for automated predictions. |
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Bias Detection in Models Automatically checks for and flags bias in risk models. |
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Workflow Automation Builder Drag-and-drop tools for designing automated modeling and reporting workflows. |
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Specialized software that assesses natural catastrophe exposures and helps optimize reinsurance purchases based on probable maximum losses and risk tolerances.
More Catastrophe Risk Modeling for Reinsurance
More Reinsurance ...
Multi-peril Coverage Ability to model multiple types of natural catastrophes, including but not limited to hurricanes, earthquakes, and floods. |
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Geospatial Resolution Level of detail in spatial risk mapping (e.g., postcode, address-level resolution). |
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Building Vulnerability Curves Use of vulnerability functions to estimate damage as a function of hazard intensity. |
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Secondary Perils Modeling Support for emerging/secondary perils such as wildfire, hail, convective storms. |
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Exposure Data Enrichment Ability to enhance client portfolios with hazard zone overlays, construction details, and location attributes. |
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Climate Change Scenarios Option to model catastrophe risk under different climate change projections. |
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User-defined Hazard Scenarios Flexibility to create custom hazard scenarios (e.g., bespoke earthquake ruptures). |
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Event Set Size Number of simulated catastrophic events for probabilistic analysis. |
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Ground-up Loss Computation Calculation of gross (pre-insurance) losses at policy or portfolio level. |
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Site/Asset-level Analysis Ability to drill down to individual locations or assets in risk evaluation. |
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Hazard Map Visualization Interactive display of hazard intensity overlays on portfolio locations. |
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Exposure Aggregation Support for aggregation of exposures by region, peril, or client portfolios. |
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Automated Data Cleansing Built-in tools to validate and clean exposure data for modeling. |
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Probable Maximum Loss (PML) Support for calculation of PML at different return periods (e.g., 1-in-100 year event). |
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Average Annual Loss (AAL) Automated computation of the mean annualized loss across all modeled perils. |
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Loss Exceedance Curves Ability to generate exceedance probability distributions for loss benchmarking. |
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Insurance & Reinsurance Terms Modeling Modeling of contract terms such as limits, deductibles, sublimits, and layers. |
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Financial Structures Flexible module to replicate custom (e.g., multi-layer, quota share) reinsurance structures. |
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Correlation Across Perils/Regions Incorporation of peril or region-based correlation in calculations. |
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Cashflow Timing Modeling Ability to assess impact of loss payment timing on reinsurance recoveries and reserves. |
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Net vs. Gross Loss Analysis Comparison and breakdown of pre- and post-reinsurance losses. |
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Event Loss Tables Export Exportable event-by-event loss tables (ELTs) for reporting or further modeling. |
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Ceded/Retained Loss Output Breakdown of total loss between ceded and retained amount for all modeled events. |
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Currency Support Multi-currency modeling and loss reporting capabilities. |
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Tax & Expense Modeling Ability to factor in taxes, commissions, and other policy expenses in loss calculations. |
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Reinsurance Structure Comparison Automated comparison of multiple reinsurance structures (quota share, XL, aggregate) for efficiency. |
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Program Optimization Engine Tool for recommending optimal reinsurance levels and attachment points based on user objectives. |
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Capital Efficiency Metrics Calculation of metrics like risk transfer efficiency, cost of capital, or marginal benefit. |
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Sensitivity Testing Ability to test impact of varying contract or risk parameters on results. |
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Retrocession Modeling Support for modeling and optimization of retrocession purchase for reinsurers. |
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Layer Contribution Analysis Quantitative analysis of loss and capital contribution by layer. |
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Simulation Run Capacity Maximum number of reinsurance scenarios or simulations that can be processed per run. |
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Dynamic Pricing Tools Support for pricing reinsurance products dynamically as structures are adjusted. |
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Stochastic Analysis of Reinsurance Costs Simulation of cost variability under different catastrophe load assumptions. |
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Graphical Program Builder Drag-and-drop interface to set up and visualize reinsurance layers and contracts. |
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Portfolio Rebalancing Suggestions Recommendations for rebalancing reinsurance portfolio in light of risk changes. |
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Web-based Interface Availability of browser-based, device-agnostic access. |
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Dashboard Customization Users can personalize reporting dashboards and save layouts. |
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Multi-user Collaboration Support for concurrent users, document sharing, and change tracking. |
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API Access Availability of APIs for data pull/push and workflow automation. |
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Import/Export Options Support for multiple formats (Excel, CSV, Oasis, etc.) for exposures and results. |
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Single Sign-On (SSO) Integrates with enterprise identity systems for easy log-in. |
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Third-party Data Integration Easy connection to external hazard datasets, geocoding, or satellite data providers. |
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Batch Processing Ability to set up, run, and monitor multiple modeling tasks in parallel. |
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Audit Trail System tracks user actions for compliance and traceability. |
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Help & Training Resources Contextual help, tutorials, and knowledge bases. |
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Interactive Risk Maps Zoomable/clickable maps with summary stats and site-level detail. |
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Custom Report Builder Create, format, and export customized reports for stakeholders. |
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Regulatory Reporting Templates Pre-configured formats for Solvency II, Lloyd’s RDS, NAIC, etc. |
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Data Visualization Widgets Built-in scatterplots, bar charts, exceedance curve visualizations, and dashboards. |
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Export to PDF/Excel/Word Direct export of results and reports into common formats. |
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Scheduled Report Delivery Ability to automate distribution of regular updates. |
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Scenario Comparison Views Side-by-side visualization of risk scenarios and outcomes. |
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Custom Branding Add company logos and style to exported reports. |
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Drill-down Capabilities Users can navigate from high-level to detailed results with a click. |
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Attachment for Documentation Upload supporting documents to analysis/report output. |
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Processing Speed Average time to complete a modeling run on medium-sized portfolio. |
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Concurrent Job Capacity Number of catastrophe model runs supported in parallel. |
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Maximum Exposure Records Largest exposure dataset size supported per portfolio. |
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Auto-scaling Infrastructure Cloud-based elasticity for scaling compute power with demand. |
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Disaster Recovery Redundancy and disaster recovery measures for system resilience. |
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High Availability SLA Uptime guarantee for critical production systems. |
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Historical Job Logs Access to archived job/output logs for audit and reruns. |
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Data Compression Support for compressing datasets and results for efficient storage. |
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End-to-end Encryption Data is encrypted both in-transit and at-rest. |
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Role-based Access Control Restricts user/system access by policy or department. |
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Multi-factor Authentication Requires multiple authentication methods for user login. |
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GDPR/CCPA Compliance Adherence to international privacy regulations. |
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Audit Logs Comprehensive tracking of user actions and data access. |
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Client Data Segregation Logical or physical segregation of client datasets. |
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Penetration Testing Regular vulnerability assessment and ethical hacking tests. |
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Data Retention Policy Controls Configurable data retention, archival, and deletion settings. |
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Incident Response Plan Predefined process for handling security breaches. |
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Model Documentation Access Full model methodology and assumptions documentation provided. |
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Open Model Inputs Ability for clients to review and in some cases adjust model input parameters. |
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Version Control Tracking changes and allowing rollback for model, data, and output versions. |
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Peer Review Tools Support for independent review and annotation of model results. |
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User-defined Validation Tests Ability to run custom tests to validate outputs against known benchmarks. |
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Model Sensitivity Reporting Automated quantification of model and parameter uncertainty. |
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Audit Trail for Models Detailed logs of model changes, runs, and result comparisons. |
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Automated Model Updates Push/pull based updating of hazard and financial models without manual install. |
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Changelog Distribution Transparent distribution of model release notes and update impacts. |
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Backward Compatibility Ability to re-run old portfolios in previous model versions. |
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User Notification of Updates Automated alerts and digest announcements of new releases. |
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Support for Historical Model Versions Ability to preserve and sandbox old model/data versions for regulatory reviews. |
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Technical Support Coverage Availability of support team during business hours (and optionally 24/7). |
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Onboarding Assistance Guided onboarding program for new clients and users. |
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Training Sessions Regular live/online training, webinars, and best practice workshops. |
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Client Community Access Forums, events, and user groups for sharing knowledge and advice. |
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Service Level Agreement (SLA) Formal SLAs for support response times and updates. |
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Premium Support Option Higher-tier support plans for critical clients. |
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Dedicated Account Manager Assigned point of contact for strategic engagement. |
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Flexible Licensing Models Annual, usage-based, enterprise, or modular license options. |
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Pay-as-you-go Option Supports pay-per-use with no long-term contract. |
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Free Trial or Sandbox Limited access trial for proof-of-concept or evaluation. |
. | No information available |
Transparent Pricing Clear, predictable fee structures without hidden charges. |
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Bundled Model Updates Model/feature updates included in standard license. |
. | No information available |
Usage Tracking Tools Dashboards and reporting for monitoring software/data usage. |
. | No information available |
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