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An open loss modeling platform that provides detailed catastrophe risk analytics for hurricane, earthquake, flood, wildfire, severe convective storm, and winter storm. Offers high-resolution modeling capabilities and real-time event tracking to support underwriting and portfolio management.
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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). |
RiskInsight supports multi-source data import based on marketing materials indicating it can process data from multiple formats and exposure sources including spreadsheets and databases. | |
Real-time Data Sync Capacity to synchronize and update data feeds in real-time (e.g., exposure databases, hazard maps). |
Product offers real-time event tracking and monitoring, so real-time data synchronization is implied as part of event response workflows. | |
Batch Data Processing Support for importing and processing large datasets in batch mode. |
The ability to process large, high-resolution datasets for catastrophe modeling indicates batch data processing capability. | |
Data Quality Checks Automatic validation and cleansing of input data for errors or inconsistencies. |
Marketing materials mention data validation and cleansing routines for quality assurance. | |
Geocoding Capability Transforms address data into precise latitude/longitude for hazard analysis. |
Includes geocoding for address-level risk analysis as noted in platform features. | |
Data Enrichment Augments existing exposure data with third-party or proprietary datasets. |
Describes combining internal and external datasets for enhanced analytics, defining data enrichment. | |
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. |
Platform claims automatic schema mapping for exposures imported into catastrophe models. | |
Data Versioning Tracks changes and maintains versions of data imports. |
Provides data versioning for tracking changes to imported data according to documentation references. |
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. |
RiskInsight allows uploading custom hazard maps; supported for tailored analytics. | |
Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios. |
Scenario event simulation is a core part of catastrophe modeling and stated in feature set. | |
Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis. |
Stochastic event modeling and probabilistic risk analysis are standard and mentioned. | |
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. |
Product literature makes reference to climate risk and climate change projection adjustments. | |
Secondary Peril Support Ability to model losses from secondary perils (e.g., hail, landslide, tsunami). |
Secondary perils like hail and wildfire are specifically listed as supported model perils. | |
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). |
Supports modeling peril correlations (e.g., hurricane and flood) as per documentation. |
Exposure Data Visualization Displays exposures on interactive maps/charts. |
Exposures can be visualized on interactive maps and dashboards, which are highlighted in the product's sales materials. | |
Portfolio Aggregation Aggregates exposures across multiple books of business. |
Portfolio aggregation across books of business is frequently referenced as a portfolio management function. | |
Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics. |
Reports and dashboards show concentration and diversification, meeting feature requirements. | |
Real-time Portfolio Monitoring Updates aggregate risk metrics as exposures are changed or added. |
Describes real-time portfolio monitoring as part of interactive platform functionality. | |
Exposure Data Export Can export exposure and risk results to various formats. |
RiskInsight enables export of exposure and risk data to different formats as noted in product factsheets. | |
Exposure Limit Enforcement Automated checks to ensure exposures do not exceed predefined limits. |
Limit enforcement features are noted in documentation for underwriting compliance. | |
Geospatial Filtering Filter and segment portfolios based on geospatial criteria. |
Geospatial filtering capabilities are discussed in product visualization materials. | |
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. |
Tracks exposure data changes—a feature described in data governance and audit documentation. | |
Deductible and Policy Limit Modeling Supports detailed policy terms for accurate loss modeling. |
Deductible and policy limit modeling is mentioned with examples in product guides. |
Gross and Net Loss Calculation Calculates expected gross and net losses for different coverage terms and layers. |
Loss calculations feature in standard platform outputs and are frequently cited by users. | |
Exceedance Probability Curves Generates loss exceedance probability curves (e.g., OEP, AEP). |
Exceedance probability curves (OEP, AEP) are shown as standard outputs in brochures. | |
Return Period Calculation Computes losses for different return periods (e.g., 1-in-100 year loss). |
Return period (e.g., 1-in-100 year loss) calculations are part of the risk analytics suite. | |
Correlation with Financial Instruments Ability to analyze risk correlation with cat bonds or reinsurance layers. |
No information available | |
Custom Financial Structure Modeling Supports modeling of complex insurance and reinsurance structures. |
Complex financial structures, including reinsurance, are modelable per marketing materials. | |
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. |
Dashboards summarize key loss statistics, according to both customer feedback and feature lists. | |
Customizable Output Reports Ability to design customized financial output reports. |
Output reports are customizable by the user, as described in documentation. | |
Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF). |
Downloadable loss tables in multiple formats are supported. | |
Sensitivity Analysis Run what-if or scenario-based financial impact analyses. |
Supports scenario-based/sensitivity analysis as part of custom event simulation. |
Web-based Interface Accessible via common web browsers without local installation. |
RiskInsight is web-based, supporting access via browser without installation. | |
Role-based Access Control Assign and manage user roles and permissions. |
Allows assignment of user roles and permissions to manage access. | |
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. |
Guided workflows for model setup and execution are part of the system's usability design. | |
Customizable Dashboards Personalize dashboards and widgets for different users/roles. |
Dashboards are customizable by user and role, as described in product customization features. | |
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. |
Online help, guides, and tutorials are highlighted as available from within the application. | |
API Documentation Availability Comprehensive, online documentation for system APIs. |
API documentation is available online for RiskInsight clients. |
Interactive Maps Geospatial visualization of exposures, hazards, and losses. |
Interactive maps are a major feature called out in the marketing literature. | |
Custom Report Builder Users can design and generate custom reports. |
Supports custom report building as described in reporting features. | |
Scheduled Reporting Automated generation and delivery of reports on schedule. |
Enables automated report generation and delivery for portfolios/events. | |
Export to Multiple Formats Ability to export visualizations and reports to PDF, Excel, image formats. |
Reports and visualizations can be exported to Excel, PDF, and image formats. | |
Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results. |
Dashboards are dynamic, updating KPI metrics in near real time. | |
Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses. |
Layered heat map visualizations are available for exposures and hazards. | |
Portfolio Comparison Charts Compare risk metrics and losses across multiple portfolios. |
Portfolio comparison charts are shown in demo videos and user case studies. | |
Event Animation Animated visualization of catastrophe event paths and impacts. |
Event animation features are referenced for catastrophe event visualizations. | |
Report Customization Options Number of customizable parameters for reports. |
No information available | |
Print-optimized Outputs Reports and charts optimized for printing and physical sharing. |
Print-optimized outputs are discussed as part of standard reporting capabilities. |
Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies. |
Model assumptions and methodologies are documented and available to users. | |
Model Validation Tools Built-in tools for validating model outputs against historical data or benchmarks. |
Model validation tools for benchmarking and backtesting are available. | |
Validation Report Generation Automated generation of validation/benchmarking reports. |
Can generate validation and benchmarking reports as part of audit processes. | |
Audit Trail Comprehensive logs tracking model inputs, changes, and user actions. |
Comprehensive audit trails for data and model changes are listed in security features. | |
Regulatory Compliance Support Features to ensure outputs and methodologies are compliant with major insurance regulations. |
Marketing and compliance documentation describes regulatory compliance support, e.g., Solvency II. | |
User Model Overrides Ability for users to override and document model settings for special cases. |
User model overrides for special cases are described in technical support guides. | |
Peer Review Workflow Support for collaborative review and approval of model results. |
No information available | |
Custom Model Benchmarking Ability to benchmark results with third-party or custom models. |
Platform supports benchmarking against third-party model outputs for peer review. | |
Transparency of Data Sources Lists all data sources, their provenance and date last updated. |
Documentation of all data sources and provenance is available to users. | |
Model Version Control Tracks and manages model updates, releases and changes. |
Model release notes and change history are maintained for version control. |
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. |
High-performance computing and batch analytics features cite parallel processing utilization. | |
Cloud-based Scalability Dynamically scales compute resources in the cloud. |
Cloud deployment and dynamic scaling are promoted as part of the SaaS platform options. | |
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. |
No information available | |
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. |
No information available |
REST API Availability Comprehensive REST API for programmatic access to all major functions. |
REST API for exposure import/export and model runs is referenced in API documentation. | |
Event-driven Webhooks Support for triggering external actions on data/modeling events. |
No information available | |
Custom Plug-in Support Framework for integrating custom models, scripts or plug-ins. |
No information available | |
SSO Integration Integration with existing Identity and Access Management (IAM) systems. |
SSO integration is mentioned as available for enterprise clients. | |
Data Export API API end-points for exporting results and data to third-party systems. |
Data can be exported by API for integration with third-party systems. | |
ERP and Policy Admin Integration Pre-built connectors to major insurance admin or ERP systems. |
ERP and policy admin integrations are offered, according to technical documentation. | |
Custom Workflow Integration Ability to trigger or integrate with custom workflows via API. |
No information available | |
Third-party Data Provider Support Integration with external data providers (e.g., hazard, satellite imagery). |
Maintains support for third-party hazard and imagery data providers. | |
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. |
Data is encrypted both in transit and at rest as specified on security pages. | |
Role-based Access Management Granular access control at user, group, and data level. |
Role-based access management is available at the platform, user, and data level. | |
Audit Logging Comprehensive, immutable logs of user actions and changes. |
Comprehensive audit logs are maintained for compliance and review purposes. | |
GDPR Compliance Meets requirements for data protection per GDPR. |
GDPR compliance is stated on company compliance and privacy policy pages. | |
Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery. |
Disaster recovery protocols are part of the platform's technical reliability claims. | |
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 as an option for clients. | |
Data Retention Policy Configurability Ability to configure and enforce data retention schedules. |
No information available | |
Secure API Gateway API endpoints protected by a secure, monitored gateway. |
No information available | |
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 technical support is offered according to customer support resources. | |
Dedicated Implementation Manager Assigned project manager during onboarding/deployment. |
An implementation manager is assigned for new client onboarding/deployment. | |
Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules). |
Training is available onsite, remotely, and online. | |
Knowledge Base Access Comprehensive online knowledge base and user guides. |
Comprehensive knowledge base and guides available online for users. | |
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. |
User community/forums available for client support and networking. | |
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 client training programs are available as a paid service. | |
Service Level Agreement (SLA) Documented, enforceable uptime and support SLAs. |
Service level agreements (SLA) are referenced in vendor-client documentation. | |
Proven Market Longevity Number of years the vendor has reliably supported the product. |
No information available |
Specialized software that assesses natural catastrophe exposures and helps optimize reinsurance purchases based on probable maximum losses and risk tolerances.
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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. |
. | No information available |
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. |
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Transparent Pricing Clear, predictable fee structures without hidden charges. |
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Bundled Model Updates Model/feature updates included in standard license. |
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Usage Tracking Tools Dashboards and reporting for monitoring software/data usage. |
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