CATMAP
®/2 enables reinsurance underwriters to estimate the
potential losses (including average annual losses, probable maximum
losses and complete exceedance probability, or EP, curves) for specific reinsurance
treaties and for portfolios of treaties. It provides individual
occurrence as well as annual aggregate loss information used in areas of pricing, underwriting,
retrocession decision-making, and overall portfolio management.
CATMAP/2, like all AIR software systems, is supported by the scientifically
advanced catastrophe modeling technology that has made
AIR synonymous with technological leadership.
CATMAP/2 provides the following valuable functions:
- Estimates probabilistic loss distributions for all treaty types
- Estimates losses to individual treaties and total portfolios
of treaties based on a catalog of events that is designed for efficient
analysis
- Calculates the marginal impact of a treaty on an existing or
reference portfolio
- Enables the analysis of multiple levels of inuring treaties in the order
specified by the user
- Enables the definition of geographical zones down to the sub-area
(i.e., county) level, facilitating zonal analysis per treaty
type
- Estimates losses on a gross and net basis and accounts for proportional and non-proportional retrocessional contracts
Other significant features include:
Flexible Data Input
- Direct import of a ceding insurer's sums insured, number of risks, and/or premium
for over 30 modeled countries using UNICEDE® or
UNICEDE®/2, the industry standard
aggregated exposure file formats developed by AIR
- Direct import of Company Loss Files (CLF™s) that result
from detailed risk analyses performed in CLASIC/1 or CLASIC/2
using
geocoded or
postal code exposure information and insured values by coverage, construction, occupancy,
as well as detailed policy conditions such as deductibles,
attachment points, and inuring risk reinsurances
- Interactive data entry enables either on-screen entry or the easy transfer of data between CATMAP/2 and other
applications, such as Microsoft®Excel,
using CATMAP/2's full cut/copy and paste features
Industry Exposure and Loss Databases
- Includes total industry property values by line of business, by
peril and sub-area
- Provides industry loss distributions for each peril by
country, area, or subarea
- Enables fast comparisons of ceding company market shares, by area
(e.g., state) or sub-area (e.g., county), for all types of
exposure, including sums insured, number of risks, and
premiums
- Ensures that user-specified market shares for a company can be applied to estimate losses
reliably even when no company-specific data is
available
- Enables transparent analysis of industry loss triggers
Mapping Utility Provides Efficient View of Exposures and Loss
- Built-in mapping and charting capabilities enables the user to quickly and easily visualize premiums, sums insured, number of risks, market shares and
losses (no separate modules are needed)
- Unique built-in peril viewer enables the user to view specific events such as hurricanes and earthquakes without
exiting the
software
Real-time Loss Estimation Capabilities
- Probabilistic event sets for events in progress can be downloaded from AIR's
ALERT™ website within hours of the event
- Portfolio analysis can be performed based on these event sets to determine a
company's loss potential using actual exposures and the most current
information about the event
Whether assessing the loss potential from a single treaty or
a global portfolio of treaties, CATMAP/2 is the clear choice for
reinsurers desiring the optimal balance between reliability and
efficiency.
