CATRADER
® is designed to
enable reinsurers, primary insurers and financial
intermediaries to perform a comprehensive evaluation of their risk transfer
strategies.
Used both to analyze traditional reinsurance treaties and to model complex contracts by specifying loss triggers, geographic areas,
event parameters and contract
duration, CATRADER is the ideal tool for assessing all types of
risk transfer alternatives.
CATRADER, like all AIR software systems, is supported by the
scientifically advanced catastrophe modeling technology that has made
AIR synonymous with technological leadership.
CATRADER provides users the following valuable functions:
- Estimates full probabilistic loss distributions for all
treaty and contract types
- Estimates treaty, contract, and portfolio losses based on a
fully robust, comprehensive catalog of events
- Estimates losses on a gross and net basis and accounts for proportional and
non-proportional retrocessional contracts
- Enables the analysis of multiple levels of inuring contracts in the order
specified by the user
- Efficiently calculates the marginal impact of a contract or treaty on an existing
or reference portfolio
- Provides detailed output of loss by simulated event, including event
description, facilitating the structure and analysis of risk transfer transactions based on event parameters
For the reinsurer, CATRADER also:
- Provides the ability to structure and price live catastrophe
contracts for pre-landfalling tropical cyclones
- Enables the definition of geographical zones down to the sub-area
(i.e., county) level, facilitating zonal analysis per treaty
type
For insurance companies, CATRADER also:
- Supports evaluation of catastrophe management strategies for
the
company as a whole and for different divisions within the company
- Estimates market penetration rates
- Analyzes comparative growth and divestiture strategies
- Evaluates incremental catastrophe loss potential resulting
from potential mergers and acquisitions
- Performs peer company
analysis
- Enables the analysis of basis risk
For financial intermediaries and investors, CATRADER also:
- Provides the ability to structure and evaluate securitized
transactions such as catastrophe bonds
- Provides the ability to structure industry loss and
parametric index-based products
- Enables analysis of seasonal contracts
- Quantifies correlation of risk between contracts
- Enables testing of strategies for portfolio optimization
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 CATRADER and other
applications, such as Microsoft®Excel,
using CATRADER'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 several types of perils can be downloaded from AIR's
ALERT™ website in real time; in the case of hurricanes and
typhoons, event sets for modeled countries are available up to 48 hours
before projected landfall
- 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 for reinsurers evaluating standard treaty structures with the benefit of the
best associated loss data, or financial intermediaries providing risk transfer advice
to clients, or insurance companies looking to leverage their CLFs
for maximum strategic impact...
...CATRADER is the clear and unparalleled choice.
