The Loss Analysis Module allows you to…
Access the Power of AIR’s Industry Leading Catastrophe Models
The CATStation Loss Analysis Module provides fully probabilistic loss estimation for individual policies. Loss estimates include a full probability distribution of losses, including average annual expected loss and probable maximum loss (PML) from catastrophe events. This ensures that underwriters are pricing with full knowledge of the effects of major loss events. This improves profitability through:
- Better decisions on risk selection
- Improved pricing
- Underwriting terms that accurately reflect the risk
- Risk transfer alternatives such as facultative reinsurance
- Identification of high risk locations within a policy
CATStation extends the power of catastrophe modeling to the underwriter as decisions are being made on individual policies, thereby improving the profitability of your business.
Highlights of CATStation’s Loss Analysis Module:
- Available for earthquake, hurricane, severe thunderstorm and terrorism
- Available for multiple lines of business including property, workers’ compensation and life
- Losses are reported on an annual aggregate and occurrence basis
- Calculates ground-up, net and gross losses by event
- Evaluates loss mitigation strategies and enables “what-if” analyses for individual risks through the application of a robust engineering module that incorporates detailed information about the structural characteristics of individual risks
Integrate with Corporate Portfolio Analysis
CATStation seamlessly integrates with AIR’s CLASIC/2™ software, a robust desktop catastrophe management system for advanced portfolio loss analysis. Since CATStation is a browser based solution, underwriters anywhere in the organization can enter policies and run catastrophe loss analyses, and the information is incorporated immediately into the corporate portfolio database. Portfolio risk managers can then use CLASIC/2 to analyze the entire portfolio. Together, CATStation and CLASIC/2 provide a complete catastrophe risk management system.
Exposure Concentration Analysis Module
Hazard Analysis Module
