Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
HurLoss represents ARA's advanced hurricane catastrophe model tailored for property insurers, reinsurers, brokers, and ILS managers to adeptly navigate risks in regions susceptible to hurricanes. Since its inception in 1998, HurLoss has served as the cornerstone for structural engineering standards in hurricane-affected states and has been integral to federal emergency management and mitigation strategies across the nation since 2003. The model provides a comprehensive event set that spans the entire North Atlantic basin, covering areas such as the U.S., the Caribbean, Bermuda, and portions of Canada, Mexico, and Central America. What sets HurLoss apart is its physics-driven approach to hurricane hazard modeling combined with engineering load and resistance analysis, grounded in fundamental principles and corroborated by claims data. Additionally, the model incorporates projections related to future climate conditions, enabling users to evaluate risks using both current and anticipated climatological data, including variables such as sea surface temperature and wind shear. This forward-thinking approach ensures that stakeholders are equipped with the most relevant information to make informed decisions regarding their hurricane risk management strategies.
Description
In order to enhance underwriting, risk transfer, and pricing strategies in a market that is increasingly complex, (re)insurers require advanced modeling software that provides quicker analytics, enriched insights, and streamlined workflows. Establishing Risk Modeler™ as the core of your integrated risk lifecycle offers this crucial advantage. With improved modeling transparency, flexibility, and customization, you can gain a better understanding of risk drivers. By incorporating third-party modeling, you can lower expense ratios, boost productivity, and refine risk insights. Additionally, the cloud-native architecture facilitates the development of innovative digital workflows that adapt to changing business needs. Risk Modeler boasts the capability to execute over 400 Moody’s RMS models, along with more than 300 models accessible through the Nasdaq platform, covering various regions, perils, and lines of business on a unified cloud infrastructure. This powerful tool positions (re)insurers to not only meet but exceed the demands of a dynamic market landscape.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
ARA
Founded
1998
Country
United States
Website
www.ara.com/hurloss/
Vendor Details
Company Name
Moody's Corporation
Founded
1909
Country
United States
Website
www.moodys.com/web/en/us/who-we-serve/insurance/intelligent-risk-platform/risk-modeler.html
Product Features
Product Features
Financial Risk Management
Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation