Boston-based catastrophe risk modeling firm AIR Worldwide (AIR) released updates to its CATRADER and CLASIC/2 catastrophe risk management systems this week. The Version 11.5 releases include a number of significant software enhancements that will enable insurers, reinsurers and investors in insurance-linked securities (ILS) to streamline catastrophe risk analysis, portfolio management and reporting. "One of the most significant enhancements to CATRADER, the industry-standard application for analyzing reinsurance contracts and insurance-linked securities, is an improved portfolio management module that will enable risk managers and investors to assess their portfolio risk much more efficiently," said Uday Virkud, P.E., EVP at AIR Worldwide. "Now, investors and reinsurers can more easily assess the impact of new investments or contracts on their existing portfolios to maximize return on investment." CATRADER Version 11.5 allows companies to manage multiple portfolios that have a variety of reinsurance contracts, ILS, sidecars and private placements. Increased flexibility to review the marginal impact of a potential transaction in real time enables risk managers and investors to dynamically examine different risk management strategies.
The new CATRADER release also provides an improved approach for analyzing reinsurance contracts and insurance-linked securities whose terms span multiple years, allowing for better control of risk over time.
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