New York--The Catastrophe Risk Exchange International, Inc. (CATEX) announced today that it has completed delivery of a Web based Property Aggregate Monitoring System to facilitate the underwriting of facultative property business by the reinsurer QBE Reinsurance Corporation (QBE).
The system was delivered earlier this year and has undergone testing and function review by QBE. The CATEX developed system permits QBE to retire a non-Web-based system and increase system performance level to better serve its facultative reinsurance underwriters. The new system permits capture of unlimited individual location data per risk while allowing users to review "real time" information and data modeling exports.
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