Oakland, Calif. - Canadian-based Commonwealth Insurance Co. will use an enterprise platform and XML interface technology from EQECAT Inc., Oakland, Calif., to create an integrated catastrophe management system, the companies report. EQECAT is a provider of analysis tools and methodologies that quantify insurers' and major corporations' exposure to natural and man-made catastrophic risk.
"To give our underwriters the most up-to-date technology in selecting the appropriate risk and delivering superior service to clients, we sought an efficient automation process that quickly organizes certain tasks for CAT modeling efforts," said Bruce Gregg, chief information officer, Commonwealth Insurance.
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