EQECAT, a catastrophe modeling firm, and its consulting services group, have announced new catastrophe risk consulting services for the reinsurance, financial and corporate markets.
Through its new U.S. Flood Portfolio Analysis, EQECAT’s consulting services group provides flood risk analysis for the United States at the site and portfolio levels based upon the latest flood modeling methodologies. Another new offering, Mortgage Impairment Risk Analysis, provides residential mortgage lenders and investors in mortgaged assets with insight into the probability of mortgage default based on the occurrence of natural catastrophe losses.
EQECAT also has added consulting services designed to allow clients to maximize the value of their catastrophe modeling investment. These consulting services include Model Blending, Integration Services and Turn-key Solutions. Model Blending is designed to combine different views of risk for the same set of peril/exposure (typically from different vendor cat models) or combine different modeled views of risk from independent perils. Integration Services support the integration of the RQE (Risk Quantification & Engineering) catastrophe modeling platform within a client’s business environment, and Turn-key Solutions enables licensees to fully utilize EQECAT models and platforms immediately upon installation or upgrade, according to the company.
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