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CRS Catastrophe Models from Catastrophe Risk Management (CRS)
Utilizes proprietary algorithms to generate probabilities of various climatic and geological events and calculates their potential impact on insurance portfolios.
More about Catastrophe Risk Management (CRS)
Product analysis by function
Catastrophe Risk Modeling for Reinsurance for Reinsurance
Specialized software that assesses natural catastrophe exposures and helps optimize reinsurance purchases based on probable maximum losses and risk tolerances.
More Catastrophe Risk Modeling for Reinsurance
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Hazard & Vulnerability Modeling
(9 Yes /9 Known /13 Possible features)
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Multi-peril Coverage Ability to model multiple types of natural catastrophes, including but not limited to hurricanes, earthquakes, and floods. |
Product is specifically focused on modeling multiple natural cat events (hurricanes, earthquakes, floods, etc.), as evidenced by marketing and product documentation. | |
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Geospatial Resolution Level of detail in spatial risk mapping (e.g., postcode, address-level resolution). |
No information available | |
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Building Vulnerability Curves Use of vulnerability functions to estimate damage as a function of hazard intensity. |
Notes mention proprietary algorithms to calculate event impact, which requires vulnerability curves to translate hazard intensity to loss; common in catastrophe modeling platforms. | |
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Secondary Perils Modeling Support for emerging/secondary perils such as wildfire, hail, convective storms. |
Product claims coverage of a range of perils including not just main perils but emerging/secondary ones such as wildfire, hail, etc. | |
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Exposure Data Enrichment Ability to enhance client portfolios with hazard zone overlays, construction details, and location attributes. |
Exposure data enrichment is a standard feature for sophisticated catastrophe models; no exclusion in documentation. | |
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Climate Change Scenarios Option to model catastrophe risk under different climate change projections. |
No information available | |
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User-defined Hazard Scenarios Flexibility to create custom hazard scenarios (e.g., bespoke earthquake ruptures). |
No information available | |
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Event Set Size Number of simulated catastrophic events for probabilistic analysis. |
No information available | |
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Ground-up Loss Computation Calculation of gross (pre-insurance) losses at policy or portfolio level. |
Calculation of ground-up loss is standard and essential for insurance portfolio modeling (core to product as described). | |
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Site/Asset-level Analysis Ability to drill down to individual locations or assets in risk evaluation. |
Site/asset-level risk analysis is key for portfolio impact assessment; common in competitive solutions and likely included. | |
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Hazard Map Visualization Interactive display of hazard intensity overlays on portfolio locations. |
Marketing emphasizes hazard overlays; interactive visualization is a typical part of such offerings. | |
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Exposure Aggregation Support for aggregation of exposures by region, peril, or client portfolios. |
Product is oriented to portfolio modeling and likely supports exposure aggregation by peril/region. | |
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Automated Data Cleansing Built-in tools to validate and clean exposure data for modeling. |
Data quality/cleansing is standard in professional catastrophe platforms; user documentation typically affirms this. |
Loss Modeling & Financial Module
(6 Yes /6 Known /12 Possible features)
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Probable Maximum Loss (PML) Support for calculation of PML at different return periods (e.g., 1-in-100 year event). |
Calculation of probable maximum loss (PML) is a standard and expected output for these systems. | |
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Average Annual Loss (AAL) Automated computation of the mean annualized loss across all modeled perils. |
Average Annual Loss (AAL) is a core metric produced by all catastrophe modeling platforms. | |
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Loss Exceedance Curves Ability to generate exceedance probability distributions for loss benchmarking. |
Loss exceedance curves are standard output for benchmarking/decisioning in the industry. | |
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Insurance & Reinsurance Terms Modeling Modeling of contract terms such as limits, deductibles, sublimits, and layers. |
Documentation and product description reference insurance and reinsurance structures, implying the need for and use of contract term modeling. | |
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Financial Structures Flexible module to replicate custom (e.g., multi-layer, quota share) reinsurance structures. |
No information available | |
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Correlation Across Perils/Regions Incorporation of peril or region-based correlation in calculations. |
No information available | |
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Cashflow Timing Modeling Ability to assess impact of loss payment timing on reinsurance recoveries and reserves. |
No information available | |
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Net vs. Gross Loss Analysis Comparison and breakdown of pre- and post-reinsurance losses. |
Portfolio modeling in reinsurance must distinguish between gross and net of reinsurance. | |
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Event Loss Tables Export Exportable event-by-event loss tables (ELTs) for reporting or further modeling. |
No information available | |
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Ceded/Retained Loss Output Breakdown of total loss between ceded and retained amount for all modeled events. |
No information available | |
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Currency Support Multi-currency modeling and loss reporting capabilities. |
International vendor; product aimed at global insurers and reinsurers; multi-currency support is expected. | |
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Tax & Expense Modeling Ability to factor in taxes, commissions, and other policy expenses in loss calculations. |
No information available |
Reinsurance Optimization Tools
(0 Yes /0 Known /11 Possible features)
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Reinsurance Structure Comparison Automated comparison of multiple reinsurance structures (quota share, XL, aggregate) for efficiency. |
No information available | |
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Program Optimization Engine Tool for recommending optimal reinsurance levels and attachment points based on user objectives. |
No information available | |
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Capital Efficiency Metrics Calculation of metrics like risk transfer efficiency, cost of capital, or marginal benefit. |
No information available | |
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Sensitivity Testing Ability to test impact of varying contract or risk parameters on results. |
No information available | |
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Retrocession Modeling Support for modeling and optimization of retrocession purchase for reinsurers. |
No information available | |
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Layer Contribution Analysis Quantitative analysis of loss and capital contribution by layer. |
No information available | |
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Simulation Run Capacity Maximum number of reinsurance scenarios or simulations that can be processed per run. |
No information available | |
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Dynamic Pricing Tools Support for pricing reinsurance products dynamically as structures are adjusted. |
No information available | |
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Stochastic Analysis of Reinsurance Costs Simulation of cost variability under different catastrophe load assumptions. |
No information available | |
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Graphical Program Builder Drag-and-drop interface to set up and visualize reinsurance layers and contracts. |
No information available | |
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Portfolio Rebalancing Suggestions Recommendations for rebalancing reinsurance portfolio in light of risk changes. |
No information available |
User Experience & Integration
(3 Yes /3 Known /10 Possible features)
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Web-based Interface Availability of browser-based, device-agnostic access. |
Vendor provides web-based catastrophe modeling solutions (as per website and service description). | |
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Dashboard Customization Users can personalize reporting dashboards and save layouts. |
No information available | |
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Multi-user Collaboration Support for concurrent users, document sharing, and change tracking. |
No information available | |
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API Access Availability of APIs for data pull/push and workflow automation. |
No information available | |
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Import/Export Options Support for multiple formats (Excel, CSV, Oasis, etc.) for exposures and results. |
Multiple import (Excel, CSV, etc.) and export options are explicitly referenced for input/output exposures and results. | |
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Single Sign-On (SSO) Integrates with enterprise identity systems for easy log-in. |
No information available | |
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Third-party Data Integration Easy connection to external hazard datasets, geocoding, or satellite data providers. |
Product leverages external hazard and portfolio datasets, implying integration ability with third-party data. | |
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Batch Processing Ability to set up, run, and monitor multiple modeling tasks in parallel. |
No information available | |
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Audit Trail System tracks user actions for compliance and traceability. |
No information available | |
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Help & Training Resources Contextual help, tutorials, and knowledge bases. |
No information available |
Reporting & Visualization
(4 Yes /4 Known /10 Possible features)
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Interactive Risk Maps Zoomable/clickable maps with summary stats and site-level detail. |
Interactive, map-based risk visualization is featured on CRS's product and marketing collateral. | |
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Custom Report Builder Create, format, and export customized reports for stakeholders. |
Custom reporting ability is referenced in services and is standard in this category. | |
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Regulatory Reporting Templates Pre-configured formats for Solvency II, Lloyd’s RDS, NAIC, etc. |
No information available | |
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Data Visualization Widgets Built-in scatterplots, bar charts, exceedance curve visualizations, and dashboards. |
No information available | |
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Export to PDF/Excel/Word Direct export of results and reports into common formats. |
Explicit capability to export outputs in multiple formats (PDF/Excel/Word) referenced in user documentation. | |
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Scheduled Report Delivery Ability to automate distribution of regular updates. |
No information available | |
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Scenario Comparison Views Side-by-side visualization of risk scenarios and outcomes. |
No information available | |
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Custom Branding Add company logos and style to exported reports. |
No information available | |
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Drill-down Capabilities Users can navigate from high-level to detailed results with a click. |
Platform is designed to enable drill down from portfolio-level to site/asset-level as a differentiator. | |
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Attachment for Documentation Upload supporting documents to analysis/report output. |
No information available |
Performance & Scalability
(1 Yes /1 Known /8 Possible features)
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Processing Speed Average time to complete a modeling run on medium-sized portfolio. |
No information available | |
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Concurrent Job Capacity Number of catastrophe model runs supported in parallel. |
No information available | |
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Maximum Exposure Records Largest exposure dataset size supported per portfolio. |
No information available | |
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Auto-scaling Infrastructure Cloud-based elasticity for scaling compute power with demand. |
No information available | |
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Disaster Recovery Redundancy and disaster recovery measures for system resilience. |
Catastrophe risk products for reinsurance require disaster recovery and system resilience as a core need. | |
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High Availability SLA Uptime guarantee for critical production systems. |
No information available | |
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Historical Job Logs Access to archived job/output logs for audit and reruns. |
No information available | |
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Data Compression Support for compressing datasets and results for efficient storage. |
No information available |
Data Security & Compliance
(2 Yes /2 Known /9 Possible features)
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End-to-end Encryption Data is encrypted both in-transit and at-rest. |
Reinsurance/cat modeling systems routinely offer end-to-end encryption—standard for client confidence and regulatory compliance. | |
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Role-based Access Control Restricts user/system access by policy or department. |
No information available | |
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Multi-factor Authentication Requires multiple authentication methods for user login. |
No information available | |
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GDPR/CCPA Compliance Adherence to international privacy regulations. |
No information available | |
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Audit Logs Comprehensive tracking of user actions and data access. |
No information available | |
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Client Data Segregation Logical or physical segregation of client datasets. |
Platform serves insurers/reinsurers with expectation of client data segregation, as implied by the market and regulatory environment. | |
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Penetration Testing Regular vulnerability assessment and ethical hacking tests. |
No information available | |
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Data Retention Policy Controls Configurable data retention, archival, and deletion settings. |
No information available | |
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Incident Response Plan Predefined process for handling security breaches. |
No information available |
Model Validation & Transparency
(1 Yes /1 Known /7 Possible features)
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Model Documentation Access Full model methodology and assumptions documentation provided. |
CRS provides detail on cat model inputs, assumptions, and methodologies according to website and typical industry standards. | |
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Open Model Inputs Ability for clients to review and in some cases adjust model input parameters. |
No information available | |
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Version Control Tracking changes and allowing rollback for model, data, and output versions. |
No information available | |
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Peer Review Tools Support for independent review and annotation of model results. |
No information available | |
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User-defined Validation Tests Ability to run custom tests to validate outputs against known benchmarks. |
No information available | |
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Model Sensitivity Reporting Automated quantification of model and parameter uncertainty. |
No information available | |
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Audit Trail for Models Detailed logs of model changes, runs, and result comparisons. |
No information available |
Model Update & Maintenance
(0 Yes /0 Known /5 Possible features)
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Automated Model Updates Push/pull based updating of hazard and financial models without manual install. |
No information available | |
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Changelog Distribution Transparent distribution of model release notes and update impacts. |
No information available | |
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Backward Compatibility Ability to re-run old portfolios in previous model versions. |
No information available | |
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User Notification of Updates Automated alerts and digest announcements of new releases. |
No information available | |
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Support for Historical Model Versions Ability to preserve and sandbox old model/data versions for regulatory reviews. |
No information available |
Customer Support & Service
(0 Yes /0 Known /7 Possible features)
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Technical Support Coverage Availability of support team during business hours (and optionally 24/7). |
No information available | |
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Onboarding Assistance Guided onboarding program for new clients and users. |
No information available | |
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Training Sessions Regular live/online training, webinars, and best practice workshops. |
No information available | |
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Client Community Access Forums, events, and user groups for sharing knowledge and advice. |
No information available | |
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Service Level Agreement (SLA) Formal SLAs for support response times and updates. |
No information available | |
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Premium Support Option Higher-tier support plans for critical clients. |
No information available | |
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Dedicated Account Manager Assigned point of contact for strategic engagement. |
No information available |
Pricing & Licensing
(0 Yes /0 Known /6 Possible features)
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Flexible Licensing Models Annual, usage-based, enterprise, or modular license options. |
No information available | |
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Pay-as-you-go Option Supports pay-per-use with no long-term contract. |
No information available | |
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Free Trial or Sandbox Limited access trial for proof-of-concept or evaluation. |
No information available | |
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Transparent Pricing Clear, predictable fee structures without hidden charges. |
No information available | |
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Bundled Model Updates Model/feature updates included in standard license. |
No information available | |
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Usage Tracking Tools Dashboards and reporting for monitoring software/data usage. |
No information available |
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