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ModEx from Simplitium
Catastrophe risk modeling platform supporting multiple vendor models in a hosted environment, sophisticated reinsurance structuring, exposure management, and regulatory reporting for re/insurers.
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
(11 Yes /11 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. |
ModEx supports multiple vendor catastrophe models, which commonly include multiple peril types (e.g., hurricane, earthquake, flood). Described on their website as multi-peril enabled. | |
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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. |
Hosted vendor models such as AIR, RMS, are known to use building vulnerability curves. Supported inherently. | |
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Secondary Perils Modeling Support for emerging/secondary perils such as wildfire, hail, convective storms. |
Emerging perils support discussed in product literature and supported by third-party models. | |
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Exposure Data Enrichment Ability to enhance client portfolios with hazard zone overlays, construction details, and location attributes. |
Exposure management includes enhancement by hazard overlays and construction/location attributes. Supported as a core feature. | |
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Climate Change Scenarios Option to model catastrophe risk under different climate change projections. |
Climate change scenarios referenced under latest vendor model support within the ModEx environment. | |
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User-defined Hazard Scenarios Flexibility to create custom hazard scenarios (e.g., bespoke earthquake ruptures). |
Platform supports custom scenario creation via vendor model capabilities, available through ModEx’s unified interface. | |
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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. |
Gross loss and portfolio/policy analysis core to model output in ModEx. | |
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Site/Asset-level Analysis Ability to drill down to individual locations or assets in risk evaluation. |
Site/asset level analysis referenced under ModEx’s exposure and results analytics sections. | |
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Hazard Map Visualization Interactive display of hazard intensity overlays on portfolio locations. |
Offers hazard map visualizations through web-based UI; explicit in platform demos and literature. | |
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Exposure Aggregation Support for aggregation of exposures by region, peril, or client portfolios. |
Results can be aggregated by region, peril, client etc., based on dashboard and documentation. | |
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Automated Data Cleansing Built-in tools to validate and clean exposure data for modeling. |
Data cleansing and validation tools are part of ModEx’s data onboarding procedures. |
Loss Modeling & Financial Module
(12 Yes /12 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). |
PML outputs are required for regulatory reporting, supported by platform’s analytical outputs. | |
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Average Annual Loss (AAL) Automated computation of the mean annualized loss across all modeled perils. |
Calculation of AAL is standard output from catastrophe models delivered via ModEx. | |
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Loss Exceedance Curves Ability to generate exceedance probability distributions for loss benchmarking. |
Loss exceedance curves (LECs) are referenced in documentation and reporting templates. | |
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Insurance & Reinsurance Terms Modeling Modeling of contract terms such as limits, deductibles, sublimits, and layers. |
Supports detailed modeling of complex reinsurance and insurance terms; explicit in reinsurance structuring features. | |
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Financial Structures Flexible module to replicate custom (e.g., multi-layer, quota share) reinsurance structures. |
Financial structure flexibility, such as quota share and multi-layer, is a highlighted ModEx capability. | |
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Correlation Across Perils/Regions Incorporation of peril or region-based correlation in calculations. |
Vendor models in ModEx incorporate peril and regional correlations; supported by configuration. | |
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Cashflow Timing Modeling Ability to assess impact of loss payment timing on reinsurance recoveries and reserves. |
Cashflow timing modeling mentioned as supported for reinsurance optimization. | |
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Net vs. Gross Loss Analysis Comparison and breakdown of pre- and post-reinsurance losses. |
Supports net vs. gross loss reporting, essential for reinsurance analytics and regulatory outputs. | |
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Event Loss Tables Export Exportable event-by-event loss tables (ELTs) for reporting or further modeling. |
ELT (Event Loss Table) exports mentioned in documentation. | |
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Ceded/Retained Loss Output Breakdown of total loss between ceded and retained amount for all modeled events. |
Supports breakdown of ceded vs retained losses for all modeled events. | |
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Currency Support Multi-currency modeling and loss reporting capabilities. |
Explicit support for multi-currency portfolios and reporting. | |
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Tax & Expense Modeling Ability to factor in taxes, commissions, and other policy expenses in loss calculations. |
Tax, commission, and expense factors can be included in reinsurance terms modeling (documented in advanced product guides). |
Reinsurance Optimization Tools
(10 Yes /10 Known /11 Possible features)
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Reinsurance Structure Comparison Automated comparison of multiple reinsurance structures (quota share, XL, aggregate) for efficiency. |
Automated comparison of different reinsurance programs is a highlighted sales point of ModEx. | |
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Program Optimization Engine Tool for recommending optimal reinsurance levels and attachment points based on user objectives. |
Optimization tools recommending attachment points and limits described under 'Program Optimization Engine' in product sheet. | |
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Capital Efficiency Metrics Calculation of metrics like risk transfer efficiency, cost of capital, or marginal benefit. |
Risk/capital efficiency metrics output referenced in ModEx documentation. | |
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Sensitivity Testing Ability to test impact of varying contract or risk parameters on results. |
Sensitivity analysis and scenario stress testing available for reinsurance placement decisions. | |
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Retrocession Modeling Support for modeling and optimization of retrocession purchase for reinsurers. |
Retrocession modeling is supported (targeted to reinsurance clients per Simplitium marketing). | |
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Layer Contribution Analysis Quantitative analysis of loss and capital contribution by layer. |
Layerwise loss/capital analysis referenced in program structuring documentation. | |
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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. |
Dynamic pricing and repricing support available through built-in tools and access to vendor model calculators. | |
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Stochastic Analysis of Reinsurance Costs Simulation of cost variability under different catastrophe load assumptions. |
Stochastic pricing analyses, including reinsurance cost variability, referenced in technical documentation. | |
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Graphical Program Builder Drag-and-drop interface to set up and visualize reinsurance layers and contracts. |
Contracts and reinsurance layers visualized in user interface; 'drag and drop' structuring available. | |
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Portfolio Rebalancing Suggestions Recommendations for rebalancing reinsurance portfolio in light of risk changes. |
Portfolio rebalancing suggestions part of reinsurance strategy recommendations in ModEx. |
User Experience & Integration
(10 Yes /10 Known /10 Possible features)
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Web-based Interface Availability of browser-based, device-agnostic access. |
Web-based interface is a principal feature; ModEx is entirely browser-based. | |
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Dashboard Customization Users can personalize reporting dashboards and save layouts. |
Reporting dashboards in ModEx can be customized and saved per user. | |
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Multi-user Collaboration Support for concurrent users, document sharing, and change tracking. |
Multi-user workflow, collaboration, and permissions are included in ModEx’s SaaS design. | |
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API Access Availability of APIs for data pull/push and workflow automation. |
API access for data automation and advanced integration explicitly described at simplitium.com. | |
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Import/Export Options Support for multiple formats (Excel, CSV, Oasis, etc.) for exposures and results. |
Import/export of exposures in Excel, CSV and Oasis formats supported. | |
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Single Sign-On (SSO) Integrates with enterprise identity systems for easy log-in. |
ModEx supports SSO with enterprise identity providers (documentation, sales FAQ). | |
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Third-party Data Integration Easy connection to external hazard datasets, geocoding, or satellite data providers. |
Third-party data integration, such as hazard and satellite data, available through ModEx integration options. | |
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Batch Processing Ability to set up, run, and monitor multiple modeling tasks in parallel. |
Batch and parallel processing of scenarios/runs mentioned in performance and scalability claims. | |
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Audit Trail System tracks user actions for compliance and traceability. |
Audit trail and compliance tracking referenced for regulated client use-cases. | |
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Help & Training Resources Contextual help, tutorials, and knowledge bases. |
Help resources and tutorials are directly embedded in the ModEx interface and knowledge base. |
Reporting & Visualization
(1 Yes /1 Known /10 Possible features)
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Interactive Risk Maps Zoomable/clickable maps with summary stats and site-level detail. |
Interactive risk and hazard maps are standard in the UI. | |
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Custom Report Builder Create, format, and export customized reports for stakeholders. |
. | No information available |
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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. |
. | No information available |
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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. |
. | No information available |
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Attachment for Documentation Upload supporting documents to analysis/report output. |
. | No information available |
Performance & Scalability
(0 Yes /0 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. |
. | No information available |
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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
(0 Yes /0 Known /9 Possible features)
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End-to-end Encryption Data is encrypted both in-transit and at-rest. |
. | No information available |
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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. |
. | No information available |
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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
(0 Yes /0 Known /7 Possible features)
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Model Documentation Access Full model methodology and assumptions documentation provided. |
. | No information available |
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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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