|By Business Wire||
|August 12, 2013 04:00 AM EDT||
Today EQECAT announced the release of RQE® (Risk Quantification & Engineering) version 14. The catastrophe risk modeling platform enables clients to quantify and manage the potential financial impact of natural hazards. RQE v. 14 includes updates to country/peril models, financial model, work flow, and integration.
Highlights of RQE v. 14 include:
Country/Peril Model Updates
RQE version 14 includes updates to the following country/peril models:
- North Atlantic Hurricane Model (Florida Certified for 2013)
- Exclusion Capabilities for Highly Floodable Areas in German Flood Model
- Earthquake Worker’s Compensation Model for U.S.
Financial Model Updates
- Year Loss Table Day Stamped Results
- Year Loss Table Reporting by Line of Business and User-Defined Category
- Apply Reinsurance Treaties in the Portfolio Aggregator
Technical Updates and Work Flow Integration
- Apache Tomcat 7 with 64 Bit Java
- Automated Database Migration
- Support for Database Attach/Detach by External Database Management Systems
“To create RQE v.13, we brought together some of the best science, engineering and insurance talent and perspectives from virtually every segment and geography in the global re/insurance industry to gain deeper model insight,” said Dr. Mahmoud Khater, executive vice president and chief technical officer. “With the release of RQE v.14, we are building on a strong foundation for the future. Our goal is to have the RQE platform become the industry benchmark while continuing to bring greater value to our clients.”
EQECAT connects re/insurance and financial services clients with the world’s leading scientific minds to quantify and manage exposure to catastrophic risk. Leveraging decades of experience, EQECAT’s comprehensive methodology is distinguished by a unique treatment of uncertainty that helps clients set rational expectations about risk.
RQE® (Risk Quantification & Engineering) provides enhanced functionality and user experience with a new financial model, import workflow, and user interface. Increased analytical speed, expanded reporting, and improved integration capabilities provide clients with increased transparency and faster access to results for 180 natural hazard software models for 96 countries spanning six continents.
EQECAT, a subsidiary of ABSG Consulting Inc., was founded in 1994 and is headquartered in Oakland, California.
For more information, contact: