Welcome!

IoT User Interface Authors: Liz McMillan, Philippe Abdoulaye, Pat Romanski, Scott Sobhani, Elizabeth White

News Feed Item

EQECAT Releases RQE (Risk Quantification & Engineering) Catastrophe Modeling Platform

Today EQECAT announced the release of its RQETM (Risk Quantification & Engineering) catastrophe risk modeling platform that enables clients to quantify and manage the potential financial impact of natural hazards.

RQE version 13 is the result of a multiple-year initiative that involved a significant degree of collaboration with clients, prospects, and industry experts and is the single largest release of its kind. While there are many improvements within the new platform, EQECAT has preserved and leveraged its robust methodology and unique treatment of uncertainty, which are the hallmarks of EQECAT risk modeling.

“We are thrilled that RQE will provide significant and increased value to the global re/insurance market,” commented Bill Keogh, president of EQECAT. “With so much that differentiates us competitively, we look forward to satisfying the pent up demand for our analytics. Having collaborated closely with leaders from virtually every segment and geography in the global re/insurance business, we are confident that RQE will disrupt the status quo of catastrophe risk modeling. All of us at EQECAT thank our existing and new clients for their collaboration throughout this development process and their confidence in RQE.”

Highlights of RQE v. 13 include:

  • Comprehensive portfolio aggregation
  • New financial model
  • Improved user interface
  • Improved import workflow
  • New database schema with 4-tier hierarchy
  • Significant improvements in import run times
  • Catastrophe model updates

Comprehensive Portfolio Aggregation

Standard output includes both Event Loss Table (ELT) for occurrence-based metrics and Year Loss Table (YLT) for aggregate loss metrics. 3G Correlation™ allows users to aggregate one or more YLTs to create an aggregate YLT. Reports can be generated from the YLT for annual losses, Exceedance Probability (EP) curves and the associated ELT.

New Financial Model

The implementation of the new 4-tier database hierarchy facilitates enhancements that enable more complete loss modeling for excess and surplus (E&S) lines, "step" policies, and other complex financial structures.

Improved User Interface

The release offers users significant improvements to the import process, exposure management and report selection to provide an enhanced user experience.

Improved Import Workflow

RQE v. 13 includes a new import workflow to enable easier input and editing of exposure data.

New Database Schema

This release includes an improved uniform database schema with 4-tier hierarchy at the account and portfolio level.

Significant Improvements in Import Run-time

Clients will experience faster run-times with new and improved import capabilities.

Catastrophe Model Updates

RQE v. 13 includes the update of 178 country/peril models including vulnerability, hazard, and correlation/simulation updates. Hazard and vulnerability have been updated for a number of models to incorporate new scientific research and detailed analyses of claims and exposure data from recent events. Correlation and simulation updates were made to all country/peril models to allow the ability to combine multiple portfolios without the need to re-analyze, using 3G Correlation™.

EQECAT will host a multiple-day conference to enable clients to own their view of risk by providing a thorough understanding of RQE v.13 and the entire EQECAT catastrophe modeling process. The catastrophe modeling conference is being held in Fort Lauderdale, Florida on April 9 – 11, 2013 at the Ritz-Carlton.

Learn more about RQE catastrophe modeling, or read the press release online.

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.

RQETM (Risk Quantification & Engineering), EQECAT’s new catastrophe risk modeling platform, will provide 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:
[email protected]

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
"We work in the area of Big Data analytics and Big Data analytics is a very crowded space - you have Hadoop, ETL, warehousing, visualization and there's a lot of effort trying to get these tools to talk to each other," explained Mukund Deshpande, head of the Analytics practice at Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2016' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited t...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Edge Hosting has announced a partnership with and the availability of CloudFlare, a web application firewall, CDN and DDoS mitigation service. “This partnership enhances Edge Hosting’s world class, perimeter layer, application (layer 7) defensive mechanism,” said Mark Houpt, Edge Hosting CISO. “The goal was to enable a new layer of customer controlled defense and compliance through the application of DDoS filters and mitigations, the web application firewall (WAF) feature and the added benefit ...
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
"SpeedyCloud's specialty lies in providing cloud services - we provide IaaS for Internet and enterprises companies," explained Hao Yu, CEO and co-founder of SpeedyCloud, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection. In his session at 18th Cloud Expo, Bradley Holt, a Developer Advocate with IBM Cloud Data Services, discussed...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profession...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discusse...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.