|By Business Wire||
|January 31, 2013 04:01 AM EST||
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:
SYS-CON Events announced today Sematext Group, Inc., a Brooklyn-based Performance Monitoring and Log Management solution provider, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting and anomaly detection (SPM), log management and analytics (Logsene), search analytics (S...
Mar. 27, 2015 01:00 PM EDT Reads: 3,273
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
Mar. 27, 2015 01:00 PM EDT Reads: 1,255
SYS-CON Media announced today that 9 out of 10 " most read" DevOps articles are published by @DevOpsSummit Blog. Launched in October 2014, @DevOpsSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dy...
Mar. 27, 2015 01:00 PM EDT Reads: 2,343
SYS-CON Events announced today Arista Networks will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Arista Networks was founded to deliver software-driven cloud networking solutions for large data center and computing environments. Arista’s award-winning 10/40/100GbE switches redefine scalability, robustness, and price-performance, with over 3,000 customers and more than three million cloud networking ports depl...
Mar. 27, 2015 12:45 PM EDT Reads: 2,346
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
Mar. 27, 2015 12:30 PM EDT Reads: 538
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
Mar. 27, 2015 12:00 PM EDT Reads: 386
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
Mar. 27, 2015 12:00 PM EDT Reads: 1,258
Getting started is often the hardest part of any project, and converting your data center into a Git Repository is no different. In his session at 16th Cloud Expo, Christopher Gallo, Developer Advocate for SoftLayer, an IBM Company, will discuss some of the more popular configuration management suites, with some practical examples showing off the power of SaltStack. Hopefully, by the end of this presentation, you’ll be ready to stop deploying changes manually and enter the magical world of sof...
Mar. 27, 2015 12:00 PM EDT Reads: 1,230
F5 Networks introduced software solutions to expand its offerings and simplify service delivery across physical, virtual, and cloud infrastructures. These new, lightweight solutions extend the capabilities of the F5 Synthesis™ framework to allow all applications to receive services – from basic load balancing to more advanced security and optimization capabilities – regardless of where the applications are located. F5® LineRate Point™ Load Balancer provides an application proxy that expands F5’...
Mar. 27, 2015 12:00 PM EDT Reads: 971
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carr...
Mar. 27, 2015 11:45 AM EDT Reads: 1,568
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
Mar. 27, 2015 11:00 AM EDT Reads: 1,006
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Developer Advocate at SoftLayer, will break down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them t...
Mar. 27, 2015 11:00 AM EDT Reads: 1,330
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud....
Mar. 27, 2015 11:00 AM EDT Reads: 1,285
Chef announced that James Casey has been appointed Vice President of Engineering. Casey has more than a decade of experience managing engineering and operations for CERN and is a three-year Chef veteran. Casey brings deep expertise in DevOps practices, as well as an innate understanding of the needs of Chef customers and the community. Casey will oversee the quality and cadence of product development for Chef's engineering and operations teams, and will report to Chef CEO Barry Crist.
Mar. 27, 2015 11:00 AM EDT Reads: 1,015
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 27, 2015 11:00 AM EDT Reads: 1,283
DevOps tasked with driving success in the cloud need a solution to efficiently leverage multiple clouds while avoiding cloud lock-in. Flexiant today announces the commercial availability of Flexiant Concerto. With Flexiant Concerto, DevOps have cloud freedom to automate the build, deployment and operations of applications consistently across multiple clouds. Concerto is available through four disruptive pricing models aimed to deliver multi-cloud at a price point everyone can afford.
Mar. 27, 2015 10:00 AM EDT Reads: 717
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. 7th International Big Data Expo, co-located with 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - has announced its Call for Papers is open. As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the cloud computing boom, Big Data Expo...
Mar. 27, 2015 10:00 AM EDT Reads: 2,627
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Mar. 27, 2015 09:45 AM EDT Reads: 1,922
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Mar. 27, 2015 09:45 AM EDT Reads: 4,548
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Mar. 27, 2015 09:30 AM EDT Reads: 1,445