EQECAT, Inc. is a catastrophe risk modeling firm that provides state-of-the-art products and services to the global property and casualty insurance, reinsurance and financial markets. EQECAT is the technical leader and innovator of catastrophe risk management models that quantify exposure to a range of natural and man-made catastrophic risks.
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), EQECAT's catastrophe risk modeling platform, includes 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.
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EQECAT is dedicated to being a trusted advisor to our insurance, reinsurance and financial clients, enabling them to successfully manage their business risk due to catastrophic events. We are committed to providing our clients with practical, state-of-the-art catastrophe risk modeling products and services, and advancing the science and analytics of catastrophe risk modeling.
EQECAT will have the most sought after expert opinion as the thought leader regarding catastrophe risk and be the preferred provider of related risk analytics and decision support products in all major insurance, reinsurance and financial markets worldwide. We will be viewed as an extraordinarily client focused and collaborative catastrophe modeling company whose products consistently exceed our clients' expectations regarding functionality, analytical speed, transparency and overall ease of use.
Respect and honor clients - We are client-centric in everything we do. Our clients underwrite our activities and we work for them. Our clients require transparency, increased analytical speed, robust features and functionality, superior service and world-class technical documentation.
Humility - Modeling is but a representation of risk and entails a significant degree of uncertainty. We are humbled by the trust that our clients have in EQECAT to quantify catastrophe risks. We will acknowledge and expose uncertainty, not promote delusional exactitude.
Transparency - World-class science and engineering is necessary, but not sufficient, for satisfying our clients' needs. In our approach to model development, documentation and interacting with clients, we will be transparent as to how our products and services represent risk. We embrace and practice honest, open, clear, and succinct communication. We engage our clients with the utmost integrity.
Teamwork and mutual respect for colleagues - The catastrophe risk analytics business requires a significant degree of collaboration across interdependent disciplines and functional teams, with expertise in software, technology, insurance, finance, actuarial science, meteorology, seismology, structural engineering, vulnerability, building stock, urban planning, etc. All of these disciplines will be well represented in our products to characterize risk appropriately. Our teams will always treat each other with respect and value each other's contributions to the whole.
Team development - We will hire, develop, and retain the most talented professionals in their respective fields. We will achieve this by maintaining a highly rewarding workplace that provides technical challenges, interesting and compelling work, and a variety of financial and non-financial incentives.
EQECAT's management team brings decades of diverse experience and a history of success to catastrophe modeling software and risk consulting services for the insurance, reinsurance, and financial industries. Combining industry expertise with technical savvy, EQECAT's talented employees develop innovative catastrophe risk models and services based on the latest science and technology.
EQECAT staff belong to various professional organizations related to their fields of expertise. Some of these organizations include:
- American Association of Wind Engineering
- American Geophysical Union (AGU)
- American Meteorological Society (AMS)
- American Society of Civil Engineers (ASCE)
- Business in Partnership Program - Pacific Earthquake Engineering Research Center (PEER)
- Earthquake Engineering Research Institute (EERI)
- International Society of Catastrophe Managers (ISCM)
- Reinsurance Association of America (RAA)
- Risk Insurance Management Society (RIMS)
- Seismological Society of America (SSA)