Transferring Exposure Data Using WORLDCATenterprise™

Insurers and reinsurers make extensive use of CAT models to evaluate the amount of risk and exposure they are carrying. This in turn helps them to calculate the rates they charge customers and to maintain appropriate coverage for themselves. Apart from evaluating their own risk and exposure, insurers and reinsurers use CAT models to know how much reinsurance or reinstatement they need to purchase. Buying reinsurance involves several different parties who need to evaluate the exposure data to make the most sound decision. If a primary insurer needs to buy reinsurance to cover their risk, the exposure data needs to be evaluated by a broker and a reinsurer. So the primary insurance company would need to transfer its books of business to the brokers or reinsurers. This can be done using just a few clicks in EQECAT’s WORLDCATenterprise™ (WCe).

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For more information on this document, please e-mail us at eqecat@absconsulting.com.