RQE Release Event in Bermuda
12:00 AM 12:00 AM
Fairmont Hamilton Princess Hotel
Venue for Bermuda Release Event
RQE™ (Risk Quantification & Engineering), EQECAT's new catastrophe risk modeling platform, was unveiled in 2012. The Bermuda release event was held on June 26, 2012.
Attendees got a chance to connect personally with EQECAT staff to learn about RQE version 13 and some of the upcoming improvements, which include:
- Updated catastrophe models
- Improved import workflow
- Improved analytics
- New financial model and reports
Attendies gained a deeper understanding of all components of the EQECAT catastrophe risk modeling process to support better business decisions related to risk assessment, risk pricing, and portfolio management of catastrophe risk.
The event was held at The Fairmont Hamilton Princess in Bermuda.
The Fairmont Hamilton Princess
76 Pitts Bay Road
Hamilton
Bermuda
HM 08
Schedule & Agenda
Below was the Bermuda release event agenda. Sessions ran from 9:00 am - 5:15 pm.
| Tuesday, June 26, 2012 |
||||
|---|---|---|---|---|
| Time | Session Description | Speaker |
||
| 8:30 am - 9:00 am | Registration | N/A | ||
| 9:00 am - 10:00 am | RQE: From WORLDCATenterprise™ to RQE EQECAT's transformation produces its fourth delivery of new catastrophe modeling technology in 2012 in RQE. The platform delivers significant improvements in workflow and analytics to our clients in the re/insurance industry. Areas of improvements include improved catastrophe models, an updated financial model and significantly re-designed workflow and performance components. |
Paul Little SVP, Global Client Development and Consulting Services |
||
| 10:00 am - 11:00 am | Uncertainty and 3G Correlation™: An In-Depth Discussion on EQECAT's Methodology
In this session, we discussed the importance of capturing the sources of uncertainty in modeling and EQECAT's approach, including 3G Correlation, available in EQECAT's new cat modeling platform being released in 2012. |
Tom Larsen SVP, Product Architect |
||
| 11:00 am - 11:30 am | Networking Break | N/A | ||
| 11:30 am - 12:00 pm | Financial Model EQECAT's new platform included a new financial model that allows users to analyze the latest financial terms and conditions for products offered by the re/insurance industry. This session informed users of the changes that were made to the calculation of ground up, gross loss and net or reinsurance losses. |
Meyer Mandel Global Lead, Professional Services |
||
| 12:00 pm - 12:30 pm | Import Workflow The import process is more than simply transferring the contents of a spreadsheet to the database. Users must verify that the import was successful and validate the data to be analyzed is as expected. The session described EQECAT's new import process - the various types of source data, the error handling, and the exposure reports that give users confidence for the subsequent analysis. |
William Thomas Taggart Account Director |
||
| 12:30 pm - 1:30 pm | Lunch and Networking | N/A | ||
| 1:30 pm - 2:00 pm | Change Management EQECAT's change management process allows client organizations to prepare their business processes, people and technology for upcoming releases and resulting changes. EQECAT has adopted industry best practices and incorporated client feedback to develop a process that enables clients to implement our new platform and updated country/peril models with the least possible interruptions and minimize complications. This session describes the phases of EQECAT's change management process implemented to ensure clients are fully informed and prepared for changes resulting from upcoming releases. |
Meyer Mandel Global Lead, Professional Services |
||
| 2:00 pm - 2:45 pm |
Model Updates for 2012 |
Tom Larsen SVP, Product Architect |
||
| 2:45 pm - 3:15 pm | Database Schema RQE includes new features and functionality that require a redesign of the database schema from the tables to their entity relationships. Some of these features include a four-tier exposure data structure, a new financial model and new reports. This session prepared users for the upcoming changes and allow you to connect with EQECAT staff to answer your questions related to the new database design. |
Meyer Mandel Global Lead, Professional Services |
||
| 3:15 pm - 3:45 pm | Networking Break | N/A | ||
| 3:45 pm - 4:15 pm | Reporting This session explored the powerful new reporting capabilities available in RQE. Among the reporting features are a new YLT (Year Loss Table) and Aggregator. In RQE, 3G Correlation allows user to aggregate multiple portfolios' output without the need to reanalyze. |
Meyer Mandel Global Lead, Professional Services |
||
| 4:15 pm - 5:00 pm |
3-Year Product Roadmap EQECAT embraces the goal of developing and maintaining catastrophe risk modeling products and services for our clients in the re/insurance industry. The roadmap connects this vision and objective to EQECAT's strategic actions required to achieve those objectives. |
Tom Larsen SVP, Product Architect |
||
| 5:00 pm - 5:15 pm | Closing Remarks / Event Conclusion | N/A | ||