Home | News & Events
SCOR Selects EQECAT’s WORLDCATenterprise™ Software For Worldwide Catastrophe Modeling
January 17, 2006
Oakland, California
EQECAT, Inc., the leading authority on extreme-risk modeling, said today that SCOR, one of the world's leading reinsurers, has chosen EQECAT’s WORLDCATenterprise™ catastrophe management software to enhance their assessment of catastrophe risks in 88 countries.
“We are delighted SCOR has chosen to incorporate EQECAT’s highly reliable WORLDCATenterprise™ platform into their global risk assessment process,” said Rick Clinton, President of EQECAT. “SCOR, like many other insurers and reinsurers, has gone through a re-evaluation of catastrophe models after the last two turbulent years of catastrophic event losses, and we are pleased they concluded that our platform was a valuable resource in their exposure management process.”
“EQECAT’s risk modeling platform is a critical component to the development of a probabilistic framework for managing our global catastrophic risk,” said Jean-Luc Besson, Chief Risk Officer of SCOR. “EQECAT provides a platform supporting catastrophe analysis for more than 140 of our peril exposures in 88 countries,” he said.
About SCOR
SCOR is one of the leading international reinsurers. SCOR’s strategy aims at being a medium-sized reinsurer with worldwide operations, pursuing an underwriting policy centered on profitability and practicing selectively across all branches of reinsurance. Specialist teams are active in over 130 countries. They develop value added, innovative and tailor-made products, and make long-term commitments to their clients from the insurance and corporate sectors.
EQECAT Serves Global Clients Through Extensive WORLDCATenterprise™
Through its user-friendly, extreme-risk modeling software, WORLDCATenterprise™, EQECAT enables clients to assess and manage potential damage and loss from wind, earthquakes, flood, wildfire, and terrorism, among other perils. WORLDCATenterprise™ includes 167 natural hazard software models for 88 countries spanning six continents.
EQECAT, and its parent ABS Consulting, serve the global property and casualty insurance industry, major multinational corporations and financial institutions. EQECAT is known as the technical leader and innovator in the development of analysis tools and methodologies to quantify insurers’ and major corporations’ exposure to natural and man-made catastrophic risk.
EQECAT was founded in 1994 and is headquartered in Oakland, California. For additional information, please log on to www.absconsulting.com, or www.EQECAT.com.
|
