EQECAT Announces Release of WORLDCATenterprise™ Version 3.13

Updates to Models Reflect New Peril Data; Improvements to Software Functionality Provide Faster Access to Data

August 31, 2009

Oakland, CA

EQECAT announced today the release of its updated WORLDCATenterprise™ modeling software platform, version 3.13.

The enhancements are based upon new science and data as well as other relevant information about North Atlantic hurricanes, European floods and earthquakes, particularly in the Himalayan Frontal Thrust region and South America.

“In addition to updating EQECAT’s capabilities for a number of peril models, we have also made several enhancements to software functionality to provide clients with faster access to data and results,” said Bill Keogh, senior vice president of EQECAT. “These updates provide our clients with the benefit of the most up-to-date science and engineering advances and a robust platform to efficiently quantify and manage risks,” he said.

Faster Run Times, Other Capabilities Added To EuroFlood Model

Among the changes, EQECAT’s EuroFlood model moved to the WORLDCATenterprise platform from a related software platform. As a result, run times are significantly faster and larger portfolios are accommodated.

EQECAT’s EuroFlood is a fully probabilistic tool, enabling insurers to assess building asset exposure to virtually all flood types across Germany and the Danube in Austria. Future versions will expand this capability to neighboring European countries.

Additional Data Added To North Atlantic Hurricane Model

In addition, EQECAT’s North Atlantic Hurricane model was updated to be consistent with the National Hurricane Center’s historic data as of June 1, 2008 and the complete 2008 hurricane season. The EQECAT model is a probabilistic tool designed to estimate damage and insured losses from hurricanes in the mainland United States, the Caribbean, the Bahamas and Bermuda.

EQECAT also added to its U.S. Offshore Energy Stock, a database of insurable offshore energy infrastructure in the U.S. Gulf of Mexico. The data covers offshore platforms, drilling rigs and pipelines.

By using the data, clients will be able to gain an industry-wide, ground-up view of energy risk in the Gulf of Mexico. The data set is based upon a format which allows direct import into the U.S. Offshore Energy Model (EQECAT OEM.)

The EQECAT OEM was launched in May 2007 in response to market demand for a catastrophe model that could estimate hurricane risk based upon the unique insurance coverage practices in the offshore energy market, such as the control of wells, removal of debris and other related exposures.

Other enhancements made in EQECAT’s version 3.13 software platform include updates to models regarding earthquakes in South America and related areas and the Himalayan Frontal Thrust area in Asia. These changes reflect vulnerability functions based upon recent events in those regions.

In addition, the EQESTOCK™ database for Japan, Canada and the U.S. were updated to incorporate recent research and market intelligence regarding exposure data and policy structures.

EQESTOCK portfolios provide a statistical estimate of residential, commercial and industrial in-force property insurance exposures based upon typical wind and earthquake insurance policies and include information such as market penetration, deductibles, limits, and coverages.

For additional information about upgrades made to specific models, please visit www.eqecat.com or call 510-817-3100.

EQECAT Software Enables Clients Worldwide to Assess and Manage Risk

EQECAT, Inc., a subsidiary of ABSG Consulting Inc. (ABS Consulting), 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.
Through its modeling software platform, WORLDCATenterprise™, EQECAT enables clients to quantify and manage the potential financial impact of natural hazards. WORLDCATenterprise™ includes 177 natural hazard software models for 89 countries spanning six continents. These models are based upon innovative applications of the latest science, engineering expertise, claims and exposure data and advanced mathematics.

EQECAT was founded in 1994 and is headquartered in Oakland, California. For additional information, please visit www.eqecat.com.