EQECAT Convenes Catastrophe Management Client-Meeting To Explore “Future Of Cat Modeling"
New York, New York
May 18, 2005
EQECAT, Inc., the authority on extreme-risk modeling, today convened, in New York City, the second in its series of regional 2005 Catastrophe Management client-meetings.
The two-day meeting will focus on "the future of cat modeling" the benefits of EQECAT's updated catastrophe models, which are part of its highly regarded WORLDCATenterprise™ platform; and a variety of other manmade and natural hazards, which are top-line issues of insurance and reinsurance companies in the United States and abroad.
Speakers at the New York conference will review some of 2004's natural catastrophes and how characteristics of those events are considered in EQECAT’s updated US hurricane model, which will be released this summer. Presentations also will focus on EQECAT's updated US earthquake model, which also will be released this summer. "The earthquake model is the only one in the industry considered "state-of-the-art" by the California Earthquake Authority, said Tom Larsen, senior vice president of EQECAT.
Other presentations and discussions at the New York meeting will focus on:
- advanced portfolio technologies;
- improving business efficiency through integrated catastrophe models;
- EQECAT's hurricane, flood and tornado models;
- spanning the capital and indemnity marketplace;
- options for managing terrorism risk exposures; and,
- advances in EQECAT's integrated solution for catastrophe modeling (XML Implementation).
Additional Regional Client-Meeting Scheduled In Bermuda
Another regional client-meeting is scheduled for Bermuda, June 22 - June 23. The previous meeting in the series, in Dublin, Ireland, earlier this month, focused on managing extreme risk in an uncertain world, and the innovative strategies, and solutions available to help insurers improve business results.
EQECAT, Inc. 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 181 natural hazard software models for 95 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, a subsidiary of ABSG Consulting Inc., was founded in 1994 and is headquartered in Oakland, California.
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