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, 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.
For more information, contact:
pr@eqecat.com