RQE Catastrophe Risk Modeling Software Platform

The RQE® (Risk Quantification & Engineering) catastrophe risk modeling software platform enables clients to quantify and manage the potential financial impact of natural hazards.

RQE version 13 was released on January 31, 2013 and replaces WORLDCATenterprise™. RQE is the result of a multiple-year initiative that involved a significant degree of collaboration with clients, prospects, and industry experts. While there are many improvements within the new platform, we have preserved and leveraged our robust methodology and unique treatment of uncertainty, which are the hallmarks of EQECAT modeling.

Risk Quantification & EngineeringRQE (Risk Quantification & Engineering) Import Template Screenshot

RQE Features

Key aspects of RQE catastrophe modeling software includes the following features:

Robust Treatment of Uncertainty

The EQECAT loss calculation methodology considers the effects of uncertainty throughout the entire modeling process. The simulation of 300,000 years of losses provides a credible estimate of the tail of the loss exceedance curves and allows the modeling of complex features such as correlation between risks, non-Poisson event frequency distributions, and the treatment of multi-event conditions such as annual limits, reinstatements and antecedent events.

Four Principal Report Types

RQE includes four principal report types:
  • Summary Report

    • Annualized mean loss and standard deviation

    • Exceedance Probability Report (at four configurable return periods)

      • Both per occurrence and annual aggregate

  • EP - Exceedance Probability Report

    • Per occurrence losses

    • Annual aggregate losses

    • Per Occurrence TVaR losses

    • Annual Aggregate TVaR losses

  • ELT - Event Loss Table

    • Stochastic event set

    • Historical & hypothetical events

    • Lloyd's RDS events

    • User-selected list of events

  • YLT - Year Loss Table

    • 300,000 years of simulated losses

    • With 3G Correlation™, the YLTs allow users to aggregate and disaggregate portfolios "on the fly" within the platform or outside the platform

Diverse Reporting Levels and Perspectives

RQE's reporting capabilities provide various risk perspectives.
  • Drill down by account, policy or site to find a portfolio's driving risks

  • Report reinsurance and retrocession recoveries by treaty and layer

  • Select the loss measures (ground up damage, gross loss, facultative recoveries, net of facultative, treaty recoveries, net of treaty)

Comprehensive Portfolio Aggregation

Standard output includes both Event Loss Table (ELT) for occurrence-based metrics and Year Loss Table (YLT) for aggregate loss metrics. With 3G Correlation, users are able to aggregate one or more YLTs to create an aggregate YLT. Reports can be generated from the YLT for annual losses, Exceedance Probability (EP) curves and the associated ELT. The aggregate YLT can then be input to a further aggregation to model different perspectives of risk. This process may be repeated as often as necessary.

Comprehensive Data Import

RQE's new, faster import workflow enables easier input and editing of exposure data.
  • Source format is single-file, relational-file set, or SQL Server database

  • Import from Excel worksheets, text files, or SQL Server database

  • Re-usable templates which define the field and code mappings

  • Comprehensive verification reports for identifying errors and warnings

  • Validation reports for exposure by geocode level and construction type, gross and net limits

Easy Workflow Integration

RQE output is readily accessible and easily integrates into your workflow.

  • The import process handles most data formats directly, whether spreadsheets, text files, or SQL databases

  • The data validation reports let you check for completeness and consistency

  • The analysis reports are configurable so you get the results you need

  • All the results are readily accessible in the database

  • The entire process can be fully automated within your business environment

View RQE Software Portfolio Account ListRQE Catastrophe Modeling Software
Portfolio Account List

Interactive Exposure Management

Table-based view of data for versatility and ease of use when:

  • Sorting

  • Filtering

  • Searching













Extensive Global Coverage

The software includes 180 natural hazard models for 96 countries and territories spanning six continents. These models are based upon innovative applications of the latest science, engineering expertise, claims and exposure data, and advanced mathematics.

Modeled Perils

  • Earthquake (ground shaking, fire following, sprinkler leakage, workers' compensation)

  • Tropical cyclone and windstorm (wind, storm surge, wind-induced flood)

  • Severe convective storm

  • Brushfire

  • Winter storm

  • Flood

Consistent Results Across Borders with Regional Models

EQECAT has developed several regional models, which produce consistent results across national borders through a unified, region-wide approach and comprehensive stochastic event set.

Integrated Catastrophe Modeling System (ICMS)

EQECAT's Integrated Catastrophe Modeling System (ICMS) is an Application Programming Interface (API) that allows clients to seamlessly integrate catastrophe modeling into their underwriting workflows. Most of the functionality that a user can perform manually in the User Interface can be automated - creation of folders and portfolios, import of exposure data and definition of reinsurance structures, report generation and results retrieval.

Learn More About RQE

Visit the RQE FAQ for details about the release of RQE version 13, the platform's hardware and software, features and functionality, as well as training opportunities.

Current clients will want to prepare operations and workflow for the RQE release. Find details about the change management process and the three phases - Preparing, Managing, Reinforcing.

Request information about RQE catastrophe risk modeling software platform.

 

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RQE Information

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Contact EQECAT

Call to speak with an EQECAT representative:

In the Americas
(201) 287-8320

In Bermuda
(201) 287-8320

In UK/Europe/Asia
+44 207 265 2030

Related Materials

Download the RQE Fact Sheet

RQE Fact Sheet
(PDF 540 KB)

RQE Fact Sheet in Mandarin
(PDF 525 KB)

RQE Fact Sheet in Japanese
(PDF 573 KB)

Download the Catastrophe Model Brochure

Catastrophe Models Brochure
(PDF 2 MB)

Related News

July 2, 2012
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EQECAT Opens Black Box For Cat Platform Launch

July 3, 2012
Insurance & Technology
EQECAT Focuses on UI in Latest CAT Model Release

July 5, 2012
Business Insurance
Insurance underwriting evolves with upgrades in catastrophe model technology

Change Management

Change Management

Contact your Account Representative to discuss how EQECAT's change management process can help you prepare for RQE version 13.