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Catastrophe Loss Modelling Services

Specific services we offer are:

• analysis of whole or part of Australian property portfolio for loss risk using:
• RMS Aggregate Loss Model (ALM) which uses ICA Zone aggregated information
• RMS Detailed Loss Model (DLM) which uses individual risk information
• EQECat model which uses postcode aggregated information
• analysis of whole or part of Australian property portfolio for tropical cyclone wind loss risk using Elements (developed by Will Gardner of Aon Impact Forecasting, Chicago, and formerly of Aon in Australia)
• analysis of whole of Australian property portfolio for all natural perils using ICACat (developed in-house by Dr George Walker) which uses aggregated ICA Zone portfolio information
• statistical analysis of historical loss records to determine the loss risk for perils other than earthquakes and tropical cyclone winds, which is needed for combining with the output from the earthquake and tropical cyclone wind loss risk models
• determination of suitable retention and PML levels, reinsurance layers, and associated technical (pure risk) rates on line for the design of reinsurance programs
• statistical simulation of the performance of reinsurance programs using Monte Carlo analysis to determine average value and volatility of parameters such as annual retained loss and loss from each layer, as well as the probabilities of attachment and exceedance of the different layers using CatRam, a software analysis tool developed in-house by Aon
• in combination with other risks, whole of account and enterprise wide financial risk analysis.