Catastrophe modelling

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Luca Leone
tel: 01223 460475

CAR’s approach to catastrophe modelling has in large part been developed in co-operation with insurance clients and partners and so reflects the needs of the UK insurance and international reinsurance industries, in terms of the range of perils and territories covered and the focus on loss estimation for buildings, contents and business interruption. CAR’s models use industry-standard geocoding, such as postcode, administrative unit or CRESTA zone, to provide country-specific loss estimates for large residential, commercial and industrial property portfolios. These outputs can be used by reinsurance companies to price their reinsurance treaties or by primary insurers and their brokers to control their exposure and optimise their reinsurance purchasing. CAR’s models are not black boxes, but are designed to be easily integrated with clients’ existing in-house or third party models, or to be used on a standalone basis.

Peril coverage
CAR has experience of modelling the vulnerability of the built environment to a wide range of natural and man-made perils, including the following:

Catastrophe perils
Volcanic eruption
Tropical and temperate windstorm
Riverine flood, storm surge and tsunami

Routine perils
Unexploded Ordnance (UXO)

Territorial coverage (Earthquake)
CAR has developed earthquake vulnerability models for all the major countries and territories of primary interest to the international reinsurance industry. Between 2004 and 2006 CAR developed the Global Earthquake Vulnerability Estimation System (GEVES). A model for estimating losses to property portfolios from earthquake ground shaking, GEVES provides country-specific estimates for 34 countries and territories of primary interest to the reinsurance industry.

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