Abstract: A system and method for receiving claims information for a CAT event, the claims information including a number of claims for the CAT event, receiving a plurality of variable modifiers for a response to the CAT event by an insurance company, wherein the variable modifiers include an output of at least one sub-model having a defined sub-model time period, running a model simulation of the response to the CAT event by the insurance company based on the claims information and the plurality of variable modifiers, wherein the model simulation is based on a defined model time period that is different from the defined sub-model time period and outputting results of the simulation.

Abstract: Systems and methods for evaluating basis risk associated with index based security instruments. The systems and methods calculating an element factor for each of a plurality of elements based on a modeled company loss for a plurality of events and an industry loss for the plurality of events, calculating a company loss for each element based on the element factor and an industry loss for each of the corresponding elements for each of a plurality of events, comparing the company loss for each element to the modeled company loss for each element for each of the events, wherein the comparing occurs within a layer of interest to determine a basis risk for each of the events and outputting a monetary value of the basis risk for each of the events based on each of the elements.

Abstract: A system, method and computer readable storage medium for calculating a first industry index amount at an index year based on selected loss values for the index year for a plurality of companies in a defined line of business and a predetermined number of years preceding the index year for the plurality of companies and loss estimates for a number of years subsequent to the index year corresponding to a predetermined term of a systemic risk product for the plurality of companies, calculating a second industry index amount based on selected loss values for the index year for the plurality of companies, a predetermined number of years preceding the index year for the plurality of companies and at least one year subsequent to the index year and calculating an industry index value based on the first and second industry index amount.

Abstract: Systems and methods for evaluating basis risk associated with index based security instruments. The systems and methods calculating an element factor for each of a plurality of elements based on a modeled company loss for a plurality of events and an industry loss for the plurality of events, calculating a company loss for each element based on the element factor and an industry loss for each of the corresponding elements for each of a plurality of events, comparing the company loss for each element to the modeled company loss for each element for each of the events, wherein the comparing occurs within a layer of interest to determine a basis risk for each of the events and outputting a monetary value of the basis risk for each of the events based on each of the elements.

Abstract: A system, method and computer readable storage medium for calculating a first industry index amount at an index year based on selected loss values for the index year for a plurality of companies in a defined line of business and a predetermined number of years preceding the index year for the plurality of companies and loss estimates for a number of years subsequent to the index year corresponding to a predetermined term of a systemic risk product for the plurality of companies, calculating a second industry index amount based on selected loss values for the index year for the plurality of companies, a predetermined number of years preceding the index year for the plurality of companies and at least one year subsequent to the index year and calculating an industry index value based on the first and second industry index amount.

Abstract: A system, method and computer readable storage medium for receiving, from a user, a selection of a model to perform a loss reserve calculation, receiving, from the user, a selection of actual data directly from a workbook of a spreadsheet application to be input into the model selected to perform the loss reserve calculation, performing a model fitting calculation based on the model selected and the actual data to generate model fitted results, performing a plurality of simulations, wherein each simulation is based on the model fitted results and random re-sampling with replacement for the actual data and generating loss reserve statistics based on the plurality of simulations.

Abstract: The present invention is a tool including a spatial database and a data warehouse used to track portfolio sites that are affected by weather events, such as hurricanes, earthquakes, wildfires, hail, tornados, or manmade events. A spatial database provides rich spatial geometry features using earth longitude and latitude as a 2-D reference system in spatial system. A insurer portfolio site, which is defined by longitude and latitude data, includes portions that are represented as a point. A weather event is represented as polygon in the spatial database. Based on user configured threshold values, it may be determined when a point falls inside, or on a boundary, of a polygon to identify a site that is affected by that weather event and corresponding reports may be generated, including maps identifying the affected sites and total insured value calculations for the affected sites, in order to gauge risk.

Abstract: The present invention is a tool including a spatial database and a data warehouse used to track portfolio sites that are affected by weather events, such as hurricanes, earthquakes, wildfires, hail, tornados, or manmade events. A spatial database provides rich spatial geometry features using earth longitude and latitude as a 2-D reference system in spatial system. A insurer portfolio site, which is defined by longitude and latitude data, includes portions that are represented as a point. A weather event is represented as polygon in the spatial database. Based on user configured threshold values, it may be determined when a point falls inside, or on a boundary, of a polygon to identify a site that is affected by that weather event and corresponding reports may be generated, including maps identifying the affected sites and total insured value calculations for the affected sites, in order to gauge risk.