360Value^® CAT Risk Management

A Powerful Tool to Support Catastrophe Risk Management Programs

Many of the data elements needed for replacement cost estimates are the same data elements needed for catastrophe modeling. This makes 360Value ideally suited to capture the detailed, property-specific data needed for effective catastrophe analysis at the policy and portfolio levels.

360Value is the only replacement cost estimator to fully support an insurer’s catastrophe risk management program. It provides:

• A means to capture and a database to store property-specific building characteristics
• Current and reliable replacement cost estimates
• The option to review catastrophe-based average annual losses (AALs) for individual properties before the policy is underwritten
• The ability to export property data and replacement values in catastrophe modeling ready files for portfolio-level catastrophe modeling

Catastrophe Risk Management in Underwriting

With minimal disruptions to current workflow, underwriting departments can provide tremendous value to their organization’s catastrophe risk management program.

360Value includes a built-in connection to AIR catastrophe risk management applications. This enables underwriters to assess probabilistic catastrophe risk on individual buildings before underwriting, improving risk selection, rating, and pricing decisions.

Support Catastrophe Management at the Portfolio Level

Underwriters can also support the enterprise by collecting and maintaining property-specific building attributes and replacement cost estimates. This data is critical for effective catastrophe modeling at the portfolio-level. Property data can be exported from 360Value in catastrophe-ready modeling files.