Technology in Insurance ALL IBR | Technology in Insurance Technology in Insurance Home |News |White Papers |Suppliers |Companies Return to: IBR Home | Technology | Technology in Insurance Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Technology in Insurance News Fermat Capital to use EQECAT's RQE v. 13 catastrophe modeling platform IBR Staff Writer Published 10 May 2013
Connecticut-based specialty investment management firm, Fermat Capital Management has inked a licensing agreement with EQECAT for use of its Risk Quantification & Engineering (RQE) version 13 catastrophe modeling platform.
As part of the agreement, the RQE catastrophe modeling platform will be used by Fermat Capital for management of risk in their growing Insurance-linked securities (ILS) investment portfolios over the next three years.
Launched in January, RQE v. 13 enables re/insurers and ILS investors to quantify and manage the potential financial impact of natural hazards.
Fermat Capital co-founder and managing principal John Seo said the new RQE platform combines many desirable features from across all commercial modeling platforms, and represents a breakthrough in granularity and transparency.
''We would expect every catastrophe risk manager with a significant risk book to give RQE a serious evaluation and many to license it after seeing what it can do,'' Seo added.
EQECAT president Paul Little said, ''The decision to add RQE to their robust analytical platform is a gratifying validation of the transformative effort we at EQECAT have put into the creation of this new platform.''
The new catastrophe risk modeling platform offers improved functionality and user experience with a new financial model, import workflow, and user interface.
Fermat Capital currently manages $4.3bn in catastrophe bonds.
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Related Dates
2013> May
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Technology> Vertical Industry> Financial Services> Insurance
Financial Services> Insurance> Non-Life Insurance> Personal Insurance> Property> Natural Calamities
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