I N D U S T R Y P R I O R I T I E S Keeping up with top-of-mind executive concerns
Keeping Up With Changing
CAT Modeling Technology
Insurers need to account for rapidly advancing technologies to
optimize their catastrophe risk models. By Bob Violino
Perhaps no facet of ins- urance technology changes faster than that which sup- ports catastrophe models. With research science
and modeling capabilities advancing so
rapidly, keeping abreast of the changes
and building them into underwriting
practices is vital. Indeed change is one of
the few constants in the market.
In August, Newark, Calif.-based
Risk Management Solutions (RMS)
announced it will bring high-perfor-mance computing to CAT modeling
through its new Enterprise Grid Computing software.
Enterprise Grid Computing, which
integrates the RMS RiskLink modeling
platform with Microsoft’s Windows
HPC Server, enables computing re-
sources to be used much more effi-
ciently, with more flexible job and
resource management and faster anal-
ysis run times providing deeper in-
sight into modeled results.