Insurance/Reinsurance

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However data necessary for catastrophe risk quantification in Asia and in SE Asia, is in general poor in terms of availability, accessibility and quality.
  • Implementation
Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance as an association of industry interest group to address the above data and modelling gaps, through an industry-led catastrophe data and analytics platform for Asia Pacific and starting with SE Asia. NatCatDAX is a regional data platform hosting economic exposure and natural catastrophe loss database for South East Asia. GISFY has developed NatCatDAX platform in collaboration with NTU, Singapore.
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  • Conclusion
NatCatDAX is being used by various reinsurance organizations including AON, ChinaRe, MSIG, RenissanceRe, AllianzRe, MunichRe etc.

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  • CalcRe - Reinsurance Treaty Calculator

CalcRe Project

  • Challanges
There is no mobile app for the people who are new to reinsurance industry to understand various reinsurance treaties and various terms used.

  • Implementation
Reinsurance Treaty Calculator is a necessary and useful mobile app for anyone related to the Reinsurance industry.
This mobile app makes your life easier by making complex treaty calculations for you by a simple click of a button.
You can use it for the following treaty calculations.
  • Quota Share
  • Surplus Share
  • Excess of Loss
It also contains basic reinsurance tutorial and glossary of terms used in the reinsurance industry for your reference at any point of time.

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  • ADRFI - ASEAN Disaster Risk Financing and Insurance Program

ADRFI Project

  • Challanges
Create robust data and analytics foundation for better evaluation of risks and support risk advisory, particularly in the assessment of risk financing options. Enhance AMS’ capabilities in developing and evaluating ex-ante risk financing and transfer strategies and risk financing solutions. Strengthen ASEAN’s disaster risk resilience efforts at national, sub-regional, and regional levels.
  • Implementation
The ADRFI-2 program is founded on 3 pillars, Risk Assessment, Risk Financing Advisory, and Capacity Building with ICRM spearheading the first two pillars. ICRM is further developing an ADRFI-2 Web-based GIS Platform with its NatCat databases and built-in analytics that further supports ASEAN-wide efforts toward meeting their Risk Assessment and Risk Financing Advisory needs.
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  • Conclusion
In particular, the Risk Assessment and Risk Advisory work is to enable AMS to actively take stock of their own portfolio of risks exposed to NatCat, assess their own risk bearing capacity, prioritize the risks from national government perspectives, and explore feasible risk financing options for further consideration and eventual implementation.