Insurance/Reinsurance

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  • Natural Catastrophe Data and Analytics Exchange (NatCatDAX)

NatCatDAX Project

  • Challanges
Natural catastrophes (Nat Cat) disproportionally affect Asia in terms of economic losses and casualties, which in large part could be attributed to: (i) the low insurance penetration, (ii) low catastrophe (cat) risk awareness in the region, and (iii) in comparison with Western countries (e.g. Europe, US) lack of effective risk transfer mechanisms of the cat risk.
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.