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TMCNet:  EQECAT Announces New Catastrophe Risk Consulting Offerings

[November 12, 2012]

EQECAT Announces New Catastrophe Risk Consulting Offerings

OAKLAND, Calif. --(Business Wire)--

Leading catastrophe modeling firm EQECAT and its consulting services group have announced new catastrophe risk consulting services for the re/insurance, financial, and corporate markets.

New portfolio risk analysis offerings include U.S. Flood Portfolio Analysis and Mortgage Impairment Risk Analysis. EQECAT's consulting services group provides flood risk analysis for the United States at the site and portfolio levels based upon the latest flood modeling methodologies. Mortgage Impairment Risk Analysis provides residential mortgage lenders and investors in mortgaged assets with insight into the probability of mortgage default based on the occurrence of natural catastrophe losses.

In addition, EQECAT has added consulting services to allow clients to maximize the value of their catastrophe modeling investment. These consulting services include Model Blending, Integration Services, and Turn-key Solutions. Model Blending combines different views of risk for the same set of peril/exposre (typically from different vendor cat models) or combines different modeled views of risk from independent perils. Integration Services support the integration of the RQE™ (Risk Quantification & Engineering) catastrophe modeling platform within a client's business environment. Lastly, Turn-key Solutions enable licensees to fully utilize EQECAT models and platforms immediately upon installation or upgrade.

Kent David, vice president of consulting services at EQECAT, commented, "These new offerings build on EQECAT's history of providing the market with industry leading insight into natural catastrophe risk. By expanding our array of consulting services, we are able to provide clients with the EQECAT view of risk across additional areas, allow clients to maximize the value of their investment, and help clients set rational expectations about risk."

Learn more about EQECAT's Catastrophe Risk Consulting Services or view the press release.

EQECAT connects re/insurance and financial services clients with the world's leading scientific minds to quantify and manage exposure to catastrophic risk. Leveraging decades of experience, EQECAT's comprehensive methodology is distinguished by a unique treatment of uncertainty that helps clients set rational expectations about risk.

RQE, EQECAT's new catastrophe risk modeling platform, will provide enhanced functionality and user experience with a new financial model, import workflow and user interface. Increased analytical speed, expanded reporting and improved integration capabilities provide clients with increased transparency and faster access to results for 180 natural hazard software models for 96 countries spanning six continents.

EQECAT, Inc., a subsidiary of ABSG Consulting Inc., was founded in 1994 and is headquartered in Oakland, California.

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