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Catastrophe Modeling for Insurance

Outsource Catastrophe Modeling for Insurance

Manage risks, constantly monitor, and assess the insurance approach with Outsource2india's catastrophe modeling services

Are you struggling to assess the risk of a catastrophe by using a stochastic approach to analyze the after-effects of huge rare events for which you might not be prepared? Are you looking for a service provider who can help you assess, monitor, and manage risks from all sources? Then, it is the best option for your firm to outsource CAT modeling for insurance to an experienced service provider.

Outsource2india has been a pioneer in providing quality CAT modeling for insurance services and can be your one-stop-shop for all your catastrophe modeling for insurance needs. By outsourcing catastrophe modeling for insurance to us, you will not only be prepared for the huge rare events but also save on costs and time.

Catastrophe Modeling for Insurance Services We Offer

Having been catering to the needs of the insurance industry clients for over 19 years now, we have gained enough experience to deliver the best services within a quick time. Our team comprises some of the most talented and qualified insurance experts who strive to understand the client's requirements. Some of the key CAT modeling for insurance services we offer include -

  1. Portfolio and Accounting Modeling
  2. Natural Catastrophe and Terrorism Modeling
  3. Exposure Profiling and Lost Report Generation
  4. Application of Reinsurance Programs
  5. Automation to Expedite Repetitive Processes
  6. Raw Data Scrubbing
  7. Personal/Industrial/Commercial/Work Comp/Life
  8. Conversion projects Across Proprietary Models
  9. Accumulation Management

Our team has been trained and is highly experienced in using a plethora of catastrophe modeling tools and technologies including, but not limited to -

  1. RMS - RiskLink, RiskBrowser, PTM
  2. CoreLogic - RQE
  3. AIR - TOUCHSTONE, CLASIC/2, and CATRADER
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Insurance Software we use

Vertafore Nexsure Aspire InsurancePro HawkSoft Agency Matrix Applied Agency Management Newton Agency Solution Agency Systems Insly SEMCAT A1 Tracker Jenesis Agent & Broker Software (ABS) SIBRO 1app - C2MS Insurance Software AgencyIntel QQCatalyst Board EverString Halo IBM SPSS Infer Insurance Analytics Radius SAS Advanced Analytics Statistica Decisioning Platform A1 Tracker ClickClaims PLEXIS payer platforms Record360 Virtual Claims Adjuster Bitrix24 Commission calculator CommissionsEZ CommissionTrac EvolveSPM GoalPost GreenWave Iconixx Incentive SPM inLOGIC.ca Advanced Insurance System Caseblocks Cases CRM Claims Manager DocuPhase HealthQx HEALTHsuite INSIS PCRS QUICK CAP Intuit QuickBooks Billbooks MYOB Invoice Studio Tradeshift Sage CheckMark MultiLedger Invoicera

Catastrophe Modeling for Insurance Process We Follow

Having been one of the leading providers of catastrophe modeling for insurance services, and believe in providing our clients with the best quality services in a short time by leveraging a streamlined and systematic process. The key steps involved in our catastrophic modeling process include -

Event Generation  

01. Event Generation

In the first step, simulated events capture the severity, frequency, location, etc. of all the plausible catastrophes

Intensity Calculation  

02. Intensity Calculation

For each of the simulated event, the intensity of the catastrophe is calculated at each site

Exposure Data  

03. Exposure Data

The various pieces of information such as replacement value, property, and other physical characteristics are input into the model

Damage Estimation  

04. Damage Estimation

In this step, the physical damage is calculated for each of the exposed sites

Insured Loss Calculation  

05. Insured Loss Calculation

The insured losses are estimated by applying the policy terms and conditions

Other Service You Can Benefit From

Why Choose O2I for Offshore Catastrophe Modeling for Insurance?

Outsourcing catastrophe modeling for insurance to us can give you access to a series of benefits. Some of the key reasons for you to choose us include -

  • Flexible Pricing

    We provide our clients with highly affordable pricing options which will suit their budget and they have to pay only for the modeling services they opt for

  • Information Security

    O2I is an ISO 27001:2103 ISMS certified organization which will ensure that all your insurance data, policy data, client data, etc. are completely safe

  • Quick Turnaround Time

    We have multiple delivery centers across the globe which enable us to deliver quality services within a quick turnaround time

  • Experienced Catastrophe Modeling Experts

    Our team comprises of well-experienced catastrophe modeling experts for insurance who have over 100+ man years of experience in this domain

  • High-quality Services

    We are an ISO certified organization which ensure that the services we deliver are of the best quality and completely error-free

  • Best Infrastructure

    We have access to the best infrastructure in terms of the latest catastrophe modeling tools and technologies and international-standard office spaces

  • Single Point of Contact

    We assign a dedicated project manager to every client who will be the single point of contact for all your needs and will keep you updated about the project status

  • 24/7 Availability

    Our sales teams and project managers will be available at all times to cater to any of your needs and resolve any issues

  • Ease of Scalability

    We have the required bandwidth and resources to easily ramp up the service requirement as and when the client needs it

Client Success Story

O2I Provided Insurance Back-office Solutions to Insurance Company

Insurance Back-office Solutions to Insurance Company

A leading insurance service provider was looking for a partner who could help them with insurance back-office solutions. Our team provided them with the services within a quick time.

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O2I Provided Back-office Operations for Miami-based Client

Back-office Operations for Miami-based Client

A leading Miami-based client was looking for a partner who could assist them with back-office service for insurance. Our team provided the services within a quick time.

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Outsource Catastrophe Modeling for Insurance to Outsource2india

Outsource2india has been a leading provider of catastrophe modeling for insurance in India and a series of other insurance BPO services to its global clientele. We have a team of highly qualified and skilled catastrophe modeling experts who can deliver services within a quick time without compromising on the quality. We leverage the latest catastrophe modeling tools and technologies and have state-of-the-art infrastructure to handle any of the client's requirements.

If you are looking for a reliable, effective, efficient, and cost-effective catastrophe modeling service provider, then you have come to the right place. Get in touch with us today!

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