Eqecat has released the newest version of its catastrophe risk modeling platform RQE, which includes multiple updates to its country, natural catastrophe, and financial models, as well as the program's work flow and technical integration.
"To create RQE v.13, we brought together some of the best science, engineering and insurance talent and perspectives from virtually every segment and geography in the global re/insurance industry to gain deeper model insight," said Dr. Mahmoud Khater, Eqecat's executive vice president and chief technical officer. "With the release of RQE v.14, we are building on a strong foundation for the future. Our goal is to have the RQE platform become the industry benchmark while continuing to bring greater value to our clients."
Peril updates available on Risk Quantification & Engineering (RQE) version 14 are a new North Atlantic Hurricane Model, exclusion capabilities for areas in Germany predicted to flood more than once a decade, and the addition of a Workers' Compensation sub-peril for its U.S. earthquake risk model.
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