Legacy accumulation modeling now available in Oortfolio®!
Latency. It is the reason casualty underwriting and accumulation management is such a challenge. Take workers and consumers who were exposed to harmful effects of a commercial activity in the past – the harm might not manifest and a lawsuit might not be filed until years later. That means occurrence policies written in the past are still very much in play today. Asbestos, anyone?
These complex exposure and litigation dynamics are at the core of Praedicat’s casualty catastrophe model. Praedicat looks to the science to estimate exposure to hundreds of emerging risks and the likelihood of litigation for every account and every policy year: past, present, and future. The result? The industry’s only forward-looking, science-based event set capable of estimating accumulations of latent risks in casualty portfolios.
And we are pleased to announce that Praedicat’s accumulation management application, Oortfolio, now makes analyzing legacy casualty accumulations easier than ever:
- Upload portfolios of in-force and legacy casualty policies characterized by inception and expiration dates, form, limit, attachment, treatment of defense costs, and exclusions
- Explore emerging risk drivers of expected and tail losses in these in-force and legacy portfolios
- Use detailed model output to analyze the distribution of probabilistic losses by policy year and other policy characteristics
Let’s make your latency challenges a thing of the past!
To learn more information about Praedicat’s COVID-19 tool combination click here. Interested in learning more about our COVID-19 tool combinations? Message us here.
Have questions? Get in touch with one of our Account Manager team members.