Catastrophe Event Response demo
When a catastrophe hits, see which programs are hit, how deep, and what notices are owed. 1:16
What the demo shows
An event response solution that shows which programs and layers a catastrophe hits.
The event footprint sits beside every program's layer stack; six agents map each cedant's insured locations to the footprint, apply each treaty's terms, read loss advices and notice clauses, and refill every layer each time a new industry estimate lands, showing the number at which each layer will be exhausted. The CUO signs the loss pick; the claims manager signs every notice.
Transcript
- Catastrophe Event Response shows re-insurers which programs and layers of catastrophe hits.
- Today that takes weeks of spreadsheets, redone for each new estimate.
- Hurricane Delphine hit Florida on Thursday.
- Here is its footprint, beside each layer stack.
- Gulfstar Mutual's insured homes put it at 2.9% of the industry loss.
- Watch the estimates since landfall.
- 14 billion, 22, 26, 31, 34 and a half.
- This morning the index says 38 billion.
- Layer four fills to the top.
- All 14 programs move at once.
- Seven are hit. Agents read every wording.
- For notices are due this week.
- The underwriting chief signs a number she can defend.
- Built on Botminds.
- agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.