29 May 2015 Alternative Risk Transfer

JBA unveils cat modelling platform

Hazard modelling company JBA Risk Management has launched a catastrophe modelling platform aimed at challenging the status quo.

The platform, JCalf 15, was launched today (May 29, 2015) at Lloyd’s and includes multi-peril probabilistic risk models. It allows users to analyse complex insurance terms and conditions, returning all the key loss metrics required in exposure management.

Iain Willis, technical director at JBA, explained that existing cat model coverage can be limited, particularly in emerging re/insurance markets.

He said: “To address this, we've seen a new wave of catastrophe modelling platforms enter the market. They are flexible, client-focused, but most importantly, not burdened by the legacy of the 'black box'. It’s exciting; it gives clients more choice and the innovation is really opening up cat modelling for new players.”

Interestingly, JBA is open to in-house models being used on the platform. Willis said: “We believe that cat model users should be able to choose the platform they use independently of their choice of data.”

French reinsurer Caisse Centrale de Réassurance (CCR) has been using JCalf since 2012.

Laurent Montador, executive vice president at CCR, said: "The JCalf platform has provided a valuable addition to our catastrophe exposure management here at CCR. We have a successful and ongoing collaboration with JBA, and using JCalf allows us to further expand our existing cat model coverage.”


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1 December 2023   Political violence & cyber classes lead growth & oversight; D&O worries down but not out.

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