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Risk Assessment Tools from Munich Re
Offers sophisticated models for assessing property and casualty risks, especially pertaining to natural catastrophes. Users can simulate numerous disaster scenarios and assess financial impacts.
Product analysis by function
Catastrophe Risk Modeling for Reinsurance for Reinsurance
Specialized software that assesses natural catastrophe exposures and helps optimize reinsurance purchases based on probable maximum losses and risk tolerances.
More Catastrophe Risk Modeling for Reinsurance
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Hazard & Vulnerability Modeling
(11 Yes /11 Known /13 Possible features)
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Multi-peril Coverage Ability to model multiple types of natural catastrophes, including but not limited to hurricanes, earthquakes, and floods. |
Product supports modeling of various natural catastrophe risks; documentation references hurricane, earthquake, and flood scenarios, indicating multi-peril coverage. | |
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Geospatial Resolution Level of detail in spatial risk mapping (e.g., postcode, address-level resolution). |
No information available | |
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Building Vulnerability Curves Use of vulnerability functions to estimate damage as a function of hazard intensity. |
References to vulnerability curves and loss modeling in product materials imply use of building vulnerability functions. | |
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Secondary Perils Modeling Support for emerging/secondary perils such as wildfire, hail, convective storms. |
Marketing materials mention wildfire and hail assessments, showing support for secondary perils modeling. | |
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Exposure Data Enrichment Ability to enhance client portfolios with hazard zone overlays, construction details, and location attributes. |
Portfolio enrichment via hazard overlays and location attributes is discussed in technical summaries. | |
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Climate Change Scenarios Option to model catastrophe risk under different climate change projections. |
Product documentation and website describe scenario testing for various climate projections, supporting this feature. | |
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User-defined Hazard Scenarios Flexibility to create custom hazard scenarios (e.g., bespoke earthquake ruptures). |
Users can generate and simulate custom disaster scenarios, as outlined in product capabilities. | |
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Event Set Size Number of simulated catastrophic events for probabilistic analysis. |
No information available | |
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Ground-up Loss Computation Calculation of gross (pre-insurance) losses at policy or portfolio level. |
Ground-up loss and pre-insurance calculations are part of standard catastrophe model outputs mentioned in documentation. | |
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Site/Asset-level Analysis Ability to drill down to individual locations or assets in risk evaluation. |
The product allows analysis at both the portfolio and individual asset/location levels. | |
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Hazard Map Visualization Interactive display of hazard intensity overlays on portfolio locations. |
Web interface and reporting modules offer visualization of hazards on maps. | |
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Exposure Aggregation Support for aggregation of exposures by region, peril, or client portfolios. |
Aggregation of exposures by region, peril, or other characteristics described among product features. | |
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Automated Data Cleansing Built-in tools to validate and clean exposure data for modeling. |
Data validation and cleansing tools are referenced for preparing input datasets. |
Loss Modeling & Financial Module
(10 Yes /10 Known /12 Possible features)
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Probable Maximum Loss (PML) Support for calculation of PML at different return periods (e.g., 1-in-100 year event). |
Support for PML calculation at various return periods mentioned in product literature. | |
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Average Annual Loss (AAL) Automated computation of the mean annualized loss across all modeled perils. |
AAL calculation is a standard output for risk and loss assessment. | |
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Loss Exceedance Curves Ability to generate exceedance probability distributions for loss benchmarking. |
Loss exceedance probability distributions and curves are available as output reports. | |
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Insurance & Reinsurance Terms Modeling Modeling of contract terms such as limits, deductibles, sublimits, and layers. |
Allows specification of insurance/reinsurance terms, including limits and deductibles, for modeling. | |
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Financial Structures Flexible module to replicate custom (e.g., multi-layer, quota share) reinsurance structures. |
Module supports creation of customized reinsurance structures. | |
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Correlation Across Perils/Regions Incorporation of peril or region-based correlation in calculations. |
No information available | |
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Cashflow Timing Modeling Ability to assess impact of loss payment timing on reinsurance recoveries and reserves. |
No information available | |
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Net vs. Gross Loss Analysis Comparison and breakdown of pre- and post-reinsurance losses. |
System allows both gross and net loss analysis as part of the financial reporting suite. | |
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Event Loss Tables Export Exportable event-by-event loss tables (ELTs) for reporting or further modeling. |
Reports indicate the system can export event loss tables (ELTs) for further analysis. | |
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Ceded/Retained Loss Output Breakdown of total loss between ceded and retained amount for all modeled events. |
Ceded and retained loss breakdown is standard for reinsurance modeling and reported as such in documentation. | |
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Currency Support Multi-currency modeling and loss reporting capabilities. |
Multi-currency loss calculation and reporting is featured for global insurers/reinsurers. | |
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Tax & Expense Modeling Ability to factor in taxes, commissions, and other policy expenses in loss calculations. |
Supports calculation of taxes and expenses in loss outcomes based on contract terms. |
Reinsurance Optimization Tools
(1 Yes /1 Known /11 Possible features)
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Reinsurance Structure Comparison Automated comparison of multiple reinsurance structures (quota share, XL, aggregate) for efficiency. |
No information available | |
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Program Optimization Engine Tool for recommending optimal reinsurance levels and attachment points based on user objectives. |
No information available | |
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Capital Efficiency Metrics Calculation of metrics like risk transfer efficiency, cost of capital, or marginal benefit. |
No information available | |
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Sensitivity Testing Ability to test impact of varying contract or risk parameters on results. |
Sensitivity testing and scenario adjustments are described among simulation tools. | |
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Retrocession Modeling Support for modeling and optimization of retrocession purchase for reinsurers. |
No information available | |
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Layer Contribution Analysis Quantitative analysis of loss and capital contribution by layer. |
No information available | |
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Simulation Run Capacity Maximum number of reinsurance scenarios or simulations that can be processed per run. |
No information available | |
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Dynamic Pricing Tools Support for pricing reinsurance products dynamically as structures are adjusted. |
No information available | |
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Stochastic Analysis of Reinsurance Costs Simulation of cost variability under different catastrophe load assumptions. |
No information available | |
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Graphical Program Builder Drag-and-drop interface to set up and visualize reinsurance layers and contracts. |
No information available | |
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Portfolio Rebalancing Suggestions Recommendations for rebalancing reinsurance portfolio in light of risk changes. |
No information available |
User Experience & Integration
(5 Yes /5 Known /10 Possible features)
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Web-based Interface Availability of browser-based, device-agnostic access. |
Web-based access described as main mode of system usage. | |
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Dashboard Customization Users can personalize reporting dashboards and save layouts. |
No information available | |
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Multi-user Collaboration Support for concurrent users, document sharing, and change tracking. |
No information available | |
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API Access Availability of APIs for data pull/push and workflow automation. |
APIs for integration and export/import are highlighted as part of advanced workflow support. | |
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Import/Export Options Support for multiple formats (Excel, CSV, Oasis, etc.) for exposures and results. |
Multiple file formats are supported for importing and exporting data, enabling integration with other systems. | |
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Single Sign-On (SSO) Integrates with enterprise identity systems for easy log-in. |
No information available | |
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Third-party Data Integration Easy connection to external hazard datasets, geocoding, or satellite data providers. |
Product description refers to integration with external data sources and hazard datasets. | |
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Batch Processing Ability to set up, run, and monitor multiple modeling tasks in parallel. |
No information available | |
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Audit Trail System tracks user actions for compliance and traceability. |
No information available | |
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Help & Training Resources Contextual help, tutorials, and knowledge bases. |
Offers online help, documentation, walkthroughs, and knowledge base resources. |
Reporting & Visualization
(5 Yes /5 Known /10 Possible features)
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Interactive Risk Maps Zoomable/clickable maps with summary stats and site-level detail. |
Interactive risk maps are shown as demonstration features in product videos and documentation. | |
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Custom Report Builder Create, format, and export customized reports for stakeholders. |
No information available | |
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Regulatory Reporting Templates Pre-configured formats for Solvency II, Lloyd’s RDS, NAIC, etc. |
No information available | |
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Data Visualization Widgets Built-in scatterplots, bar charts, exceedance curve visualizations, and dashboards. |
Reporting suite covers various data visualization widgets including charts and dashboards. | |
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Export to PDF/Excel/Word Direct export of results and reports into common formats. |
Exports to standard document formats are mentioned in marketing and technical docs. | |
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Scheduled Report Delivery Ability to automate distribution of regular updates. |
No information available | |
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Scenario Comparison Views Side-by-side visualization of risk scenarios and outcomes. |
Scenario comparison tools are mentioned in simulation and reporting modules. | |
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Custom Branding Add company logos and style to exported reports. |
No information available | |
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Drill-down Capabilities Users can navigate from high-level to detailed results with a click. |
Results are drillable from aggregate down to specific asset in map/reports per published demos. | |
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Attachment for Documentation Upload supporting documents to analysis/report output. |
No information available |
Performance & Scalability
(2 Yes /2 Known /8 Possible features)
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Processing Speed Average time to complete a modeling run on medium-sized portfolio. |
No information available | |
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Concurrent Job Capacity Number of catastrophe model runs supported in parallel. |
No information available | |
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Maximum Exposure Records Largest exposure dataset size supported per portfolio. |
No information available | |
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Auto-scaling Infrastructure Cloud-based elasticity for scaling compute power with demand. |
Munich Re's offerings are described as scalable and cloud-based, implying auto-scaling infrastructure. | |
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Disaster Recovery Redundancy and disaster recovery measures for system resilience. |
Disaster recovery and business continuity are critical for reinsurance; product claims system resilience. | |
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High Availability SLA Uptime guarantee for critical production systems. |
No information available | |
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Historical Job Logs Access to archived job/output logs for audit and reruns. |
No information available | |
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Data Compression Support for compressing datasets and results for efficient storage. |
No information available |
Data Security & Compliance
(5 Yes /5 Known /9 Possible features)
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End-to-end Encryption Data is encrypted both in-transit and at-rest. |
Munich Re platforms emphasize end-to-end encryption (in transit and at rest) as an information security feature. | |
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Role-based Access Control Restricts user/system access by policy or department. |
Role-based access is mentioned in product security and data protection descriptions. | |
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Multi-factor Authentication Requires multiple authentication methods for user login. |
Multi-factor authentication described as a standard security step in Munich Re's cloud offerings. | |
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GDPR/CCPA Compliance Adherence to international privacy regulations. |
Munich Re states compliance with GDPR and international standards. | |
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Audit Logs Comprehensive tracking of user actions and data access. |
Audit log features for compliance and traceability are listed among security features. | |
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Client Data Segregation Logical or physical segregation of client datasets. |
No information available | |
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Penetration Testing Regular vulnerability assessment and ethical hacking tests. |
No information available | |
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Data Retention Policy Controls Configurable data retention, archival, and deletion settings. |
No information available | |
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Incident Response Plan Predefined process for handling security breaches. |
No information available |
Model Validation & Transparency
(1 Yes /1 Known /7 Possible features)
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Model Documentation Access Full model methodology and assumptions documentation provided. |
Access to detailed documentation and model methodology is referenced for transparency. | |
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Open Model Inputs Ability for clients to review and in some cases adjust model input parameters. |
No information available | |
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Version Control Tracking changes and allowing rollback for model, data, and output versions. |
No information available | |
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Peer Review Tools Support for independent review and annotation of model results. |
No information available | |
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User-defined Validation Tests Ability to run custom tests to validate outputs against known benchmarks. |
No information available | |
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Model Sensitivity Reporting Automated quantification of model and parameter uncertainty. |
No information available | |
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Audit Trail for Models Detailed logs of model changes, runs, and result comparisons. |
No information available |
Model Update & Maintenance
(0 Yes /0 Known /5 Possible features)
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Automated Model Updates Push/pull based updating of hazard and financial models without manual install. |
No information available | |
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Changelog Distribution Transparent distribution of model release notes and update impacts. |
No information available | |
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Backward Compatibility Ability to re-run old portfolios in previous model versions. |
No information available | |
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User Notification of Updates Automated alerts and digest announcements of new releases. |
No information available | |
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Support for Historical Model Versions Ability to preserve and sandbox old model/data versions for regulatory reviews. |
No information available |
Customer Support & Service
(4 Yes /4 Known /7 Possible features)
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Technical Support Coverage Availability of support team during business hours (and optionally 24/7). |
Technical support and customer service are offered as part of onboarding and regular use. | |
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Onboarding Assistance Guided onboarding program for new clients and users. |
Product materials specify that onboarding support is provided for new users/clients. | |
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Training Sessions Regular live/online training, webinars, and best practice workshops. |
Webinars, training sessions, and best practices are regularly organized according to support resources. | |
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Client Community Access Forums, events, and user groups for sharing knowledge and advice. |
There is mention of a client community and user forums for Munich Re software products. | |
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Service Level Agreement (SLA) Formal SLAs for support response times and updates. |
No information available | |
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Premium Support Option Higher-tier support plans for critical clients. |
No information available | |
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Dedicated Account Manager Assigned point of contact for strategic engagement. |
No information available |
Pricing & Licensing
(4 Yes /4 Known /6 Possible features)
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Flexible Licensing Models Annual, usage-based, enterprise, or modular license options. |
Flexible licensing models (annual, enterprise) are described for catastrophe risk modeling suite. | |
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Pay-as-you-go Option Supports pay-per-use with no long-term contract. |
No information available | |
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Free Trial or Sandbox Limited access trial for proof-of-concept or evaluation. |
Free trial or proof-of-concept access is available for qualified prospects. | |
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Transparent Pricing Clear, predictable fee structures without hidden charges. |
Transparent pricing information provided to clients and prospects on request, in keeping with enterprise product practices. | |
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Bundled Model Updates Model/feature updates included in standard license. |
Standard license includes access to the latest model/feature updates as per documentation. | |
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Usage Tracking Tools Dashboards and reporting for monitoring software/data usage. |
No information available |
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