CatNet® - Our proprietary location intelligence tool
Online natural hazard atlas for efficient, accurate underwriting and risk management.
In 2024, natural catastrophes resulted in economic losses of USD 318 billion. Contemporarily, the (re-)insurance industry is confronted with many challenges in the context of natural catastrophe risk assessments, such as lack of high-resolution hazard information to assess P&C risk or solve related issues, the absence of solutions for accumulation control in secondary markets, unavailable data sets, no solution to combine geo-related data from different sources in a standalone application and inefficient underwriting processes.
WHAT WE DO Evolve your risk mitigation strategy with location intelligence data
We offer a range of tools in the context of property and NatCat. CatNet® is your tool of choice for swift overviews and assessments of natural hazard exposures worldwide: It assesses the risk by combining hazard, loss, exposure and your insurance information with selected background maps and satellite imagery. Use maps and data about climate change, catastrophic event impact, population density and more to support your daily work. The tool is browser-based and ready to use.
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If we avoid one loss, we have more than paid for CatNet® Premium. If we avoid one catastrophic loss, we have paid for CatNet® Premium for the rest of my career.
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We’ve updated our underwriting guidelines to be in line with CatNet® features and as a result our loss ratios have really improved.
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CatNet® allows us to generate natural hazard reports for our clients and do deep dives into their policy data. Among other benefits, it means we can see risks on the same flood-line as well as those that could potentially be affected by the same fire event. Passing this data on to our clients enables them to stay on top of their accumulations.
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CatNet® Premium is not just focused on insurance but rather extends to exploring questions like: what do we do to mitigate risks posed by exposures to natural hazards and how do we prepare ourselves? What's the impact on us from a financial standpoint? And how will that affect the balance sheet?
