Client Testimonial by Oak Tree

Tanus Bot, Actuarial Analyst – Team Leader, Oak Tree Intermediaries (Pty) Ltd.

What kind of challenges does CatNet help solve?

RI brokers know that tools able to handle catastrophe modelling are hard to come by. Dealing with natural catastrophe risk, accumulations and event limits as it does, CatNet provides the solution.

Which of CatNet's functionalities do you find especially helpful?

CatNet is a tool for multiple risk locations – it can interpret our clients’ addresses, deal with non-matches and then map all the locations for a quick scenario-based analysis of our clients’ exposure. Combined with all the natural peril data CatNet provides, makes it an especially useful tool.

How does CatNet help you to achieve a better outcome when it comes to natural hazard protection?

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. And it helps us use reinsurance to combat the effects of these potential accumulations in terms of event limits or the adequacy of our reinsurance limits.

What would you say to someone considering using CatNet?

I'd definitely recommend it to them. We've been working with CatNet since the get-go and the current offering is a beautifully simple solution for assessing and dealing with natural catastrophe and accumulation risk.

How was your experience working with Swiss Re as a solutions provider?

They're one of our most highly valued partners – they're willing to work through issues like no other reinsurer.  Swiss Re are willing to listen and work together to solve all our clients' risk needs. It's never a "my way or the highway" solution with Swiss Re. This kind of relationship is an absolute must for us.

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