CatIQ, a provider of catastrophe loss and exposure information in Canada, has implemented a series of new features for their platform, including the introduction of several visualisation tools.
Established in 2014, CatIQ collects data from the majority of the Canadian re/insurance market and provides an independent Industry Exposure & Loss Database for the region.
It is primarily used by re/insurers, insurance-linked securities funds, intermediaries, and modellers for market benchmarking, cat risk model validations, and as triggers in industry-loss-based risk transfer products.
CatIQ’s latest platform enhancements introduce additional tools for the visualisation of pre and post-catastrophe information and the Industry Exposure Database (IED).
Upgrades include a series of new data feeds from external sources including radar and cloud cover; earthquakes; hurricanes; water levels; wildfires; significant weather outlooks.
“Through our CatIQ platform, we aim to provide a one-stop-shop for catastrophe information,” said Laura Twidle, Managing Director at CatIQ.
“Having swift access to a wide range of information to help make informed decisions is critical to all industry stakeholders, and we believe that these platform enhancements enable exactly that.”
