SCOR selects new cat modeler

The international reinsurer SCOR recently chose EQECAT Inc.’s WORLDCATenterprise catastrophe management software for the assessment of catastrophe risks in 88 countries.”SCOR, like many other insurers and reinsurers, has gone through a re-evaluation of catastrophe models after the last two turbulent years of catastrophic event losses,” Rick Clinton, president of EQECAT, says, “we are pleased they concluded that our platform was a valuable resource in their exposure management process.” The EQECAT risk modeling platform will be used to develop a probabilistic framework for managing SCOR’s global catastrophic risk, according to chief risk officer of SCOR Jean-Luc Besson. “EQECAT provides a platform supporting catastrophe analysis for more than 140 of our peril exposures in 88 countries,” Besson says.