Catalyst Cat Modeling Software Adds Dynamic Portfolio Optimization; Software enhancement enables users to model and optimize property portfolios.Business & High-Tech Editors DALLAS--(BUSINESS WIRE)--Oct. 2, 2001 Benfield Blanch blanch to become pale. , part of Benfield Group Benfield Group Limited is a reinsurance and risk intermediary based in London, England. It has been listed on the London Stock Exchange since June 2003 and is a constituent of the FTSE 250 Index. , today announced the addition of state-of-the-art Dynamic Portfolio Optimization to its market-leading Catalyst(R) catastrophe modeling
Using Catalyst/DPO, clients can optimize the risk/return profile of their property insurance portfolio. It is the first software of its kind. "Catalyst/DPO takes catastrophe modeling to a completely new level," explained William Ashley This article is about the 19th century economic historian. For the U.S. Representative from Missouri, see William Henry Ashley. Sir William James Ashley (1860-1927), was an influential economic historian, operating in the latter part of the 19th century and the early 20th , Executive Vice President. "In addition to providing a clear picture of a client's overall exposures, it enables insurers or reinsurers to maximize earnings while minimizing volatility - an extremely valuable tool in a hardening market." Catalyst/DPO analyzes portfolios to identify individual risks that account for a disproportionately large amount of risk relative to their contribution to underwriting profits Underwriting profit is a term used in the insurance industry. It consists of the earned premium remaining after losses have been paid and administrative expenses have been deducted. It does not include any investment income earned on held premiums. . It also selects prospective risks that represent an optimal fit to the existing portfolio. The key to maximizing a portfolio's profitability is a comprehensive analysis that reviews the risk adjusted return of every location in the portfolio. Analytical tools now made obsolete by Catalyst/DPO simply look at rate adequacy or contribution of average annual expected loss of each risk. Using these older methods of analysis can actually decrease a portfolio's return by reviewing risk in only one or two dimensions. Since optimization requires the analyses of all individual risks, as well as their inherent correlation to the portfolio, the process demands massive amounts of data, calculations and computing power. However, a technology breakthrough in the Catalyst/DPO algorithm now makes it possible to run the software efficiently and quickly using the Catalyst desktop model. "We want to be the best at delivering property risk management solutions," said Rod Fox, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Benfield Blanch. "Using Catalyst/DPO as a tool, we can bring practical solutions to real problems for our customers." Since 1987, Benfield Blanch has set the standard for utilizing technology as a tool to assist companies in managing their catastrophe exposure. Being the first to offer this product is the most recent example of combining the latest science, financial modeling and software technology in a comprehensive solution for the market place. Notes To Editors: Benfield Blanch Benfield Blanch is part of Benfield Group, one of the leading reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. intermediaries in the world. Headquartered in the UK, it provides a range of specialist reinsurance, insurance and risk advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to a global customer base. In May 2001, the merger was completed between Benfield Greig and EW Blanch, one of the leading US integrated risk management and distribution service providers. The combined company, the largest privately owned reinsurance intermediary in the world, had pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma revenues of US$410 million in 2000, a global presence in more than 30 offices world-wide and over 1,700 employees. The combined Group's US operations have been renamed Benfield Blanch, and the UK holding company has been re-named Benfield Group plc. Benfield Greig remains the trading name for the reinsurance broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. operation outside of the US. The Group also owns a number of non-reinsurance businesses. Among these, Benfield Sports International provides consultancy services in sports sponsorship and event management, specializing in motorsport, while Wildnet New Media Group specializes in the creation, marketing and management of interactive trading websites. |
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