Napco deploys AIR’s CATStation risk modelling technology

by Gill Montia

Story link: Napco deploys AIR’s CATStation risk modelling technology

AIR Worldwide Corporation, the risk modelling and technology firm, has reported that Napco LLC has expanded its use of AIR’s CATStation.

Napco is a US-based commercial insurance wholesale broker and is now using the technology to assist clients with their catastrophe underwriting decision-making and portfolio management.

Assistant vice president of risk modelling, Ravi Singhvi, explains that CATStation provides Napco with the ability to analyse risks using the same high quality hazard and loss information used by insurers and retail brokers.

The application combines exposure concentration analysis, hazard analysis and policy-level loss analysis into a single web-based solution that will help Napco negotiate the best possible contract terms and conditions on behalf of its clients.

For example, the broker can provide clients with information on how much each location contributes to the overall policy from a loss perspective, as well as whether each location meets such criteria as distance to coast or soil type.

Currently, three of the top five wholesale brokers in the US use AIR models and software in their risk analysis.