at Financial Technnology Year
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Extreme Event Solutions
from Verisk
Designed to predict potential losses from catastrophes, Verisk's Extreme Event Solutions provide insurers with robust modeling capabilities and real-time data to understand and manage risk effectively.
Category:
Catastrophe Modeling Software
in:
Underwriting
Specialized applications that simulate and predict the potential impact of natural disasters and catastrophic events on insured properties and portfolios. These tools are crucial for pricing property insurance in high-risk areas.
Analysis on right >
Catastrophe Modeling Software analysis
Support, Training, and Vendor Reliability
(7 Yes /7 Known /10 Possible features)
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1. Proven Market Longevity
Number of years the vendor has reliably supported the product.
No information available
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2. Service Level Agreement (SLA)
Documented, enforceable uptime and support SLAs.
Verisk offers Service Level Agreements for uptime and support as part of contracts.
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3. Custom Training Program Availability
Offers training tailored for client roles or workflows.
Custom training programs are available to enterprise clients.
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4. Average Support Response Time
Mean response time for support tickets.
No information available
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5. Client/user Community Platform
Online forum or community for peer-to-peer support.
User/customer community for feedback and peer support is advertised.
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6. Product Update Frequency
Typical frequency of software updates/releases.
No information available
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7. Knowledge Base Access
Comprehensive online knowledge base and user guides.
Extensive online knowledge base and support user guides are available.
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8. Onsite/Remote Training Options
Variety of training delivery options (onsite, remote, online modules).
Remote and on-site training options are offered as part of professional services.
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9. Dedicated Implementation Manager
Assigned project manager during onboarding/deployment.
A dedicated implementation manager is assigned for onboarding/large client projects.
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10. 24/7 Support Availability
Round-the-clock technical and customer support.
24/7 support for enterprise clients is an advertised service.
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Security and Compliance
(7 Yes /7 Known /10 Possible features)
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Integration and Extensibility
(6 Yes /6 Known /10 Possible features)
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Speed and Scalability
(3 Yes /3 Known /10 Possible features)
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Model Transparency and Validation
(9 Yes /9 Known /10 Possible features)
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Reporting and Visualization
(8 Yes /8 Known /10 Possible features)
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User Experience and Accessibility
(5 Yes /5 Known /10 Possible features)
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Financial Modeling and Analysis
(9 Yes /9 Known /10 Possible features)
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Exposure and Portfolio Management
(8 Yes /8 Known /10 Possible features)
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Hazard and Peril Modeling
(6 Yes /6 Known /10 Possible features)
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Data Integration and Import
(8 Yes /8 Known /10 Possible features)
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Publicly available data, summarised using AI.
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