Master the Art and Science of Catastrophe Risk Management with CATography™

These are challenging times for the property/casualty industry. Devastating hurricanes, tornadoes, hailstorms, floods, droughts and wildfires are more frequent and costly. Rapid climate change and terrorist threats are major concerns. As underwriting and marketing property/casualty products have become riskier, insurance companies need tools that can help them make better decisions.

Towers Watson is pleased to introduce CATography™, our next-generation suite of mapping tools. CATography, combined with our expert catastrophe modeling capabilities, helps you define and implement a catastrophe risk management strategy tailored for your organization. And because of our extensive background in catastrophe management, we can assist you from the very beginning — from data collection and assessment through implementation and monitoring.

CATography combines robust mapping functionality with unmatched flexibility. Advanced mapping capabilities typically require a steep learning curve, but CATography delivers sophisticated metrics without the need for significant training, which means that you can start working right away. Our product suite includes three applications focused on key catastrophe management functions: risk management, underwriting and claims.

Catography™ Risk Manager

Managing and balancing catastrophe risk in an insurance portfolio is a challenging job, and it’s getting more complex. Meanwhile, underwriting risk managers must achieve a better risk balance in their portfolios to reduce the dependency on reinsurance and increase capital efficiency.

Towers Watson’s CATography™ Risk Manager helps guide strategic planning by providing aggregate totals by region for a variety of data, including exposures, premium and loss. For a more targeted analysis, you can filter out certain types of risks or zoom in on key data items for a single address. The software can also help you query insured values within the radii of known terrorist locations, showing aggregate zones and total insured values. Users can import any spreadsheet or database that contains a geographic reference (i.e., address, ZIP code, county, latitude and longitude). CATography Risk Manager can help you manage your risk portfolio with greater precision and control.

Catography™ Underwriter

The ability to accurately evaluate a risk before you decide whether to write it is key to effective risk management, but deciding what to cover has never been more challenging. In fact, large concentrations and higher reinsurance costs in hurricane-prone coastal regions have led some large national carriers to withdraw from select markets. Towers Watson’s CATography™ Underwriter provides underwriters with the tools they need to make well-informed decisions.

Simply enter an address into this Web-based application to view a property and evaluate the potential catastrophe exposure. In addition to obtaining standard location views, you can access high-resolution satellite and aerial imagery. CATography Underwriter also reviews a risk against various underwriting guidelines such as modeled loss estimates, distance to coast, flood risk, soil type, crime demographics or other hazards that could result in a claim against your business.

CATography can access critical information that will help you manage your capacity more effectively. Before you underwrite a new risk, let CATography Underwriter help guide your decision.

Catography™ Claims

When disasters occur, companies must focus considerable attention on helping their policyholders. Towers Watson’s CATography™ Claims identifies affected policyholders by accessing real-time disaster information in map form. Using your Internet browser, CATography Claims can show recent events or plot alternative paths for an oncoming hurricane — so you get a real-time update of the value of insured properties threatened by a storm.

CATography Claims can also be used to meet management’s demands for accurate loss estimates. Because it applies your data in a real-time setting, CATography Claims can help you understand a range of possible scenarios so you can provide a clearer picture and set realistic expectations.

Catastrophe Risk Management With Catography™

Towers Watson CATography: efficient, customized and backed by Towers Watson’s property/casualty expertise.

• All three of the products in Towers Watson’s CATography suite share a common platform provided by Microsoft. Having a common platform allows us to provide users with very flexible tools, access to real-time spatial data and live Web services.
• Because each company’s needs are unique, our clients appreciate a solution that is easy to use and can be customized for multiple users in their organization. Risk management, underwriting and claim functions all have different demands and skill sets that require varying levels of detail and information — which makes a single solution overly complex and difficult to use. Our clients appreciate separate functionalities that they can apply to specific issues. We partner with them to develop tailored solutions that are just right for their needs.
• In addition to CATography’s unrivaled mapping and exposure analysis technology, you’ll get a partner you can trust. We know insurance, and we know catastrophe management. So we don’t just deliver a box and walk away. We’ll be there to help you weather every storm.