Oakland, California – May 11, 2011 – Previously, EQECAT announced its plans to release WORLDCATenterprise™ 3.16 on June 30, 2011. Additional features and functionality have been added to this release, including updates to the Asia Typhoon Model and improved event loss table outputs. As a result, the release date of WORLDCATenterprise 3.16 will be early July 2011. Version 3.16 will feature updates to the North Atlantic Hurricane Model and the Canada Earthquake Model, including updated industry exposure databases for US hurricane and Canada earthquake. For installations using SQL Server, this release will also include the ability to dynamically connect and disconnect portfolio databases. North Atlantic Hurricane Model EQECAT’s North Atlantic Hurricane Model is being updated to include a high-resolution, detailed time-stepping windfield model that enables computation of wind speeds at latitude-longitude co-ordinates along coastal zones. It will also introduce enhanced treatment of land use/land cover friction within the model, consequently bringing more certainty in modeled results. The release will further include updates to the historical event set , along with corresponding updates to event frequencies. In addition, vulnerability functions for high-rise structures will be updated to account for the vertical distribution of wind speeds, based on EQECAT’s engineering analysis and claims data information. US Hurricane industry exposure database will also be updated in version 3.16. This database provides information on the US insurance industry market exposures affected by the hurricane peril. Exposures are disaggregated by structure type and by line of business at the ZIP Code level. Canada Earthquake Model The EQECAT Canada Earthquake Model will incorporate the latest, fourth-generation hazard model from the Geological Survey of Canada while also ensuring consistent results across the US border. The update will feature custom output formats for integration with regulatory reporting requirements, and a diverse set of historical and hypothetical events for illustrative “what-if” benchmarking. In tandem, EQECAT will release an updated insured exposure database for Canada earthquake. This database provides information on the Canada earthquake insurance industry market exposures and includes policies for earthquake and fire following perils. Exposures are disaggregated by structure type and line of business at the Canadian Forward Sortation Area level. Asia Typhoon Model The Asia Typhoon Model has been updated to allow analysis of wind only and wind and rainfall-induced flooding combined. Analysis run time will be significantly improved for wind only results. Detachable Portfolio Databases WORLDCATenterprise 3.16 will include new functionality to dynamically connect and disconnect databases without disrupting other processes. This feature will allow efficient transmission of data between companies and among stakeholders. Event Loss Tables The WORLDCATenterprise 3.16 release also includes improved event loss table outputs with all stochastic event set reports being written directly to user-accessible databases, including new reports by location. Documentation The release of WORLDCATenterprise 3.16 will include a full suite of documentation for all updates, as well as new documentation for key existing models. Documentation will include: Release Briefings EQECAT will conduct interactive web presentations during 2011 on the following topics:
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