We have tools and procedures for collecting raw exposure data and further services such as cleansing, reformatting, disaggregation, mapping to vulnerability functions and converting to industry standards such as OED.
CATRisk® has developed industry expsoure files for many countries and could help to compile nation-wide exposure database for various region using built environment data collection from various national and international statistical offices and built environment data suppliers. CATRisk® has developed tools and procedures to collect and process good quality exposure data for catastrophe risk management measures.
Exposure data collected for risk assessment need to be verified and validated to assess the completeness and reasonability of property locations, building characteristics, and replacement values. Among many tools and application, GIS-based tools and techniques are widely used for such process. This service also includes cleaning and formatting raw exposure data to remove anomalies and prepare standard exposure data files to be used in catastrophe loss models. Our services include data review and validation process in order to ensure that the modelled exposure database accurately represent company's portfolio of risk.
Geo-referencing is an important step in processing built environment data and preparation of exposure database for loss calculation. We could help our clients to geocode tabular data in order to assign geographical location and zoning based on various detailed and aggregate administrative boundary systems. We could also provide tools and databases for proper disaggregation of aggregated exposure file for various lines of business and risk types.
This service includes assignment of financial asset values as well as characterisation of exposure data by their vulnerability types. Exposure databases used in cat risk models should contain certain information such as risk-location, replacement value, building taxonomy and other building and risk characteristics. We could help our clients to test, verify and identify any inconsistency on the location, vulnerability or valuation.