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The output of a cat model is an estimate of the losses that the model predicts would be associated with a particular event or set of events. When running a probabilistic model , the output is either a probabilistic loss distribution or a set of events that could be used to create a loss distribution; probable maximum losses ("PMLs") and average ...
Roxar RMS is a reservoir characterization and modeling software suite. It is primarily designed for use in the oil and gas industry , helping engineers gather data from a wide variety of sources to efficiently build reliable reservoirs.
Analyze Re, a software analytics provider for the reinsurance and insurance industries, became a part of AIR's operational domain in 2016, and then Arium, a company specializing in liability risk modeling, followed in 2017. [6] [7] In January 2022, AIR Worldwide transitioned to the Verisk brand and is now Verisk Extreme Event Solutions.
Roxar offered software for reservoir interpretation, modelling and simulation, as well as instrumentation for well planning, monitoring, metering and production optimisation. Roxar was acquired by Emerson Electric Company in April 2009. Roxar developed real-time multiphase flow measurement and instrumentation of wells and data acquisition systems.
Modeled loss: instead of dealing with the company's actual claims, an exposure portfolio is constructed for use with catastrophe modeling software, and then when there is a large event, the event parameters are run against the exposure database in the cat model.
Petrel software was developed in Norway by a company called Technoguide. [1] Technoguide was formed in 1996 by former employees of Geomatic, some of whom were key programmers involved in the early development of RMS. Technoguide made 3D geologic modeling more accessible to all subsurface technical staff, including those without specialist ...
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Interactive process simulation software with support for manufacturing, healthcare and supply chain. 2D and 3D visualization with VR capability Simantics System Dynamics: Free, Eclipse Public License (EPL) Java, Modelica: 2018 Free and open source system dynamics modelling software with stock and flow modelling, hierarchical models and array ...