Products - CatIQ

Products

Through a state-of-the-art platform, CatIQ delivers analytical and meteorological information on Canadian natural and human-made catastrophes.

The CatIQ Platform is comprised of three main parts: Catastrophe Loss Database, Industry Exposure Database, Catastrophe forecasting.

Catastrophe Loss Database

CatIQ’s loss data is displayed alongside the Canadian catastrophe database. This database contains loss information collected directly from insurers, along with meteorological and damage details, for all catastrophes in Canada since 2008. Specific loss data is produced for CATs by province and by line of business. A CAT is as an event that results in more than C$30M of insured loss for the industry.

Loss Estimates

By Province
By Forward Sortation Area (FSA)/high-level CRESTA Zone for events exceeding C$250M

Personal
Commercial
Auto

Physical Damage(PD)
Water/Flood breakdown from PD for personal property
Non-Physical Damage (Additional Living Expense and Business Interruption)

An initial loss estimate is available approximately three weeks after the event and updated at 45 days
Claim types, closed claims and FSA-level (if >C$250M) information available starting from 90 days, and updated at 180 days, 1 year and, if the event exceeds C$500M, 2 years

CatIQ Platform Tools

Bulletin View

where you can view detailed catastrophe event information

CAT and Notable Events back to 2008. A Notable Event is estimated $15-30M and insurers are not surveyed on losses
Advanced filtering options
Meteorological descriptions
Property damage reports
Industry insured loss estimates
Catastrophe Rationales
Export or email bulletin PDFs

CatHUB View

where you can explore the Canadian catastrophe database

Hundreds of photos, videos and articles
Map view with footprints
Export footprint FSA/CRESTA and Postal Code lists, KML files and demographic footprints
Exposure and MDR listed by province and Line of Business (LOB) for each CAT

Query View

where you can filter and view losses by province and LOB

Query industry loss estimates
View all estimates produced on CATs
View loss estimates by LOB (Personal, Commercial, Auto)
View loss estimates by province
Export raw data in .csv or Excel spreadsheet formats

Analysis Dashboard (Single & Multi-CAT)

where you can view charts and benchmark your company on loss estimates by province and LOB

Easy to use graphs & charts for each LOB
Evolution of industry loss estimates
Track average industry claim, estimate development & closing rates
Track CAT impact on Direct Loss Ratios
Compare estimate development for up to 5 CATs (incl. average CAT information)
Companies can benchmark industry data with their own losses
Export PDF reports

Methodology

CatIQ collects data directly from insurance companies writing business in Canada. Data provision is based on a contractual agreement between CatIQ and each of the data-providing insurance companies. CatIQ aggregates the submitted company data and then extrapolates to the industry-level using market share information. The calculated industry event loss is made available on the CatIQ Platform.

Subscription

Access to CatIQ's Catastrophe Loss Database is available through an annual subscription to the CatIQ Platform.

Industry Exposure Database

CatIQ’s Industry Exposure Database (IED) includes annually updated total sums insured information. The IED follows PERILS AG’s globally recognized methodology and uses a ground-up approach by collecting information directly from insurers to produce industry exposures for all of Canada.

Exposure Details

By Forward Sortation Area(FSA)/high-level CRESTA Zone

Personal
Commercial
Auto

Building/Vehicle Value
Contents Value
Additional Living Expense/Business Interruption Value

Updated annually in the spring

CatIQ’s Exposure Platform Tools

Exposure Query

where you can view detailed exposure information

Industry exposure by FSA/CRESTA, by peril and by LOB
Filter data in exportable tables
Participating insurers can quickly benchmark their exposure to the industry

Event Loss Query

available for events where the loss >C$250M

Event loss and mean damage ratio by FSA/CRESTA, by peril and by LOB available at 90 day, 180 day, 1 year and, if loss >$500M, 2 year
Filter data in exportable tables
Participating insurers can compare their losses to the industry's

Exposure Map

where you can view exposure variables on an interactive map

View company, industry exposures in a map
View the exposure under forecasted catastrophe footprints
Participating insurers can quickly compare themselves to the industry's exposures

FSA Groups

where you can customize your geographical area of interest

Create your own FSA groups to view in Exposure & Loss Queries and the Exposure Map

Methodology

Subscription

Access to CatIQ's Industry Exposure Database is available through an annual subscription to the CatIQ Platform.

Catastrophe Forecasting

CatIQ subscribers receive alerts of potential property damage events, giving stakeholders critical information on the expected location and magnitude of an event, up to three days in advance.

CatIQ’s catastrophe forecasting service lets you get the jump on natural disasters, enabling you to ready your teams and resources. Up to three days in advance, you can access the following:

Detailed information on the expected types, timing, and extent of potential damage

Map view with a footprint of expected damage extent

Curated Twitter feed of damage (available for high-risk forecasts)

External data feeds: current weather, alerts and outlooks, earthquake, hurricane, water level, and wildfire information

Exposure by risk layer and Mean Damage Ratio (MDR) calculator (available to users with an active IED subscription)

The CatIQ platform also allows you to further interrogate the data, giving you the ability to:

• Export geographic footprints, FSA, and postal code lists by risk layer forecast
• Run forecast footprints through your organization’s scenario loss model
• View industry and, for users with active IED subscriptions, company exposures for the forecasted areas of concern

The CatIQ platform is updated with the latest information during active catastrophes and notable events, allowing users to quickly understand the scope of the event including expected call centre demands, and expectations for your policyholders. This information helps users to set reserves, communicate with reinsurers and other stakeholders, and monitor internal progress of components such as payouts, ALAE spending, and closing rates relative to industry.

Subscription

Access to CatIQ's Catastrophe Loss Database is available through an annual subscription to the CatIQ Platform.

Industry Loss Index Service

CatIQ is designed to be used as an industry loss index, trigger, and independent CAT designator for Cat Bonds, ILS, ILW and other instruments.

CatIQ is designed to be used as an industry loss index, trigger, and independent CAT designator for Cat Bonds, ILS, ILW and other instruments. The underlying data for the index corresponds to the loss data collected for the CatIQ Industry Loss Database and is consistent with PERILS AG’s globally recognized methodology.

You can read more about the methodology behind this product at PERILS AG’s site, here.

Subscription

Access to CatIQ’s Platform is available through an annual subscription.