This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

WTCI Expands Catastrophe Risk Modeling And Consulting Services

SAN FRANCISCO, May 15, 2013 /PRNewswire/ --  Wholesale Trading Co-Op Insurance Services, LLC (WTCI) has enhanced its Catastrophe Risk Modeling and Consulting Services. WTCI has added Risk Management Solutions catastrophe modeling software to the foundation of its risk modeling services and solutions. In addition, risk modeling professional Bruce Norris, a WTCI director, recently enhanced his personal consulting capabilities by earning the Certified Catastrophe Modeler (CCM) designation from the AIR Institute.

The AIR Institute's Certified Catastrophe Modeler Program is a comprehensive course created to meet the risk management and insurance industry's growing need for skilled catastrophe risk modelers and managers. Those who successfully complete the course and the final exam earn recognition and certification as a Certified Catastrophe Modeler (CCM).

AIR Worldwide founded the catastrophe modeling industry in 1987 and today models the risk from natural catastrophes and terrorism in more than 90 countries. More than 400 insurance, reinsurance, financial, corporate, and government clients rely on AIR software and services for catastrophe risk management, insurance-linked securities, detailed site-specific wind and seismic engineering analyses, and agricultural risk management. WTCI initially licensed AIR's modeling software on a worldwide basis in 2011. 

The addition of Risk Management Solutions' software gives WTCI the enhanced ability to evaluate results from both predictive models and to blend probable outcomes for a broader and more accurate analysis of catastrophe risk.

Reinsurers, the Insurance Services Office (ISO) and Homeland Security, use AIR extensively. Retail insurance carriers in the standard insurance marketplace most frequently use RMS, although blended results from both models are now being utilized with increasing frequency.

According to John Jennings, WTCI's President and CEO, "We must always invest in advancing technologies. This helps our members and their insureds make highly educated decisions and obtain the very best results from the marketplace. This is another important step in maintaining that standard."

WTCI offers comprehensive analysis of the following catastrophe perils:

  • Earth Movement
  • Windstorm / Storm Surge
  • Winter Storms
  • Severe Convection Storms - including thunderstorm, tornado and hail
  • Terrorism

"Once used as a tool in the underwriting and evaluation process, catastrophe modeling now drives a large portion of the underwriters' results," states Norris. "From a brokerage perspective, catastrophe modeling is a major topic on almost every renewal. As a broker and consultant, WTCI utilizes CAT modeling for marketing, premium negotiation, and determining CAT sublimit adequacy. It is also used for designing program structure, analyzing coverage options and helping clients to make informed purchasing decisions."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs