Aon Benfield Impact Forecasting has launched Elements 10, a catastrophe modelling platform designed to enhance strategic business decisions.
According to the Impact Forecasting team, the Elements platform enables them to obtain new insights and manage the catastrophe modelling process from start to finish.
The platform provides users with the flexibility to import various formats, run any implemented third-party model, actively manage accumulations and quantify uncertainty.
It also includes a suite of new and updated flood models for the US, Canada, Malaysia and Poland. In addition, the European windstorm model has also been extended to Austria and the Scandinavian countries.
Stefan Hiemer, natural hazard analyst at Qatar Re, said: “Elements enables us to have full control of model customisation, which gives us the opportunity to adjust the models in regions where we have additional insights and new information through access to the markets.”
