EQECAT Model Submission - Florida State Board of Administration

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The Florida Commission on Hurricane Loss Projection MethodologyGeneral Standardsproducer, account, policy or site). Profiles of the deductibles and limits in theportfolio can also be displayed.Scenario Storms. Damage (ground-up effects), gross loss (includingdeductibles and limits), net loss (including facultative reinsurance) can bereported at all of the levels noted in the underwriting reports. Mean valuesand an upper bound corresponding to a prescribed non-exceedance level areprovided.Probabilistic. In a manner similar to Scenario Storms, the damage, gross loss,and net loss can be reported, including non-exceedances. Additional reportsdisplaying portfolio damage and loss for different non-exceedance levels, foreither annual aggregate or per occurrence analysis methods, are available.Reinsurance. Scenario and probabilistic results are displayed by reinsurer(including facultative reinsurance) or by treaty. Probabilistic results include theprobability of penetrating and exceeding treaty layers.Landfall Series. An abbreviated set of reports is available from running aseries of storms against the portfolio. The series of storms can be either ofuniform intensity (as denoted by the SSI scale) or uniform recurrence levels.The storm series can have landfalls at 1, 10 or 35 mile intervals.Probability DistributionsIn many instances, probability distributions have been developed fromhistorical data (e.g., storm parameters such as radius to maximum winds,forward speed, etc.) and vulnerability functions. Goodness-of-fit tests havebeen used to compare modeled distributions of various parameters with theunderlying historical data.Sensitivity and Uncertainty AnalysesMany sensitivity and uncertainty analyses have been performed in thedevelopment of USWIND. For example, sensitivity analyses have beenperformed on track spacing; on the number of attack angles given landfall; onthe number of wind speed class intervals given landfall and attack angle; andon the number of other storm parameter samples used in the stochastichurricane database. A number of uncertainty analyses have been performedas well, including studies on the impact of vulnerability uncertainty on the lossexceedance curve.16
The Florida Commission on Hurricane Loss Projection MethodologyGeneral StandardsSoftware/Hardware - Risk Quantification and Engineering TMThe requirements for the Risk Quantification and Engineering TM (RQE)hardware configuration consist of a Master Server and one or more AnalysisServers.Applications running on the Master Server include the Master database, theWeb Server, and the Java Server. EQECAT processes, including theimporting of portfolio data and some analyses also run on the Master Server.Master database: Contains RQE System tables, customer portfolio data, andfinal analysis results.Web Server: Handles communications between the remote Client PCs andcommunicates with the Java Server.Java Server: Manages the activities performed on the Master and AnalysisServer(s) and the Master and Results Databases.The Analysis Server houses the Results Database, containing theintermediate results tables, and runs most of the analysis calculations. RQEusers access the Master Server via Internet Explorer web browserscommonly installed on the Client PCs. The Client PC may access the systemvia the LAN or via a WAN/Internet.Minimum Client Requirements: Operating System: Windows XP or Vista. Processor: 2.4 GHz or higher. RAM: 1 GB minimum (2 GB is recommended). Microsoft Office 2000 or later (Office is only required if using thespreadsheet import option in RQE). Browser: Microsoft Internet Explorer Version 5.5 or later. Monitor: Screen resolution of 1280 by 800 or greater; screen color depthof 256 colors or greater.Minimum Server Hardware Requirements:(Master Server and Analysis Server(s)) Operating System: Windows 2003 Server (SP2), 32 bit or 64 bit OS. Processors: 1-Quad Core CPU, 2.66 GHz or higher. RAM: 12 GB. Hard Drives: Capacity to house eight 146 Gigabyte drives. NTFS File System. DVD. NIC: 1.0 Gigabit.17
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Modeling Organization: EQECAT, incM
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Form A-4 Output RangesLOSS COSTS PE
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EQECAT Model Submission - Florida State Board of Administration

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