NatCatDAX

About Us

Overview

The NatCatDAX Alliance (the Alliance) is set up as an association of industry interest group to address the data and modeling gaps, through an industry-led catastrophe data and analytics platform for Asia and starting with SE Asia. The Alliance has the objectives of: • Increasing the availability of quality data; • Enhancing the underwriting process, • Spurring collective market analytics and product innovation, and • Underpinning needed Cat research. The Alliance comprises committed regional reinsurance companies, insurance associations, government agencies tasked with managing Cat risk, modeling agencies and others sharing the vision and motivation of the Alliance. The Alliance vision is executed by a consortium (the Consortium), consisting of the Institute of Catastrophe Risk Management (ICRM) at the Nanyang Technological University, Singapore (NTU Singapore), and joined by industry partners, PERILS AG, and Sinotech Engineering Consultants Inc.

Mission

Natural catastrophes (Nat Cat) disproportionally affect Asia in terms of economic losses and casualties, which in large part could be attributed to : (i) the low insurance penetration, (ii) low catastrophe (cat) risk awareness in the region, and (iii) in comparison with Western countries (e.g. Europe, US) lack of effective risk transfer mechanisms of the catastrophe risk. However, data necessary for catastrophe risk quantification in Asia and in SE Asia is in general poor in terms of availability, accessibility, and quality. ICRM is leading the establishment of a Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance as an association of industry interest group to address the above data and modeling gaps, through an industry-led catastrophe data and analytics platform for Asia Pacific and starting with SE Asia.

Vision

The Vision of NatCatDAX is to provide the highest resolution data covering exposure and loss that underpin efforts towards Nat Cat risk quantification and innovative Nat Cat risk transfer.