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What is HurLoss?

HurLoss is ARA's sophisticated hurricane catastrophe model designed specifically for property insurers, reinsurers, brokers, and ILS managers to effectively manage risks in hurricane-prone areas. Established in 1998, HurLoss has been pivotal in shaping structural engineering standards in states affected by hurricanes and has played a key role in federal emergency management and mitigation efforts since 2003. The model offers an extensive event set that encompasses the entire North Atlantic basin, including regions like the U.S., the Caribbean, Bermuda, as well as parts of Canada, Mexico, and Central America. What distinguishes HurLoss is its unique physics-based approach to hurricane hazard modeling, which integrates engineering load and resistance analysis based on foundational principles and validated through claims data. Furthermore, the model includes projections for future climate scenarios, allowing users to assess risks with both present and future climatological data, such as changes in sea surface temperature and wind shear. This innovative perspective not only enhances risk assessment but also empowers stakeholders to develop robust hurricane risk management strategies that are adaptable to evolving climate conditions, ultimately ensuring a more resilient approach to disaster preparedness and response.

What is Geospiza PATH?

Geospiza PATHâ„¢ serves as an intuitive platform tailored for the evaluation of climate-related risks, equipping risk managers, sustainability teams, operations staff, and asset managers with the tools necessary to accurately assess and alleviate the dangers posed by climate change and natural disasters. The platform visually delineates how various assets are susceptible to threats like floods, extreme temperatures, droughts, hurricanes, cyclones, and wildfires, while also evaluating the potential costs and advantages of several risk management approaches. By incorporating up-to-date climate change information, Geospiza allows for a seamless shift from uncertain risks to practical solutions. Users can apply climate change analytics and disaster modeling across diverse sectors, including infrastructure, workforce, investments, and regions of strategic significance, all presented through an interactive map. By engaging with sophisticated climate risk models, organizations can achieve an in-depth understanding of the environmental challenges confronting them. Following a careful examination of these risks, businesses can formulate a strong strategy focused on risk reduction, resilience building, and adaptation to the effects of climate change, thereby ensuring a proactive stance against future adversities. This extensive framework not only aids in immediate decision-making but also encourages the adoption of sustainable practices over the long term, reinforcing a commitment to environmental responsibility. Ultimately, Geospiza PATHâ„¢ empowers users to navigate the complexities of climate risks with confidence and clarity.

Media

Media

Integrations Supported

Moody’s Risk Modeler
Oasis Loss Modeling Framework

Integrations Supported

Moody’s Risk Modeler
Oasis Loss Modeling Framework

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

ARA

Date Founded

1998

Company Location

United States

Company Website

www.ara.com/hurloss/

Company Facts

Organization Name

Geospiza

Date Founded

2017

Company Location

United States

Company Website

geospiza.us/solutions/

Categories and Features

Categories and Features

EHS Management

Audit Management
Corrective / Preventive Actions
Environmental Management
Environmental Risk Assessment
Forms Management
Incident Management
Industrial Safety Management
Injury Reporting
Inspection Management
MSDS
OSHA Recordkeeping
Occupational Health Management
Safety Risk Assessment
Training Management
Waste Management

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