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What is pasRE.Net?

pasRe.Net is an all-encompassing online automation platform specifically tailored for the reinsurance sector, streamlining every aspect of the reinsurance workflow. This innovative solution can integrate seamlessly with other PAS software, contributing to a comprehensive insurance suite, or it can operate independently as a standalone resource within your current infrastructure. By functioning online, pasRe.Net provides real-time data updates, greatly enhancing flexibility and efficiency in managing reinsurance contracts. The platform covers every element of the reinsurance ecosystem, including the oversight of reinsurers and brokers, treaty management, the establishment of reinsurance programs, and the specification of attachment points, as well as the analysis of premiums and losses, reporting, cash application, and Schedule F production. It consolidates the management of all contracts, addressing both facultative and treaty agreements, such as quota share, surplus, excess, clash, and catastrophe. Additionally, the system accommodates retroactive adjustments for late placements and mid-term contract changes, which are essential for maintaining an appropriate level of risk exposure while ensuring compliance and flexibility in a rapidly evolving market. This robust platform not only enhances operational workflows but also equips users with essential tools to make timely, informed decisions. Furthermore, its user-friendly interface ensures that even those with limited technical expertise can effectively navigate and utilize the platform.

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.

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

Policy Administration Solutions

Date Founded

1996

Company Location

United States

Company Website

www.pasolutions.com/pasrenet

Company Facts

Organization Name

ARA

Date Founded

1998

Company Location

United States

Company Website

www.ara.com/hurloss/

Categories and Features

Categories and Features

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