Data Transformation

Catastrophe modellers are tasked with the cleansing and continuous re-formatting of exposure data to analyse in catastrophe models. This is often a labour-intensive, inefficient use of a skilled resource.

Introducing ImpactWorkbench®

ImpactWorkbench

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Aon’s ImpactWorkbench tool enables re/insurers to transform exposure data sets into catastrophe model input formats to save time, reduce the potential for error and increase transparency. With increasing choices of catastrophe models, a repeatable and efficient process for translating data will enable analysts to access insights more efficiently.

Features

API (Application Programming Interface) allows programmatic access to the components of the tool and minimises manual intervention
Transparent and scalable, with minimal maintenance requirement
Latest model changes are incorporated in a timely fashion, so clients do not have to do change management in the catastrophe modelling process
Leverages years of development experience and enhancements

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Benefits

Step by step process to convert your data

Supporting open data formats curated by Oasis for market efficiency and choice

To support catastrophe analysts, ImpactWorkbench now includes a new feature to support the Open Exposure Data (OED) format, which means re/insurers can now produce import-ready files for Oasis-based catastrophe modelling systems, including Nasdaq’s Risk Modelling for Catastrophes (NRMC) and Aon’s ELEMENTS platform from Impact Forecasting.

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