NATHAN stands for Natural Hazard Assessment Network. It is a package of solutions designed to meet clients' individual needs when it comes to assessing natural hazards. Newly implemented hazard zones and modules enable Munich Re's clients to make risks more transparent.
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NATHAN is highly valued for its prime quality and global availability. NATHAN's growing popularity as a tool supporting the pricing process is evidenced by a significant increase in the number of online NATHAN enquiries, with over six million analyses being conducted by more than 7,000 users in 2012.
Geocoded portfolio and loss data in NATHAN Risk Suite make it possible to perform highly accurate geographic analyses of individual risks and portfolios. This is key to optimising risk management regarding natural hazards.
The need-based tools in NATHAN Risk Suite provide Munich Re's comprehensive geoknowledge to assist with product development and targeted geomarketing: if required, they can make regional business potential more visible and provide information that can be used to optimise sales structures and adjust products and ratings to local risk situations – worldwide and down to address level.
New functions ensure greater efficiency
The experts at Munich Re are steadily expanding NATHAN. From January 2013, for example, you can make use of the Portfolio Risk Assessment Report. By combining the natural hazard zone system with risk locations, it is possible to clearly present and assess the portfolio exposure. All risk factors located in a given area are visible at a glance, and are presented to the customer in an easily readable report at the press of a button.
An overview of all the new functions:
- Reliable, easily readable Portfolio Risk Assessment Report
- Zoning system for global flash floods
- New high-resolution flood zones for Asia from spring 2013
- Detailed flood zones for Switzerland, the Czech Republic, Slovakia, Hungary and Poland.
- More precise basic geographic data (high-precision street and satellite image maps)
NATHAN Risk Suite products
Munich Re offers NATHAN as a multi-level license model. The NATHAN Portfolio Risk Pro, for instance, a premium service subject to license, is especially useful for assessing large portfolios as a real-time Web service. It offers enormous time-saving potential, since it eliminates the need to upload/download manually. Underwriters can then focus more closely on risk assessment and rating.