NatCAT Competence Center

The NCCC plays a crucial role in analyzing various risk aspects for the group. This includes understanding the changing risk exposure over time, identifying risk concentrations, and calculating expected annual losses based on specific natural hazards and locations, both individually and at an aggregated level.

A significant part of the NCCC's work involves analyzing scenarios that realistically depict future events, including extreme and rare occurrences, as well as the impacts of climate change under various temperature scenarios, focusing on floods, storms, and hail. A key feature of the NCCC approach is the  use of advanced stochastic models that simulate hundreds of thousands of  potential natural events. These models are not only state-of-the-art but are also  regularly refined to incorporate the latest data and methodologies.

What is unique about the NCCC approach is that two-thirds of these models incorporate the UNIQA Group's own historical loss data, providing a tailored risk perspective that differs from the nonspecific assessments of general market models. The insights gained from these stochastic natural catastrophe models are fundamental to the group's comprehensive risk management strategy regarding natural disasters. The NCCC also plays a vital role in assessing the underwriting and reinsurance strategies of the group, particularly through  annual stress scenario tests.