EQECAT announced today it has launched a catastrophe model for oil and gas platforms, pipelines and other offshore energy industry infrastructure in the Gulf of Mexico.

Rick Clinton, president of EQECAT–an Oakland, Calif.-based subsidiary of ABSG Consulting Inc.–said the Offshore Energy Model "will help insurers and energy producers quantify their offshore risks, which can lead to better pricing and use of capital."

In developing the Offshore Energy Model, EQECAT said it combined its extreme-risk modeling expertise with the offshore experience and the risk management expertise of ABS Consulting, which does extensive work with energy companies and the U.S. government.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.