Resources for modelling risk data
Overview
The Model API exposes API operations that support the management of model jobs, i.e. the catastrophe modeling of account, portfolio, and aggregate portfolio exposures.
Catastrophe modeling is the process of using models (a.k.a peril models) to estimate the vulnerability of exposures to financial loss. An exposure is an insured property, building, or other entity that may be affected by catastrophic events.
The Model API enables you to use Moody's RMS peril models to simulate catastrophic events (e.g. fires, floods, earthquakes) and assess the financial impact of those events on exposures.
Operations
| Operations | Endpoint | Description |
|---|---|---|
| Create Model Job | /platform/model/v1/jobs | Initiates a model job. |
| Search Model Job | /platform/model/v1/jobs | Searches for model jobs. |
| Get Model Job | /platform/model/v1/jobs/{jobId} | Polls model job status. |
| Update Model Job | /platform/model/v1/jobs/{jobId} | Update a model job. |
The Legacy API specifies operations support the managed of model profiles. A model profile is a collection of configurations that are used to analyze exposures. Model profiles may specify perils, regions, and model versions, as well as model-specific settings, such as sub-perils and post loss amplification.
Model profiles
Every model job is defined by the model profile and output profile specified in the request.
Model types
A model (a.k.a. catastrophe or peril model) is a computer-based model that estimates losses from natural or man-made hazards, such as earthquakes, floods, hurricanes, and acts of terrorism.
Catastrophe models provide tools to represent the frequency and severity of loss for a given exposure from a range of potentially damaging events. Multiple approaches can be applied to this problem, and HD models represent a different methodology than the ones used in previous Moodyʼs products.
Moody's Insurance Solutions catastrophe models enable insurers, reinsurers and other organizations to quantify the potential magnitude and probability of economic loss from catastrophe events.
Distinct, peril-specific models are available for analytic framework (DLM and ALM models) or simulation framework (HD models).
- For a list of DLM models, see DLM models.
- For a list of HD models, see HD models.
peril model, model profile, HD model, ALM model, DLM model, catastrophe modeling, analytic framework, simulation framework