Guidewire ClaimCenter Catastrophe Handling In Guidewire ClaimCenter, a catastrophe refers to a significant, usually natural event that causes a large number of claims to be filed within a short period. ClaimCenter has specific features and workflows to manage these high volumes effectively. Here̢۪s how catastrophe handling works in ClaimCenter: 1. Catastrophe Events Definition - ClaimCenter allows insurers to create and define catastrophe events directly within the system. - Each event is given a unique identifier, such as a name, event type (e.g., hurricane, earthquake, flood), location, and event date. - It can also include predefined parameters, like expected number of claims, severity, and duration, to help prepare for efficient handling. 2. Claim Linking and Tracking - When a catastrophe event is declared, claims can be linked to that event, allowing insurers to track claims associated with a specific disaster. ...