Lloyd's syndicate Faraday Underwriting has installed the ISO Catcube database which provides historical catastrophe information to improve the claims handling process.

Technology firm Insurance Services Office (ISO), has created the product to analyse data going back as far as 1949. Catcube can be used in catastrophe planning, reinsurance purchases, resource allocation and underwriting decisions. Information on catastrophes such as windstorms, fires or hurricanes are stored in the database.