Welcome to B&B Solutions, the home of WinRAT, the tool of choice in the petrochemical insurance industry for calculating EML (Estimated Maximum Loss) for more than twenty years.
What is RAT?
- Risk Analysis Tool (RAT) analyses risk relating to physical damage in onshore energy plants including oil refineries, gas plants and petrochemical complexes, and calculates Estimated Maximum Loss (EML) values.
- RAT has been the EML software of choice in the petrochemical insurance industry since 1990. It is designed as a platform to support risk analysis based on methodology developed after the Flixborough disaster (1974). An association of UK and European insurers was formed as International Oil Insurers (IOI) in 1975 and published the first "Blue Book" empirical algorithm in 1979 to standardise estimations in the insurance community. This methodology recognises that the most damaging type of incident is blast derived from a Vapour Cloud Explosion (VCE, or UVCE - Unconfined VCE) and is the most commonly used algorithm on the RAT platform.
- RAT provides a quick and easy way to generate and store the site details. Details are entered graphically by drawing directly with a mouse using scaled rulers on-screen or by drawing over an on-screen image derived from a graphics file, or indirectly from plot plans in paper form using a graphics tablet.
- RAT treats loss generation algorithms as separate plug-in modules, and comes with the widely recognised Empirical algorithm as well as a standard TNT-equivalence algorithm. As industry standards evolve, qualified engineers may write new algorithms of their own, including pool fire or equipment rupture models, as additional plug-in modules. Comparing results from standard and user-supplied algorithms is easy, and the program has a built-in source level debugger for stepping through algorithm equations.
- RAT has flexible output facilities to enable engineers to embed EML analysis results in the professional quality reports that insurers require. Transfering the graphical output from WinRAT to a written document is a simple copy-paste operation.