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Marsh BLAST powered by MaxLoss™ is a cutting-edge software tool for modelling insurance losses associated with vapour cloud explosions (VCEs). The software has been developed in collaboration with leading engineering consultants Baker Engineering and Risk Consultants Inc. and, for the first time in the insurance industry, employs the advanced Baker-Strehlow-Tang explosion model.
Marsh BLAST models VCEs and estimates the maximum property damage value following an explosion. The software is predominantly used to calculate estimated maximum loss (EML) values for onshore energy installations as part of the insurance evaluation process.