AIR catastrophe models quantify the risk from natural catastrophes— earthquakes, tropical cyclones, winter storms, severe thunderstorms, floods, and wildfires—in more than 90 countries across the globe. And we were the first to release a terrorism model to help companies come to grips with an emerging risk.
AIR has always been—and remains—at the scientific forefront of catastrophe modeling. We were the first in the industry to develop damage functions based not on how the ground moves, but on how buildings respond to ground motion. We were the first to combine state-of-the-art global climate models with mesoscale numerical weather prediction technology to realistically simulate precipitation and flooding patterns. And we are the first to develop a fully probabilistic tsunami modeling capability.
Each of our models is built based on the latest scientific research, engineering expertise, and local knowledge. Each is extensively validated both from the ground up, component by component, and from the top down against damage and claims data—to ensure that model results make sense.
As new risks emerge, new models continue to be developed for new perils and regions— and the ongoing research of AIR’s multidisciplinary team of experts ensures that they incorporate the latest advances in science and engineering.