Our monthly online magazine, AIR Currents, provides a forum for AIR scientists, engineers, actuaries, and business leaders to discuss innovations and trends in catastrophe modeling and the insurance industry. From exploring how the latest science and engineering research are driving improvements to our models, to sharing the lessons learned from recent disasters, to helping companies develop better and more robust catastrophe risk management practices, AIR Currents offers an unparalleled level of insight into what AIR experts are working on and thinking about.
This month read about:
Introducing the AIR Inland Flood Model for the United States
AIR’s forthcoming U.S. flood model captures the unique circumstances that contribute to flood risk across the country. For the first time, companies will have a robust and comprehensive tool to discover growth opportunities in this complex market.
Canada Earthquake Risk
Many of Canada’s most densely populated metropolitan areas are vulnerable from a major earthquake. Do you have a complete view of your risk? Click here to learn more about modeling shake, tsunami, liquefaction, and fire-following earthquake risk in Canada.
AIR Estimates Insured Losses from Super Typhoon Haiyan at Between USD 300 Million and USD 700 Million
BOSTON, Nov. 17, 2013 – Catastrophe modeling firm AIR Worldwide estimates that total damage to residential, commercial, and agricultural properties from Super Typhoon Haiyan will range between USD 6.5 billion and USD 14.5 billion. However, because insurance penetration in the region is relatively low, AIR estimates that insured losses will range between USD 300 million and USD 700 million.
AIR Estimates Insured Losses from Last Week’s European Windstorm Christian at Between EUR 1.5 Billion and EUR 2.3 Billion
BOSTON, Nov. 7, 2013 – Catastrophe modeling firm AIR Worldwide estimates that insured losses from Windstorm Christian (known as St. Jude in the UK) will range between EUR 1.5 billion and EUR 2.3 billion, with the majority of insured losses occurring in Denmark and Germany. Significant insured losses also occurred in the Netherlands, France, UK, and Sweden.