The increased focus on catastrophe risk management by corporate boards, executives, rating agencies and regulators has fueled a growing need for skilled catastrophe modelers. That’s why AIR established the AIR Institute, with the mission to be a center of excellence for catastrophe risk management training and education.
The AIR Institute comprises three major components, as follows:
Certified Catastrophe Modeler Program
At the core of the Institute is the Certified Catastrophe Modeler™ Program, an intensive and interactive course designed to prepare the next generation of modelers for the complex challenges of catastrophe risk assessment and management.
More than just end-user training, the Program explores the inner workings of the models and aims to answer questions along the lines of “why does the AIR software do this?” rather than “how do I do this in the AIR software?” Five full days of classroom and hands-on instruction provide catastrophe risk management professionals with a more detailed understanding of the science and statistics that underlie the models and the best practices for interpreting and employing model results—knowledge that has become even more critical in today’s environment of increasingly strict regulatory regimes.
“By attending the program, regulators can gain valuable insights into how model results are presented, interpreted, and used by firms for risk management.”
-Alex Ntelekos, Ph.D.
Prudential Regulation Authority
Following the week-long classroom session, students engage in several elective sessions, which will be offered as part of an “Institute Track” at AIR Conferences, or as a series of online lecture sessions. Electives are designed to allow attendees to tailor their educational experience to suit their interests and needs, and to delve deeper into selected topics than is possible during the five days of classroom learning.
Students who complete the program requirements earn recognition as an AIR Institute Certified Catastrophe Modeler (CCM™). Further details, together with enrollment instructions and fees, can be found in the program brochure, which is available for download from this page.
Summer/Fall 2014 dates are sold out. Sessions in 2015 are as follows:
Software User Training
In-depth, instructor-led classes can be delivered on site or via WebEx and are tailored to meet your particular training needs. Our instructors and account managers will work with you to devise a customized syllabus that will ensure that you have the skills necessary to perform your job.
Under the auspices of the AIR Institute, AIR provides a wide variety of materials designed to deepen companies’ understanding of catastrophe models, and catastrophe risk assessment and management. These include AIRCurrents articles, white papers, presentations and other materials on topics ranging from uncertainty, to Solvency II, to the inner workings of damage functions, to modeling best practices, and much more.