Designed to analyze risks at the location (i.e., geocode) level, CLASIC/2
takes full advantage of risk-specific structural details, occupancy, age and height,
locational characteristics, such as site-specific geographical and geological
information, and insurance policy and reinsurance treaty terms. This translates to
better information with which to support risk selection, underwriting, and pricing
decisions. Catastrophe risk managers will also appreciate the efficiency with which
total portfolios of property exposures (by department, division, region, etc.) can
be analyzed.
CLASIC/2 provides full probability distributions of annual aggregate and
occurrence losses broken down in a wide variety of ways, including by
location, policy, insurance layer, reinsurance layer, total portfolio,
region, and event. The
financial module in AIR's CLASIC/2 system
accurately estimates loss for policies containing complex terms and
conditions, including those that apply across perils, regions, and policies. Results of a single analysis can be viewed ground-up, gross and net.
To facilitate the most accurate and efficient risk analyses, CLASIC/2
includes AIRGeocode Express™, AIR’s proprietary geocoding facility. The
best assignment of a risk's location allows CLASIC/2 to make full use
of the high-resolution geographical (e.g., land use/land cover, elevation,
topography) and geological information embedded in AIR hazard models in
estimating damage to an individual risk. Also included is AIR’s proprietary
AIRMap Express™, which provides rich map views of risks at the individual
location level or aggregated to postal codes, counties, states, and countries.
CLASIC/2 produces the most detailed and reliable loss estimates available,
enabling the most informed risk management decisions.
More about CLASIC/2™
