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AIR file formats have become worldwide standards throughout the insurance and reinsurance industries.
UNICEDE® and UNICEDE®/2 are ASCII text files produced by CLASIC/1™, CLASIC/2™ and many other software products. They are typically used to transfer aggregated company exposure data from primary insurer to reinsurer. The files are imported into CATRADER® to perform risk analyses. UNICEDE®/px (detailed data for primary business) and UNICEDE®/fx (detailed data for facultative business) are pure ASCII text files used to exchange detailed exposure data between participating entities. The data can be used in any application, including CLASIC/1 or CLASIC/2. These formats capture policy-specific information, such as limits and deductibles, by coverage and peril. They also capture site-specific information such as construction type and occupancy, as well as information on a structure's individual risk characteristics, when such information is available. The format is logically organized and flexible, accommodating whatever level of detail your data represents. CLF™ (Company Loss File) is a binary file produced either by CLASIC/1 or CLASIC/2 software or by the Services and Analytics group at AIR. A CLF contains the results of a detailed risk analysis based on specific policy and location information. That is, because a CLASIC analysis 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, the resulting CLF also incorporates this detailed information. A CLF can be imported by a reinsurer into CATRADER. The high level of detail used in producing the CLF provides the most accurate risk profile for a primary company. The production and distribution of CLFs has expanded over the last few years, and many reinsurers have begun to require CLFs with certain reinsurance submissions, particularly those for companies writing nonstandard, excess, or highly earthquake-exposed business. This trend will likely accelerate as reinsurers increase their demand for CLFs, as ceding companies are increasingly able to provide high quality detailed exposure data, and as CLASIC/2, the first user-friendly desktop underwriting system for primary insurers, penetrates the market.
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