AIR Worldwide Corporation (AIR) developed the first probabilistic catastrophe model for the insurance industry in the mid-1980s and today models the risk from natural catastrophes and terrorism in more than 50 countries. Applications of the technology have since broadened to serve corporate risk managers, investors, mortgage underwriters, government officials, and others who benefit from an enhanced understanding of catastrophic risk. Today, more than 400 companies and organizations across the risk management value chain rely on AIR software and services for catastrophe risk management, insurance-linked securities, site-specific wind and seismic engineering analyses, agricultural risk management, and property replacement cost valuation.

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