January 31, 2012
This brochure provides an overview of the AIR Tropical Cyclone Model for Caribbean, which provides comprehensive coverage of all 28 countries and territories in the Caribbean.
January 25, 2012
This brochure provides an overview of the AIR Earthquake Model for the Pan-European Region. Underlying the region is a vast and complex pattern of plate boundaries and crustal faults that have produced some of history’s most devastating earthquakes. Companies need sophisticated tools that will help prepare them for the next high impact event.
January 25, 2012
Click here to find out why
TruExposure is the obvious choice for tackling data quality issues.
January 23, 2012
In December of 2011, the Association of British Insurers (ABI) published good practice guidelines on the use of catastrophe models under the Solvency II regulatory framework, which is currently scheduled to go into effect in 2014. The document linked below, Industry Good Practice for Catastrophe Modelling under Solvency II, is a result of a novel collaboration between representatives from insurers, reinsurers, reinsurance brokers and commercial catastrophe model vendors (including AIR) to understand how best to implement Solvency II provisions for using catastrophe models as part of a company’s Internal Model.
January 23, 2012
In this article, Anthony Hanson, a principal analyst in AIR’s exposures group, explains the current property valuation landscape, the role that the spatial cost index in AIR’s industry exposure databases plays in developing better property value distributions, and why this leads to more realistic and reliable estimates of loss.
January 20, 2012
This article discusses the need to account for basin-specific environmental pressure values when estimating tropical cyclone wind speeds. Failure to do so can result in over- or under-estimation of wind speed—and therefore losses.
January 17, 2012
Today, U.S. hurricane models from different vendors have very divergent views of risk. Model users should be able to understand and critically evaluate these differences, reconcile them with their own loss experience, and assess the implications on their risk management operations.
December 19, 2011
In this article, AIR’s Director of Atmospheric Science Dr. Peter Dailey and Principal Scientist Dr. Tim Doggett provide an assessment of the climatic factors that may influence extreme severe thunderstorm outbreaks and discuss how 2011’s low-probability, high-severity events underscore the value that modeling brings to a comprehensive understanding of the risk.
December 19, 2011
While 19 tropical storms formed in the basin, this season saw only one U.S. hurricane landfall with Hurricane Irene at the end of August, which was the first since Hurricane Ike in 2008. AIR meteorologists take a look back at the 2011 Atlantic hurricane season and evaluate it from both a climatological and insured loss point of view.
December 19, 2011
This month marks the 200th anniversary of the first in a series of large earthquakes that took place in the heartland of the United States in the winter of 1811/12. AIR Director of Earthquake Hazard Dr. Mehrdad Mahdyiar and Dr. Paolo Bazzurro, AIR Principal Engineer and Director of Engineering Analysis and Research, describe the research community’s current understanding of what happened and outline the financial implications of a recurrence.