AIR Worldwide Named Best Risk Modeling Firm at 10th Annual Reactions North America Awards

BOSTON, Sept. 4, 2015 - Catastrophe modeling firm AIR Worldwide is proud to announce that for the third consecutive year, it has been named "Best Risk Modeling Firm" at the 2015 Reactions North America Awards held on September 3rd in New York. The Reactions Awards highlight top-class performance and innovation within the global insurance industry. They recognize the best insurance, reinsurance, and broking firms, as well as the industry's best leaders and service providers around the globe.

"AIR Worldwide has once again shown itself to be at the top of its game when it comes to modeling and understanding the risks its clients face," said Christopher Munro, Americas editor at Reactions. "We at Reactions congratulate AIR Worldwide for the work they have done and are very pleased to present them with the award for North American Risk Modeler of the Year."

"It is an honor to be recognized for the third year in a row as the best risk modeling firm by our distinguished peers in the global insurance community and we appreciate the continued vote of confidence in AIR," said Bill Churney, chief operating officer at AIR Worldwide. "AIR is meeting the evolving risk management needs of our clients by delivering the most scientifically credible models and innovative software platform, coupled with our continued focus on providing outstanding service and support, which is truly helping companies to better own their risk."

In July, AIR released Version 3.0 of its catastrophe risk modeling software platform, Touchstone®, which continues to gain momentum with rapid adoption across the global marketplace. Version 3.0 of Touchstone introduced comparative loss analytics that allow companies to evaluate multiple sets of loss results simultaneously,including results between model versions, between different exposure sets, or using different policy terms. Also in this release is access to detailed hazard data for simulated events to give users even more insight into the drivers of loss and to further facilitate model validation as required by regulatory regimes such as Solvency II. Touchstone 3.0 also provides expanded loss modification capabilities to allow companies to develop their own view of risk.