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Managing U.S. Flood Risk: Part I, Modeling Hurricane-Induced Precipitation

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The 2010 Haiti Earthquake: From Devastation to a Deeper Understanding of Caribbean Seismicity

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Modeling Fundamentals: Accounting for the Hours Clause

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Your search has returned 185 results.

A Multi-Peril View of Catastrophe Risk in China

Articles | AIR Currents Article
July 24, 2013

In this article, Heidi Wang, Senior Manager in AIR’s Business Development group, and Albert Chen, manager of AIR’s China operations, discuss the growth of China’s insurance market and the increasing number—and value—of the country’s exposures, which reinforce the need to take a multi-peril view of risk.
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Providing a Reliable Solution for Modeling Large Industrial Facilities

Articles | AIR Currents Article
February 20, 2013

Modeling industrial facilities—which exhibit a great number and array of assets—is challenging. A previous AIR Current discussed the component-based approach AIR introduced in 2009 to help commercial insurers and other stakeholders navigate this task. This article features an in-depth look at that approach for the largest, most complex industrial sites, and includes a case study highlighting the utility of AIR’s 400-series of occupancy codes, meticulously designed for these particular exposures.  
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Earthquake Risk in Japan After Tohoku: Updates to the AIR Model

Articles | AIR Currents Article
January 24, 2013

This article provides a high level overview of some of the most significant changes in the forthcoming update to the AIR Earthquake Model for Japan, scheduled for release in June 2013.
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Rethinking the Unthinkable: Modeling Unprecedented Ruptures Like the Great Tohoku Earthquake

Articles | AIR Currents Article
April 25, 2011

The Japan Trench—source of the M9.0 Tohoku earthquake—is one of the most seismically active subduction zones in the world and has a long record of strong earthquakes. Nevertheless, based on historical seismicity, scientists did not expect such a powerful earthquake in Japan’s northeast region. In this article, AIR principal scientist. Bingming Shen-Tu and AIR director of earthquake hazard research Mehrdad Mahdyiar explore why the magnitude of the event, if not the magnitude of the loss, was a surprise and discuss its implications on future modeling of seismic risk in Japan.
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Managing Typhoon Risk in South Korea

Articles | AIR Currents Article
December 14, 2010

AIR recently added South Korea to its Northwest Pacific basinwide typhoon model. In this article, AIR researchers detail two large-loss scenarios.
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The Role of Wind Duration in Damage Estimation

Articles | AIR Currents Article
August 16, 2010

AIR Principal Engineer Dr. Vineet Jain looks at the evidence of the effects of wind duration on property damage, and explains how AIR models it.
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Looking Back, Looking Forward: Anatol, Lothar and Martin Ten Years Later

Articles | AIR Currents Article
December 09, 2009

Ten years ago this December Europe was subjected to three fiercely intense storms in rapid succession, Anatol, which arrived on December 3rd, Lothar, which struck on December 26th, and Martin, which immediately followed Lothar on December 27th. Together the storms brought much of Europe to a halt, killed more than 160 people, wreaked widespread damage and inflicted catastrophic insured losses of more than ten billion Euros (1999). In this article, Managing Director of AIR’s Munich operations, Yörn Tatge, describes the events, notes their impact on the insurance industry and addresses the continuing importance of European winter storms.
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From 1755 to Today—Reassessing Lisbon’s Earthquake Risk

Articles | AIR Currents Article
July 15, 2009

The Great Lisbon Earthquake occurred in the morning hours of All Saints Day, a Catholic high holiday, on November 1, 1755. Much of the city’s population, estimated to be around 200,000, was gathered for mass in Lisbon’s opulent churches and cathedrals. Beginning at around 9:30 am, three separate jolts spaced a few minutes apart violently shook southwestern Portugal.
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Effect of Extratropical Transitioning on Pacific Typhoons

Articles | AIR Currents Article
May 14, 2009

The transition of tropical cyclones to extratropical cyclones is a relatively common occurrence and is one that occurs in both the Atlantic and Pacific Ocean basins. The impact of a transitioned storm on insured losses—particularly in terms of precipitation-induced flooding—can be significant. In this article, AIR Principal Scientist Dr. Peter Sousounis and Scientist Jason Butke discuss the phenomenon of extratropical transition in the context of Japan typhoons, as well as the challenges of forecasting it and its impact on precipitation…and insured losses.
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Optimal Insurance Risk Allocation with Steepest Ascent and Genetic Algorithms

Research Publications
April 04, 2013

Siew Mun Ha (2013) 'Optimal insurance risk allocation with steepest ascent and genetic algorithms," Journal of Risk Finance, Vol. 14 Iss: 2, pp.129 - 139 Abstract available at: https://www.emeraldinsight.com/doi/abs/10.1108/15265941311301170
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