ALERT
ALERT™ (AIR Loss Estimates in Real Time) provides up-to-date information and loss estimates for major catastrophes worldwide.
Obtaining reliable information quickly as an actual catastrophe unfolds has become increasingly important for insurers, reinsurers, and investors. Beginning with Hurricane Hugo in 1989, AIR’s ALERT service has expanded to include catastrophic events as they happen globally. ALERT provides the following information, setting it apart from other such services.
Catastrophe Updates
Information on current catastrophic events occurring globally in real time that go beyond meteorological data to include summaries of exposures at risk and potential impacts.
Loss Estimates
For events that meet our threshold, insured loss estimates based on an event’s actual parameters calculated using AIR models specific to the location and peril and incorporating regional factors for greater accuracy.
Event Sets
Sets of customized scenarios that enable AIR software users to estimate losses to their own portfolios or to the industry.
Our process
Wondering if AIR will put out an ALERT for an ongoing event? Have a question about what analytics AIR provides for a given peril or region? The ALERT Posting Process and Deliverables document covers general information about our real-time service as well as guidelines for what we’ll deliver and when, and is a valuable resource for any user of AIR’s models and software who deals with live event response.
