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AIR Worldwide specialized in catastrophe modeling software and services to manage the probability of loss from natural catastrophes, terrorism, pandemics, casualty catastrophes, and cyber incidents. After the acquisition these services continued under the name Verisk Extreme Event Solutions .
The input into a typical cat modeling software package is information on the exposures being analyzed that are vulnerable to catastrophe risk. The exposure data can be categorized into three basic groups: Information on the site locations, referred to as geocoding data (street address, postal code, county/CRESTA zone, etc.)
He is a senior vice president at Risk Management Solutions and oversees the model development carried out in the RMS LifeRisks team. [2] After training in architecture at Christ's College at the University of Cambridge, [3] Coburn completed a PhD thesis in July 1987 on Seismic vulnerability and risk reduction strategies for housing in Eastern ...
In 2002, it expanded its decision analytics business with the acquisition of AIR Worldwide, a catastrophe modeling firm. [5] In 2004, it entered the healthcare market by acquiring several businesses, through which it offers analytical and reporting systems for health insurers, provider organizations, and self-insured employers.
A year loss table (YLT) is a table that lists historical or simulated years, with financial losses for each year. [1] [2] [3] YLTs are widely used in catastrophe modeling as a way to record and communicate historical or simulated losses from catastrophes.
Risk Management Solutions, a subsidiary of Moody's Corporation; RMS, a prefix for Royal Mail Ships and aircraft, UK; Roads and Maritime Services, a former agency of the New South Wales government, Australia; Rotana Media Services, the advertising and marketing wing of Rotana Group; Rotating Memory Systems, Inc., a defunct hard disk drive ...
RMS 2010 was released in February 2010. RMS 2010 included major improvements across the entire workflow, with a wide-ranging makeover of the well correlation tools, new model building and property modelling tools and improved 3D gridding and better communication with external simulators.
Name Underlying data model Full and Latest SysML support Full and Latest UML support XMI Automated document generation OSLC support Can be integrated with Astah: Yes Partial ...