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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.)
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.
Pitney Bowes Software Helps Insurers With Catastrophe Modeling and Risk Management During Extreme Weather Events ORLANDO, Fla.--(BUSINESS WIRE)-- Risk managers and reinsurance experts meeting in ...
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.
Coburn has studied many natural and man-made catastrophe events, including earthquakes, volcanic eruptions, tsunamis, terrorist attacks and disease pandemics. He is one of the leading contributors to the creation of the class of catastrophe models that over the past 20 years has come to be an accepted part both of business management in ...
While the state insurance regulator just approved a plan to let fire insurers use “catastrophe” modeling that would let them rapidly raise rates, consumer activist group Consumer Watchdog ...
RMS 2011 included more new features than any previous RMS version and provided modellers with enhancements to the seismic architecture to allow direct reference between the reservoir models and the 3D and 4D seismic data that the interpretation and modelling is based on. Key highlights of RMS 2011 included new tools to model complex geologies ...