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Analyze Re, a software analytics provider for the reinsurance and insurance industries, became a part of AIR's operational domain in 2016, and then Arium, a company specializing in liability risk modeling, followed in 2017. [6] [7] In January 2022, AIR Worldwide transitioned to the Verisk brand and is now 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.
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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 ...
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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.
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