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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.)
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 ...
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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.
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.
Smedvig’s analysis and processing software, ResView, ODIN's tool for stochastic reservoir modelling, [1] STORM, and Geomatic's IRAP reservoir modelling software merge into IRAP RMS, later renamed to Roxar RMS. 2009 - Roxar is acquired by Emerson, St.Louis USA and becomes part of a USD 28 billion company.
Residual mean square, a measure of the difference between data and a model of that data; Revenue Management System (or revenue management software), a software system for managing occupancy in hotels and suchlike; RMS (noise reduction) (Rauschminderungssystem), a Dolby-B-compatible compander in the former GDR in the 1980s