News

News

Insurers brace for coastal flood losses from US 'bomb cyclone'

Insurance Day January 08, 2018

Peter Sousounis, director of meteorology at AIR Worldwide, said the storm, which has brought freezing temperatures and hurricane-force winds to the region, had resulted in large ice floes being broken up and driven ashore. “These large ice floes have a large mass and can cause considerable damage when combined with high wind gusts,” he told Insurance Day. Click here to read the complete article. (Subscription required)
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Hudson Crop Selects AIR's Fund Designation Service

Insurance Innovation Reporter January 08, 2018

The solution helps insurers manage crop portfolio risk and optimize their company’s stakeholder value under current yield, price, and crop insurance program uncertainties. Click here to read the complete article.
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Insurance Day Big Interview with Robin Wilkinson: Tackling casualty accumulation head on

Insurance Day April 27, 2016

Despite recent advances, there will always be a requirement for greater transparency and stress testing in the casualty modelling process, says the chief executive of the London market risk modelling firm.
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BitSight Announces BitSight Discover, A New Solution Designed to Automatically Map Risks Associated with Fourth Party Connections

February 17, 2016

BitSight"As an early adopter of BitSight Discover for Risk Aggregation, we are thrilled with this groundbreaking solution," said Scott Stransky, manager and principal scientist at catastrophe modeling firm AIR Worldwide. Click here to read the complete press release.
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Training for users key when upgrading risk management technology

Business Insurance February 14, 2016

Part of what brings people to the training is they receive an accreditation that comes with completing the training and passing the exams, said Joe Cleveland, the company's Boston-based education and training manager. Click here to read the complete article. (Subscription required)
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A maturing market

Environmental Finance December 17, 2015

“Absent a large event, capital market investor capacity remains healthy,” adds Brent Poliquin, senior manager, consulting and client services at AIR Worldwide, which retained the title of Best Advisory/Data Service. “As a result, terms and conditions are loosening, spreads are tightening, and investors accept unmodeled perils or no initial risk modeling at all.” Click here to read the complete article.
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CRO Forum paper on Casualty Accumulation Risk

November 24, 2015

The CRO forum has released a paper on Casualty Accumulation Risk. The report highlights the increasing interconnectivity and interdependency across the global supply chain, leading to new and unanticipated sources of casualty accumulations.
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Insurance Companies Are Treating Hackers Like Natural Disasters, And That's Good For Your Personal Data.

International Business Times November 05, 2015

Scott Stransky, principal scientist at AIR Worldwide spoke with International Business Times about how hackers are the new hurricanes -- at least from an underwriter's perspective. Click here to read the complete article.
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Insurance Companies Are Treating Hackers Like Natural Disasters, And That's Good For Your Person(Responsive)

November 05, 2015

International Business TimesScott Stransky, principal scientist at AIR Worldwide spoke with International Business Times about how hackers are the new hurricanes -- at least from an underwriter's perspective. Click here to read the complete article.
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AIR's Jain: Losses From Sub-Perils in Asia Rival Initial Catastrophes

A.M. Best TV November 04, 2015

Ashish Jain, Assistant Vice President and Manager of Singapore office AIR, said devastating losses in Asia have also come from the effects of natural catastrophes, such as storm surges, liquefaction and tsunamis. Click here to watch the complete video.
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