Risk modeler AIR Worldwide Corp. announced it is making its CATStation product available to the corporate risk management market.
CATStation, first released to insurers in July, is a browser-based tool that incorporates three powerful modules to help corporations manage risk from natural and man-made catastrophes. CATStation gives risk managers access to the same scientifically advanced catastrophe models used by the insurers that write their policies.
CATStation enables risk managers to generate estimates of probable maximum loss and the likelihood of loss. Furthermore, it provides them with the added value of incorporating highly detailed information about their portfolios for a more accurate view of the potential loss.
This facilitates better risk management and insurance purchasing decisions. CATStation is ideally suited for corporations with significant property holdings such as real estate investment trusts, hotel and retail chains, and manufacturing companies with multiple facilities, among others. CATStation is also well suited for mortgage underwriters that need to understand a property’s catastrophe risk before making lending decisions.