Latest AIR Worldwide Headlines
All the headlines from our AIR Worldwide Topic Page, ordered by recency.
Active 2021 Hurricane Season Revealed ‘Unsettling’ Trends: AIR Worldwide
Dec 22 2021 // The 2021 Atlantic hurricane season was the third most active on record and the sixth consecutive year of above-average hurricane activity. Still, the overall season was mostly in line with the updated 30-year average,...
AIR Worldwide Estimates Insured Losses for Hurricane Ida Could Be Up to $25 Billion
Sep 3 2021 // Insurance industry insured losses to onshore property resulting from Hurricane Ida’s winds and storm surge will range from $17 billion to $25 billion. AIR’s modeled insured loss estimates include insured...
Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide
Jul 28 2021 // AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system “Bernd” parked itself over central...
Cat Risk Modelers Air Worldwide, KCC Release Laura Insured Loss Estimates
Aug 31 2020 // Estimates for insured property losses associated with Hurricane Laura by catastrophe risk modeling firms Air Worldwide and Karen Clark and Co. (KCC) are similar — both fall into the $8 billion range — but they are not...
How COVID-19 Could Impact Post-Hurricane Loss Inflation in Florida: AIR Worldwide
Aug 24 2020 // By the end of March 2020 people were wondering what the impact of COVID-19 on the upcoming hurricane season would be. There is no historical event to provide evidence for how the scenario might unfold, so we need to start...
AIR Worldwide Releases Updated Caribbean Cyclone and Earthquake Models
Jul 30 2020 // Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Tropical Cyclone and Earthquake Models for the Caribbean. These models will provide insurers and reinsurers with a comprehensive view...
AIR Worldwide Releases Updated Earthquake Model for Australia
Jul 27 2020 // Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Earthquake Model for Australia. These updates were prompted by findings in the National Seismic Hazard Model from Geoscience Australia...
AIR Worldwide Estimates Global COVID-19 Deaths Could Reach 644,000 During June
May 22 2020 // The number of COVID-19 cases globally over the next four weeks may reach 50 million total cases, with 644,000 estimated deaths, according to estimates provided by Verisk’s catastrophe modeling unit, AIR Worldwide, on...
AIR Worldwide Launches Free COVID-19 Catastrophe Modeling Tool
Apr 16 2020 // AIR Worldwide has launched a free COVID-19 catastrophe modeling tool, one that predicts cases and offers death projections for the weeks ahead. The company said its Verisk COVID-19 Projection Tool, designed with...
AIR Worldwide Estimates COVID-19 Global Deaths Could Rise 10K-30K by End of March
Mar 18 2020 // AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to 30,500, from now until...
AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk
Mar 3 2020 // AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios, which could reveal those countries at the highest...
AIR Worldwide Launches Multi-Peril Crop Insurance Model for India
Nov 4 2019 // Catastrophe risk modeling firm AIR Worldwide (AIR) announced it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls...
Insured Losses for Typhoon Faxai Estimated at US$3B-US$7B: AIR Worldwide
Sep 16 2019 // Industry insured losses from Typhoon Faxai, which made landfall in Japan on Sept. 9, will be between 340 billion Japanese yen (US$3 billion) and 740 billion yen (USD 7 billion), estimated Boston-based catastrophe risk...
AIR Worldwide Releases Update of New Zealand Earthquake Model
Jun 21 2019 // Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated earthquake model for New Zealand. This model incorporates the latest scientific research after the 2010–2011 Canterbury earthquake...
AIR Worldwide Develops Probabilistic Model for Global Cyber Risks
Oct 22 2018 // Catastrophe risk modeling firm AIR Worldwide announced it has developed a probabilistic model for cyber risk, which is capable of accounting for security breach and cloud service provider downtime incidents for insurance...
AIR Worldwide and Capsicum Re Collaborate to Enhance Silent Cyber Models
Sep 4 2018 // Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with reinsurance broker Capsicum Re to enhance the insurance industry’s modeling of what many refer to as “silent” cyber...
AIR Worldwide Estimates Insured Losses from Japan Floods Could Reach US$4B
Aug 21 2018 // Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between JPY284 billion (US$2.6 billion) and JPY423 billion (US$4.0 billion), according to...
AIR Worldwide Updates Wildfire Model with Event-Based Risk Management Approach
Aug 17 2018 // Catastrophe risk modeling firm AIR Worldwide (AIR) has released an updated Wildfire Model for the United States designed to provide a comprehensive view of the risk of wildfire to property within the 13 westernmost...
New AIR Reinsurance Cat Modeling Software Estimates Insurer Loss Potential
Aug 6 2018 // Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios,...
AIR Releases New Reinsurance Catastrophe Modeling Software, Touchstone Re
Aug 3 2018 // Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re™, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and...
