Applied Insurance Research, Inc. (AIR), a catastrophe and weather risk modeling company, has assembled a suite of products developed to meet the needs of corporate risk managers. The products, capitalizing on AIR’s databases of hazard and property information and on AIR’s experience in catastrophe modeling, are designed to assist risk managers in the three fundamental stages of exposure mitigation: identification of the hazard, quantification of potential loss, and management of risk transfer. AIRProfiler, AIR’s web-based product for location-specific hazard information, sorts and filters property exposure according to user-defined hazard criteria. Risk managers can then identify and focus on the most vulnerable properties and generate a concise summary of those properties’ exposure to risk. This summary can be used to meet underwriter’s requirements for information or to determine alternate mitigation measures.
AIR has also introduced ClimateCast™ an online service providing probabilistic short-term climate forecasts based on the latest climate modeling and prediction technologies. ClimateCast features are designed to enable the user to correctly interpret and use the forecasts, which will be updated every month.
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