Boston’s Applied Insurance Research, Inc. announced the release of new models covering Latin American earthquake risks, combining new information and new technology.
“The models incorporate the most recent data on active faults in Latin America, as well as the results of several new research efforts,” said the announcement. The new research includes results of soil testing to estimate “ground failure,” as well as more detailed “engineering and construction data for the covered regions.”
“Our clients are particularly pleased with the release of the new models in CATMAP (R)/2 and CATRADER (R) in time for the July 1 renewals. The implementation of the Latin American models follows the intuitive implementation of all other models in the software, so that our clients can seamlessly manage their global risks,” stated Uday Virkud AIR Sr. VP
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