Press Release

AIR Worldwide Releases Expanded Inland Flood Model for Central Europe
Jun 26, 2019 09:00 JST

Catastrophe risk modeling firm AIR Worldwide (AIR) today announced that it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the storm surge component of its coastal flood model for Great Britain, which is now incorporated into the AIR Extratropical Cyclone Model for Europe. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Worldwide Releases Updated Earthquake Model for New Zealand Jun 20, 2019 17:00 JST Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Earthquake Model for New Zealand. More info..

Sompo International to Leverage AIR's Innovative Casualty Analytics Solution for Multi-Line Risk Analysis
Jun 19, 2019 17:30 JST

Catastrophe modeling firm AIR Worldwide (AIR) today announced that Sompo International, a global specialty provider of property and casualty insurance and reinsurance, is leveraging AIR's casualty analytics platform, Arium, to better understand and quantify its liability and loss potential across multiple commercial liability lines of business. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Estimates Losses for the Marriott Breach Will Be Between USD 200 Million and USD 600 Million
Dec 19, 2018 08:00 JST

Catastrophe risk modeling firm AIR Worldwide estimates that the direct cyber incident losses for the Marriott breach will be between USD 200 million and USD 600 million. AIR's loss estimates are based on the assumption that 500 million records were stolen, as Marriott has reported.
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AIR Worldwide Estimates Insured Losses from Camp Wildfire Will Be Between USD 6 Billion and USD 9 Billion Dec 07, 2018 07:00 JST Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from the Camp Fire in Northern California will be between USD 6 billion and USD 9 billion. More info..

AIR Worldwide Estimates Insured Losses from Woolsey Wildfire Will Be At Least USD 2.5 Billion
Dec 01, 2018 07:00 JST

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from the Woolsey Fire in Southern California will be at least USD 2.5 billion. Note that AIR's estimate of insured losses is based on the assumption of nearly 100% take-up rates. The fact that damage from fire, including wildfire, is included in standard homeowners' policies in California informs that assumption. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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Arch Insurance Selects AIR's Modeling Solution to Help Manage Its Catastrophe Risk Nov 05, 2018 19:00 JST Catastrophe modeling firm AIR Worldwide announced that Arch Worldwide Insurance Group has selected Touchstone(R) as its primary modeling solution to help manage catastrophe risk. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. More info..

AIR Develops Advanced Probabilistic Model for Global Cyber Risks Oct 22, 2018 18:00 JST Catastrophe risk modeling firm AIR Worldwide today announced it has developed a probabilistic model for cyber risk capable of accounting for security breach and cloud service provider downtime incidents for insurance portfolios worldwide. More info..

AIR Worldwide Estimates Insured Wind and Storm Surge Losses for Hurricane Michael Will be Between USD 6 Billion and USD 10 Billion
Oct 15, 2018 23:00 JST

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Michael's winds and storm surge will range from USD 6 billion to USD 10 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Worldwide Estimates Industry Insured Losses for Typhoon Mangkhut Will be Between USD 1 Billion and USD 2 Billion Sep 26, 2018 07:00 JST Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between USD 1 billion and USD 2 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. More info..

AIR Worldwide Estimates Insured Wind and Storm Surge Losses for Hurricane Florence Will be Between USD 1.7 Billion and USD 4.6 Billion
Sep 18, 2018 22:30 JST

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Florence's winds and storm surge will range from USD 1.7 billion to USD 4.6 billion. Note that these estimates do not include the impact of the ongoing flooding from Hurricane Florence's unprecedented precipitation. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Worldwide Releases Severe Thunderstorm Model for Europe Sep 10, 2018 14:20 JST Catastrophe risk modeling firm AIR Worldwide today announced that it has released a new state-of-the-art severe thunderstorm model for Europe. More info..

AIR Worldwide Estimates Industry Insured Losses for Typhoon Jebi Will be Between JPY 257 billion (USD 2.3 billion) and JPY 502 billion (USD 4.5 billion)
Sep 10, 2018 09:00 JST

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoo Jebi, which made landfall in Japan on September 4, will be between JPY 257 billion (USD 2.3 billion) and JPY 502 billion (USD 4.5 billion). AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Worldwide and Capsicum Re Collaborate to Develop Silent Cyber Modeling Capabilities Sep 04, 2018 22:00 JST Catastrophe modeling firm AIR Worldwide (AIR) today announced that it is collaborating with Capsicum Re, a full-service global reinsurance broker, as part of a joint effort to enhance the insurance industry's modeling of what many refer to as "silent" cyber incidents. More info..

AIR Worldwide Estimates Industry Insured Losses for Flooding in Western Japan Will be Between JPY 284 billion (USD 2.6 billion) and JPY 423 billion (USD 4.0 billion)
Aug 21, 2018 12:00 JST

Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between JPY 284 billion (USD 2.6 billion) and JPY 423 billion (USD 4.0 billion).
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AIR Worldwide Expands Commitment to Wildfire Risk Management with Wildfire Model for the United States Aug 14, 2018 08:00 JST Catastrophe risk modeling firm AIR Worldwide (AIR) announced that it has released an updated Wildfire Model for the United States. More info..

AIR Worldwide Releases New Reinsurance Catastrophe Modeling Software
Aug 01, 2018 23:00 JST

Catastrophe risk modeling firm AIR Worldwide today announced that it has released Touchstone Re(TM), a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Worldwide Collaborates with RenaissanceRe to Develop Industry's First Probabilistic Model for Extreme Liability Events
Apr 09, 2018 18:30 JST

Catastrophe modeling firm AIR Worldwide (AIR) today announced that it is collaborating with RenaissanceRe, a global provider of reinsurance and insurance, as part of a joint effort to enhance the industry's modeling of long-tail casualty risk. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Worldwide Appoints Roger Grenier to Lead Global Resilience Practice
Feb 06, 2018 09:00 JST

Catastrophe modeling firm AIR Worldwide (AIR) announced that it has appointed Dr. Roger Grenier as senior vice president of global resilience to lead AIR's resilience initiatives across the globe. These initiatives are aimed at developing solutions that aid society's efforts to better prepare for and recover from extreme events. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
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AIR Worldwide Estimates Industry Insured Losses for Winter Storm Friederike Will be Between EUR 1.3 Billion and EUR 2.6 Billion
Jan 26, 2018 08:00 JST

Catastrophe modeling firm AIR Worldwide estimates that insured losses due to wind from Winter Storm Friederike will range between EUR 1.3 billion and EUR 2.6 billion, the majority of which are expected in Germany, France, the United Kingdom, Belgium, and the Netherlands.
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AIR Worldwide Estimates Insured Losses from Winter Storm Eleanor/Burglind of between EUR 1.1 Billion and EUR 1.6 Billion Jan 12, 2018 08:00 JST Catastrophe modeling firm AIR Worldwide estimates that insured losses due to wind from Winter Storm Eleanor/Burglind will range between EUR 1.1 billion and EUR 1.6 billion. More info..

AIR Worldwide's Fund Designation Strategy Continues Momentum with Crop Insurers Jan 08, 2018 19:00 JST Catastrophe modeling firm AIR Worldwide announced that Hudson Crop, a unit of Hudson Insurance Group, has selected the AIR Fund Designation Service to enhance its fund designation strategy. More info..

AIR Updates Insured Loss Estimates for Hurricane Maria Dec 07, 2017 07:30 JST Catastrophe modeling firm AIR Worldwide announced that it has updated its loss estimates for Hurricane Maria. More info..

AIR Estimates Insured Losses from M7.0 Japan Earthquake at Between JPY 180 Billion (USD 1.7 Billion) and JPY 320 Billion (USD 2.9 Billion)
Apr 21, 2016 09:00 JST

Catastrophe modeling firm AIR Worldwide estimates that industry insured losses to properties from the April 16 M7.0 earthquake that struck Kumamoto Prefecture on Japan's Kyushu Island will be between JPY 180 billion and JPY 320 billion.
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AIR Releases Industry's First Open Source Cyber Scenario Apr 11, 2016 20:00 JST Catastrophe modeling firm AIR Worldwide today announced it has released the industry's first open source deterministic cyber risk scenario. More info..

American Family Insurance Brings Catastrophe Modeling In-House: Uses AIR's Touchstone Software Platform Apr 04, 2016 18:10 JST Catastrophe modeling firm AIR Worldwide (AIR) today announced that American Family Insurance Group has chosen to conduct catastrophe modeling in-house by implementing AIR's Touchstone(R) platform to support its enterprise risk management practice. More info..

AIR Worldwide's Earthquake Model for Peru Approved by Peruvian Insurance Regulator Superintendencia de Banca y Seguros
Dec 22, 2015 22:30 JST

Catastrophe modeling firm AIR Worldwide (AIR) today announced that its earthquake model for Peru has been officially approved by Peruvian insurance regulator Superintendencia de Banca y Seguros (SBS) to offer catastrophe modeling services to local insurance companies in the region. AIR Worldwide is a Verisk Analytics (Nasdaq:VRSK) business.
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Global Adoption of AIR's Touchstone Platform Continues across the Industry as Companies Choose a Proven Solution Dec 04, 2015 05:00 JST Catastrophe modeling firm AIR Worldwide (AIR) today announced the continued adoption of Touchstone(R) across the insurance and reinsurance industries, including specialty markets and the Lloyd's market. More info..

AIR Worldwide Estimates Insured Losses from M8.3 Earthquake in Chile at Between CLP 400 Billion and CLP 600 Billion
Sep 22, 2015 05:30 JST

Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the M8.3 earthquake that struck Chile's central coast near Illapel on September 16 will be between CLP 400 billion (USD 600 million) and CLP 600 billion (USD 900 million). AIR Worldwide is a Verisk Analytics (Nasdaq:VRSK) business.
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