This document describes the key advantages of the AIR Tropical Cyclone Model for Mexico, which is designed to meet the unique risk management needs of companies exposed to wind and precipitation-induced flood resulting from tropical cyclones impacting Mexico. The AIR model’s basinwide catalog covers Mexico as well as the U.S., the Caribbean, Central America, and U.S. offshore assets.

This brochure provides an overview of the AIR Tropical Cyclone Model for Hawaii, which captures the risk from tropical cyclone winds and implements a novel method for modeling simulated storm tracks. In addition, AIR engineers have developed wind damage functions for 71 different construction classes—including residential structures unique to Hawaii—that reflect regional construction practices, evolution of building codes, and historical tropical cyclone experience. The model also includes four Extreme Disaster Scenarios (EDS) to help companies prepare for large loss potential.

At the midpoint of an already active 2008 hurricane season, AIR issued a white paper to provide an update on its original research on climatological influences on hurricane landfall risk. The white paper explains in detail AIR’s approach to creating a climate-conditioned view of U.S. hurricane risk and outlines a robust approach to catastrophe risk assessment using multiple views of the risk.

After the catalytic 2004 and 2005 hurricane seasons in the United States, the insurance industry wondered if a “new normal” was establishing itself in the Atlantic basin.

This document describes the key advantages of the AIR Tropical Cyclone Model for India, which is designed to meet the unique risk management needs of companies exposed to wind, precipitation-induced flood, and storm surge resulting from Indian tropical cyclones.

In October 2013, Cyclone Phailin struck near Golpapur on India’s east coast. While it was the strongest landfall in India in 14 years, insured losses were low because the storm affected a relatively sparsely populated region. This paper examines potential losses given alternate landfall scenarios, as well as the possible impact of storms stronger than Phailin.

This brochure provides an overview of the AIR Typhoon Model for South Korea. The model explicitly captures both wind and precipitation-induced flood risk and determines the combined losses. The model also accounts for the impact of flood defense systems in mitigating flood risk. AIR’s detailed software systems support an extensive portfolio of policy terms and conditions, including location and policy limits and deductibles and both treaty and facultative (assumed and ceded) reinsurances. The model explicitly includes the “maximum of site” type of deductible, a common commercial policy condition in the Korean market.

This white paper discusses the demand surge perspective on European extratropical cyclones and uses the 1990, 1999, and 2007 seasons as case studies.

This brochure provides an overview of the AIR Typhoon Model for China. The model offers an advanced understanding of the wind and flood risk associated with this peril based on findings from collaborative research between AIR and the Shanghai Typhoon Institute (STI). Special damage functions for Construction All Risks/Erection All Risks (CAR/EAR) exposures capture the time-dependent vulnerability of buildings under construction—a critically important feature of the model given China’s continued rapid growth. CLASIC/2™ users can benefit from is the availability of a disaggregation tool that enables clients with province-level exposure data to take advantage of detailed industry exposure and hazard information.

This brochure provides an introduction to the AIR Tropical Cyclone Model for Mexico, which features a basinwide catalog of simulated events to enable companies to assess risk to portfolios that span Mexico, the Caribbean, the United States and even the Gulf of Mexico (offshore assets). The AIR model incorporates a high-resolution flood module to estimate the severity of precipitation-induced flooding, the probability of which can be exacerbated by Mexico's mountainous terrain. The model explicitly accounts for the complex teleconnections between the El Niño-Southern Oscillation and Atlantic wind shear, appropriately reflecting the negative correlation between tropical storm genesis in the two basins.