This paper focuses on two aspects of climate change impacts on U.S. hurricane risk, specifically related to damage to residential and commercial properties.

AIR previously introduced a ratemaking method that blends historical and modeled severe thunderstorm losses with non-cat losses to produce a composite estimate of total loss cost. This paper presents a framework to quantify the components of uncertainty in this approach.

In the aftermath of Hurricane Katrina in 2005, AIR released The Coastline at Risk: Estimated Insured Value of Coastal Properties. That report was updated in 2008; comparing its results to the 2005 report showed that the insured value of properties in coastal areas of the United States had grown at a compound annual rate of about 7%. This report represents a further update in 2013 and shows that, in the last five years, growth in insured values in coastal regions fell from 7% to just under 4% per annum.

This document describes the key advantages of the AIR Earthquake Model for Chile, which is designed to meet the unique risk management needs of companies exposed to earthquakes impacting Chile.

  This brochure gives a high-level preview of the AIR Earthquake Models for Chile, Colombia, Ecuador, Perú, and Venezuela.

This brochure provides an overview of the AIR Inland Flood Model for Japan. The model captures the risk of flooding caused by systems other than tropical cyclones, which accounts for about 40% of all insured flood losses in Japan.

The AIR Inland Flood Model for the United States is the most detailed probabilistic model available for assessing and managing inland flood risk. The AIR model explicitly models both on- and off-floodplain losses; features a component-based approach to estimate the vulnerability of buildings and their contents for all lines of business; supports primary risk characteristics and 10 secondary modifiers; and identifies separate flood occurrences spatially and temporally to reflect the physical properties of a flood while accommodating a 168-hour clause. The AIR model also helps establish a currency for understanding and quantifying risk in insurance and reinsurance transactions.

The Reinsurance Submission Pack Wizard was designed to ensure data fidelity when managing reinsurance submissions—whether you are bringing them in or delivering them to other organizations—by automating and streamlining the process of importing and exporting the data in Touchstone.

This brochure provides an overview of the AIR Tropical Cyclone Model for Australia. The model captures the risk from all three cyclone-related perils that contribute to property loss in Australia: wind, precipitation-induced flood, and storm surge. It also leverage’s AIR’s detailed industry exposure database for Australia, which provides a foundation for all modeled industry loss estimates and can be used to disaggregate exposure data to a highly detailed level for more accurate loss estimates.

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.