White Papers
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pdf - 774 Kb
April 26, 2013
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.
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White Papers
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pdf - 366 Kb
January 31, 2013
For the 2013 season, policy conditions for the China MPCI program have changed in several provinces. This will have an impact on the premium collected and on the risks that are being written in certain provinces. This paper describes the nature of those changes and the premium adjustment factors that AIR has developed to help companies analyze their 2013 China MPCI submissions using the AIR MPCI model for China.
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White Papers
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pdf - 657 Kb
October 11, 2014
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.
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Brochures | Model
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pdf - 3039 Kb
October 01, 2017
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.
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Brochures | Model
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pdf - 1268 Kb
August 22, 2018
The brochure provides an overview of the AIR Severe Thunderstorm Model for Europe. The model estimates the frequency, severity, and geographical distribution of potential losses from hail and straight-line winds across 22 countries.
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White Papers
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pdf - 3796 Kb
June 24, 2017
This white paper examines how climate change affects the severity of extreme weather phenomena, and describes its implications for catastrophe modeling and the insurance industry.
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Brochures | Model
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pdf - 2629 Kb
May 11, 2015
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.
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Brochures | Model
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pdf - 8869 Kb
August 05, 2013
This brochure provides an overview of the AIR Earthquake Model for Hawaii. The model offers a comprehensive view of Hawaii’s seismicity by integrating historical data with regional USGS hazard information. Supporting 78 construction classes, the model captures the vulnerability of the state’s building stock, including single wall wood frame structures—a prevalent and vulnerable building type in Hawaii—and hale, an indigenous structure. The AIR model is an essential tool for companies that want to develop comprehensive risk management strategies to prepare for the impact of the next damaging earthquake in Hawaii.
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White Papers
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pdf - 976 Kb
June 02, 2021
This white paper discusses the demand surge perspective on European extratropical cyclones and uses the 1990, 1999, and 2007 seasons as case studies.
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Brochures | Model
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pdf - 3630 Kb
November 21, 2013
About 4,000 earthquakes occur annually in Canada, although most are too small to be felt. The AIR Earthquake Model for Canada will provide companies with the most advanced tool for assessing potential losses from ground shaking, fire following earthquake, tsunami, liquefaction, and landslide for the Canadian market and will be a significant tool for compliance with OSFI Guideline B-9.
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