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.

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 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.

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.

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.

AIR Tropical Cyclone Model for India Tropical cyclones have caused millions, and even billions, of dollars in damage in India. The growing number of properties on the coast, together with growing insurance penetration, make it essential for companies operating in this market to have the tools necessary to make an appro

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.

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.