MONTE CARLO, Monaco — Catastrophe modeling firm AIR Worldwide Corp. announced Monday that users of its Touchstone software platform now will be able to use it to account for noncatastrophic risk as well as catastrophe exposures.
AIR said that this would give clients a more comprehensive view of their risks.
The modeling firm launched a new software platform, Touchstone, in early 2013 and announced the latest enhancements during the Rendez-Vous de Septembre reinsurance meeting in Monte Carlo, Monaco, Monday.
Milan Simic, London-based managing director and senior vice president at AIR, said that next year the company would begin to model U.S. flood exposures.
Mr. Simic also noted that the company had been very active in modeling for catastrophe bonds.
He said the company has provided modeling and analytics for $25 billion in catastrophe bond issuance since the cat bond industry began in 1996. Since 2009, Mr. Simic said, AIR has provided modeling for $15 billion in cat bond issuance.
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