AIR Worldwide launches new reinsurance, ILS catastrophe-risk model

U.S.-based risk modeling firm AIR Worldwide Corp. has launched a new catastrophe risk model for estimating potential losses related to reinsurance contracts, industry loss warranties and insurance-linked securities, Artemis.bm reports. Touchstone Re allows insurers, reinsurers and ILS funds to price reinsurance structures and analyze exposure to catastrophe risks. The model also allows users to benchmark their portfolio risk relative to the industry and provides zone-based analytics and facility to share data between companies.

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