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News - AIR issues white paper on preparing for multiple catastrophes.
(From Reinsurance)
The 2004 hurricane season demonstrated the financially destructive potential of several moderate hurricanes occurring within a single year. To help insurers and reinsurers analyse and prepare for similar years in the future, AIR Worldwide Corporation has released a white paper entitled 'Analyzing and Preparing for Multiple Event Seasons.'
The white paper includes a detailed explanation of how insurers can explicitly account for the probability of multiple events in a single year. A case study demonstrates techniques that insurers can use to manage the risk of multiple-event and multiple-peril years.
The AIR white paper provides insurers with practical techniques for analysing and preparing for multiple-event and multiple-peril seasons. A case study illustrates how AIR systems can ...
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