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(From Reinsurance)
Air Worldwide Corporation (AIR) has released the latest version of CATStation, its web-based catastrophe risk-management system. The firm claims its product now provides insurers with the improved ability to manage accumulations of risk at a highly localised level. CATStation also includes a number of enhancements aimed at improving insurer workflow for catastrophe-risk assessment.
The software allows companies to conduct analyses to assess the number of insured risks or aggregate insured value across lines of business within rings of user-specified radii. Insurers can ...