AIR Debuts CAT Analysis Tool

NU Online News Service, June 29, 2:52 p.m.EDT?AIR Worldwide Corp. has announced the release ofCLASIC/2, its interactive desktop system for catastrophe riskassessment and management.[@@]

According to Boston-based AIR, the latest release includesenhancements that improve workflow for users across AIR's spectrumof clients, including insurers, reinsurers, intermediaries andcorporations.

"As more companies are adopting a multi-model approach to assesscatastrophe risk, new challenges are arising with respect to dataexchange and workflow," said Patricia Donahue, senior vicepresident at AIR.

She said, "AIR has introduced a number of enhancements to itssoftware products to improve client workflow, enabling them tospend less time on data processing and more time on whatmatters?analysis and decision-making."

Features in the new release include:

? Bulk Data Import, which allows clients to import bulk datafrom any text file without reformatting.

? Claim Counts Calculation and Reports, which enables users toestimate the expected number of claims for any desired geographicarea.

? CRESTA-level Data Import for Europe, which supports theimportation of CRESTA-level exposure data, in addition to thedetailed data CLASIC/2 has always supported.

? Florida Output Range Report, which facilitates compliance withFlorida insurance regulations requiring output range reports.

"This release builds on previous data exchange enhancements,including a recently introduced utility that enables cedants,brokers and reinsurers to seamlessly share CLASIC/2 databases,"said Ms. Donahue.

AIR is a risk modeling company helping clients manage thefinancial impact of catastrophes and weather. Utilizing science andtechnology, AIR models natural catastrophes in more than 40countries and the risk from terrorism in the United States. Moreinformation is available at www.air-worldwide.com.