Catastrophe modeling firm AIR Worldwide announces the availability of Real-Time Climate Risk Analytics, a new service for corporations and emergency management agencies to help them better manage and assess their risk from natural catastrophes.

AIR's new climate risk service addresses the uncertainty in data reported in real time by incorporating a wide range of catastrophe loss scenarios, including low-probability but high-impact outcomes, for improved planning and decision making. Companies and emergency management agencies can receive a real-time view of risk that is specific to the vulnerabilities of assets, such as an industrial facility, a set of retail locations, or an entire region.

"AIR developed Real-Time Climate Risk Analytics in direct response to a need expressed by our clients for a customizable solution that quantifies the risk of storm activity prior to landfall and assesses what the resulting physical and financial impacts could be to their properties," says Dr. Peter Dailey, vice president and director of atmospheric science at AIR Worldwide. "By combining Real-Time Climate Risk Analytics with AIR's Catastrophe Risk Engineering (CRE) services, AIR provides an end-to-end solution, from site-specific analysis for modeling the vulnerabilities of assets to real-time climate risk services that help risk managers and agencies better prepare for natural catastrophes. Decisions can now be made based on the physical and financial risk to the assets under consideration."