AIR Worldwide's TruExposure data solutions are designed to help companies exposed to catastrophe risk assess and enhance property-specific building characteristics needed for effective catastrophe risk analysis.

Global reinsurers and U.S. insurers are using TruExposure to refine catastrophe modeling results, thereby enhancing underwriting and portfolio management decisions.

TruExposure data solutions, which are available for AIR's CLASIC/2 software solution or as a consulting service, encompass three primary capabilities: validation, benchmarking, and augmentation.

• Validation determines the completeness and reasonability of property location data, building characteristics, and replacement values within a portfolio.
• Benchmarking compares exposure data within a portfolio with industry averages and distributions of insurance to value, construction, occupancy, and market share at various geographic resolutions.
• Augmentation enhances property-specific building characteristics and replacement-cost estimates when data are missing or of questionable quality.

"Enhancing the quality of exposure data used for catastrophe analysis has been identified by most insurers and reinsurers as a top priority since Hurricane Katrina," said Uday Virkud, P.E., executive vice president of AIR. "Ideally, high-quality exposure data will be captured during the insurance underwriting process and propagated through the risk transfer chain. As the industry strives to reach this goal, AIR has launched TruExposure to help insurers and reinsurers assess and enhance exposure data efficiently and cost-effectively."