AIR Worldwide has incorporated a climate-change analysis tool into its Catastrophe Risk Engineering (CRE) program, adding the reality of increasingly volatile weather into risk scenarios that may impact companies and emergency services.
The new tool, named Real-Time Climate Risk Analytics, plays out a variety of simulated storm scenarios, including those more intense than have been historically recorded–forecasting their track, intensity, damage, and loss analysis on an organization's assets and business continuity as the event evolves.
"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 Peter Dailey, vice president and director of atmospheric science at AIR Worldwide.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
