Reinsurance is a
highly complex, constantly evolving global business. Meanwhile, market-cycle
pressures and tightening regulation have spurred companies to continually look
for that competitive advantage that will ensure profitable growth.
Proven Solutions for Reinsurers
Of critical importance
in such a dynamic marketplace is confidence the ability of your catastrophe
model to provide the most realistic and comprehensive view of risk available.
Reinsurers rely on AIR’s global suite of catastrophe models to estimate the
loss potential of complex treaties and contracts quickly and to assess their marginal
impact on an existing book of business. AIR offers software tools for
reinsurers that make the decision-making process with respect to pricing and participation
extremely efficient, and that are designed to handle exposure data of all types
and resolutions. AIR’s high-quality industry exposure databases can be used to
help companies with coarse data improve their catastrophe risk analyses.
Innovative Software Solutions
AIR's software
solutions for reinsurers support a wide array of complex structures and
financial terms. Armed with the ability to specify loss triggers, geographic
areas, event parameters and contract duration, our solutions are ideal for
assessing all types of risk transfer alternatives.
Reinsurers are
investors too. AIR offers industry-leading tools for analyzing many types of
financial instruments, including insurance-linked securities and industry loss
warranties that reinsurers may be looking to add to their investment portfolio.
As the market grows in complexity, so does the risk landscape. In the face of an
uncertain climate, reinsurers must prepare for years in which there will be
multiple losses. AIR's software solutions are unique in their ability to
analyze the probability and loss potential of multiple-event years, while at
the same time enabling companies to estimate the losses to their portfolios
from the individual events that make up a multiple-event season.
Data Quality Solutions
Concern about the
quality of a cedant’s exposure data can be an unwelcome intruder into the
workflow process. AIR’s TruExposure™ offers solutions to quickly assess the
completeness and accuracy of a cedant’s data and compare that data to industry
averages in AIR’s U.S. Industry Exposure Database—all in a way that can fit
within a company’s current workflow. A comprehensive effort to
improve exposure data quality can not only improve decision-making across the
enterprise but can also provide a clear competitive advantage.
For all of these reasons and more, over 90% of reinsurance
capacity in the U.S. is priced using AIR models. They depend on AIR for:
- CLASIC/2™ AIR's desktop application for individual risk selection, pricing and portfolio management
- CATRADER® AIR's application for comprehensive catastrophe risk analysis using aggregate exposure data
- TruExposure™ Data Solutions Comprehensive suite of solutions to assess and improve the accuracy of your exposure data
- AIR Integration Solutions Customizable solutions that enable AIR data and analytics to be embedded into your applications and workflows
- Catastrophe Risk Assessment and Management Quantify exposure to catastrophe risk in order to make optimal risk management, risk transfer and risk mitigation decisions
- Risk Transfer (Reinsurance and Securitization) Consulting services to issuers of and investors in the increasingly diverse array of reinsurance and insurance-linked securities being structured and marketed today
- ALERT™ Provides loss estimates in real time as catastrophes unfold
- AIR Institute Comprehensive programs designed to meet the industry’s growing need for skilled catastrophe risk modelers and managers
Listed below are additional materials of interest to reinsurers: