AIR Offers Systems Update
Mar/24/2010 08:59 AM Filed in: Modeling
Firms
Both CATRADER and
CLASIC/2 will move to version 11.5.
Modeling firm
AIR
Worldwide says
that it is issuing an update for two of its
catastrophe risk management systems that will give
insurance linked securities (ILS) managers and risk
managers additional insight into existing
contracts.
Boston-based AIR says that it is issuing CATRADER Version 11.5 which allows companies to manage multiple portfolios that have a multiple reinsurance contracts, ILS, sidecars, and private placements.
The update to CATRADER will also allow managers to measure the risk of reinsurance and ILS contracts over multiple years and include an enhanced reporting functionality that will allow for dynamic filtering by contract, peril, and region.
“Now, investors and reinsurers can more easily assess the impact of new investments or contracts on their existing portfolios to maximize return on investment,” said Uday Virkud, executive vice president at AIR in a press statement.
The firm also announced updates to its CLASIC/2 application that will allow importing and exporting of exposure data in the ACORD U.S. Property Binding Authority Standard.
The CLASIC/2 update will also include a streamlined catalog of events for China earthquake and typhoon as well as Japan earthquake.
Boston-based AIR says that it is issuing CATRADER Version 11.5 which allows companies to manage multiple portfolios that have a multiple reinsurance contracts, ILS, sidecars, and private placements.
The update to CATRADER will also allow managers to measure the risk of reinsurance and ILS contracts over multiple years and include an enhanced reporting functionality that will allow for dynamic filtering by contract, peril, and region.
“Now, investors and reinsurers can more easily assess the impact of new investments or contracts on their existing portfolios to maximize return on investment,” said Uday Virkud, executive vice president at AIR in a press statement.
The firm also announced updates to its CLASIC/2 application that will allow importing and exporting of exposure data in the ACORD U.S. Property Binding Authority Standard.
The CLASIC/2 update will also include a streamlined catalog of events for China earthquake and typhoon as well as Japan earthquake.