Catastrophe modeling firm AIR Worldwide’s software platform, Touchstone, will include the ability to account for both catastrophe and noncatastrophe risk in an attempt to offer companies a more comprehensive view of their risk. The update will be available in future releases.
According to AIR, adding noncatastrophe analytics to Touchstone will allow companies to analyze the noncatastrophe risk of property exposures using the same exposure data that has been input for catastrophe modeling. Managing in a streamlined workflow and saving time are the overall goals for the new technology.
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