AIR Worldwide has added data quality scoring capabilities to TruExposure, a comprehensive suite of solutions to help property insurers and reinsurers validate, benchmark and improve exposure data used for catastrophe analyses. TruExposure data-quality scores not only quantify the potential impact of missing primary risk characteristics on catastrophe loss estimates, but also they indicate where data improvements will have the greatest benefit, AIR says.
AIR says many insurance/reinsurance companies benefit from TruExposure. The new data-scoring capability in TruExposure was designed to leverage AIR’s industry exposure database and advanced catastrophe models to provide two scores essential to understanding and improving the quality of data used for catastrophe risk assessment.
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