Certified by the
The company says the model now allows for more variability, can identify the possibility of re-intensification of storms once land is hit, and includes enhancement to the damage estimation component. Damage functions for all construction and occupancy classes have been updated, AIR said. Users are now able to track the evolution of building codes for all hurricane states, and building characteristics such as roof age, roof type, window protection and glass percentage have been added to the model’s considerations.
Other updates include:
• Updates to the AIR Tropical Cyclone Model for the Caribbean, AIR U.S. Hurricane Model for Offshore Assets, AIR Extratropical Cyclone Model for Europe, AIR Tropical Cyclone Model for Mexico and AIR Earthquake Model for the United States
• Support for 64-bit versions of Microsoft Windows http://www.microsoft.com/windows/ Server 2008, Windows 7 and Windows XP to provide additional performance over 32-bit versions. (Users who upgrade from a 32-bit operating system to 64-bit on the same hardware can expect a 10% to 40% improvement in CLASIC/2 analysis times.)
• Reporting module updates (CATRADER http://www.insurancesoftwares.com/insurancesoftware/catrader.html includes a new Catastrophe Bond Summary Report that combines information from the catastrophe bond offering circular with CATRADER loss data.)