AIR Worldwide, a risk model software and consulting services provider, has released the latest version of its Hurricane Model Version 12.0 for the United States. The new version features updated hazard and vulnerability components, including a full 4-D structural blueprint of a hurricane, and can dictate knowledge of the “development of the storm footprint over time, the rate of the decrease in wind speed moving away from the eye of a hurricane, and the relationship between upper-level and surface winds,” AIR said.

Certified by the Florida Commission on Hurricane Loss Projection Methodology, the new model includes the latest from the United States Geological Survey (USGS) Land Use Land Cover (LULC) data published in 2007. Illinois, Indiana and Missouri, have been added to the list of covered states, which brings the number up to 29 states and Washington, D.C.

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.)

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access