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AIR launches Central America tropical cyclone model in response to needs of growing regional insurance market

Thursday, July 28, 2011

\ AIR Worldwide has launched a Central America tropical cyclone model covering Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.\ \ The catastrophe risk expert says it is responding to the needs of the expanding insurance market in Central America by giving insurers access to more accurate analysis of policies and portfolios spanning multiple countries in the region.\ \ While tropical cyclone wind is a well recognised source of damage, it can also be accompanied by significant flooding and the new model incorporates high-resolution elevation and soil data to simulate this.\ \ Original source: Insurance Daily\ \ \ \