AIR Releases 2002 Models for Asia-Pacific Region; Extends Fire-Following to Japan Earthquake Model.Business Editors BOSTON--(BUSINESS WIRE)--Feb. 5, 2002 Applied Insurance Research, Inc. (AIR), a leading catastrophe modeling
A highlight of the release is the updated Japan earthquake model, which features the capability to estimate losses from earthquake- induced fires. This component of the AIR damage estimation A preliminary appraisal of the potential effects of an attack. See also attack assessment. module uses a separate dynamic simulation Dynamic Simulation is similar to a physics engine, the technology used in many powerful computer graphics software programs, like 3ds Max, Maya, Lightwave, and many others to simulate physical characteristics. to calculate the rate of fire ignitions as a function of earthquake intensity and construction type, the spread of the fire as affected by wind conditions and building density, and the capacity of available firefighting resources to respond to and suppress fires. "The release of the Japan fire-following model will allow our clients to estimate Earthquake Fire Expense Insurance (EFEI EFEI East Florida Eye Institute (Stuart, FL) EFEI Earthfax Engineering Incorporated ) losses in time for their renewals," said Patricia Donahue, Senior Vice President, AIR Software Services. The newly released Australia typhoon model features an enhanced methodology for estimating changes in primary model parameters, such as central pressure, forward speed, and radius of maximum winds, along fully probabilistic (probability) probabilistic - Relating to, or governed by, probability. The behaviour of a probabilistic system cannot be predicted exactly but the probability of certain behaviours is known. Such systems may be simulated using pseudorandom numbers. , curving and recurving storm tracks. "In addition to a significant upgrade of the model's hazard component, new damage functions have been developed for a wider variety of construction types and occupancy classes," said Dr. Jayanta Guin, Vice President, AIR Research and Modeling. Applied Insurance Research is the technological leader in providing catastrophe modeling services and computer software solutions (CATMAP(R)/2, CLASIC/2(TM), CATRADER(R) and AIRProfiler(TM)) to the insurance, reinsurance and capital markets. AIR's models simulate losses from natural catastrophes such as hurricanes, hail, tornadoes, other windstorms, flood and earthquakes in over 30 countries. Offices are located in Boston, London, Seattle, Hyderabad and San Francisco. The company's web address is www.air-worldwide.com. |
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