American Family Insurance Brings Catastrophe Modeling In-House: Uses AIR's Touchstone Software Platform
(Thomson Reuters ONE) -
For Immediate Release:
American Family Insurance Brings Catastrophe Modeling In-House:
Uses AIR's Touchstone Software Platform
BOSTON, April 4, 2016 - Catastrophe modeling firm AIR Worldwide (AIR) today
announced that American Family Insurance Group, the third-largest mutual
property/casualty insurance company in the United States, has chosen to conduct
catastrophe modeling in-house by implementing AIR's Touchstone(®) platform to
support its enterprise risk management practice. American Family will connect to
Touchstone through the AIR Cloud, a secure, feature-rich environment that
enables American Family to conduct all of its analyses from anywhere while
minimizing capital expenditure. AIR Worldwide is a Verisk Analytics
(Nasdaq:VRSK) business.
Touchstone provides a comprehensive solution to understanding the risk from a
broad range of catastrophe perils, which can help insurers and reinsurers make
better informed pricing, underwriting, and risk transfer decisions. AIR
developed Touchstone to give companies the flexibility to deploy the environment
however they choose, be it a traditional on-premises installation or in the
cloud.
"Bringing catastrophe modeling in-house is a trend continuing across the
industry as companies like American Family increasingly look to perform more
sophisticated risk management analyses," said Rob Newbold, executive vice
president, AIR Worldwide. "We're pleased American Family selected Touchstone and
our innovative cloud offering to help bring them to the next level in their
catastrophe risk management capabilities."
American Family has licensed several of AIR's catastrophe models for the United
States, as well as additional analytics and data quality capabilities.
Newbold concluded, "When it comes to the deployment of AIR software, we believe
in choice. Clients that wish to move their catastrophe modeling environment into
the cloud to take advantage of the resource efficiencies that environment has to
offer have that option with Touchstone. AIR offers companies remote access to
Touchstone in a secure environment, while providing the same functionality as an
on-premises installation without incurring the costs required to build and
maintain a catastrophe modeling environment on-site."
About American Family Insurance
Madison, Wisconsin-based American Family Insurance is the nation's third-largest
mutual property/casualty insurance company and ranks 358th on the Fortune 500
list. The company sells American Family-brand products, including auto,
homeowners, life, business, and farm/ranch insurance, through its exclusive
agents in 19 states. American Family affiliates (The General, Homesite, and
AssureStart) also provide options for consumers who want to manage their
insurance matters directly over the Internet or by phone. Web: www.amfam.com;
Facebook: www.facebook.com/amfam; Twitter: www.twitter.com/amfam. Google+:
plus.google.com/+amfam/
About AIR Worldwide
AIR Worldwide (AIR) provides catastrophe risk modeling solutions that make
individuals, businesses, and society more resilient. AIR founded the catastrophe
modeling industry in 1987, and today models the risk from natural catastrophes
and terrorism globally. Insurance, reinsurance, financial, corporate, and
government clients rely on AIR's advanced science, software, and consulting
services for catastrophe risk management, insurance-linked securities, site-
specific engineering analyses, and agricultural risk management. AIR Worldwide,
a Verisk Analytics (Nasdaq:VRSK) business, is headquartered in Boston with
additional offices in North America, Europe, and Asia. For more information,
please visit www.air-worldwide.com.
###
For more information, contact:
Kevin Long
AIR Worldwide
+1-617-267-6645
klong(at)air-worldwide.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AIR Worldwide via GlobeNewswire
[HUG#1999873]
Unternehmensinformation / Kurzprofil:
Datum: 04.04.2016 - 12:05 Uhr
Sprache: Deutsch
News-ID 461629
Anzahl Zeichen: 4863
contact information:
Town:
Boston
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 183 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"American Family Insurance Brings Catastrophe Modeling In-House: Uses AIR's Touchstone Software Platform"
steht unter der journalistisch-redaktionellen Verantwortung von
AIR Worldwide (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
