AIR Worldwide Expands Its Inland Flood Modeling Capabilities to Japan
(Thomson Reuters ONE) -
For Immediate Release:
AIR Worldwide Expands Its Inland Flood Modeling Capabilities to Japan
Release of Touchstone Version 5.1 includes new geospatial features
BOSTON, Oct. 23, 2017 - Catastrophe modeling firm AIR Worldwide has introduced a
new inland flood model for Japan along with enhancements to its Japan typhoon
model. These models are part of Version 5.1 of AIR's comprehensive catastrophe
modeling software platform, Touchstone(®). AIR Worldwide is a Verisk
(Nasdaq:VRSK) business.
"Until now, the industry has lacked the tools to effectively quantify inland
flood risk in Japan," said Dr. Jayanta Guin, chief research officer at AIR
Worldwide. "We're excited to add Japan to our growing portfolio of high-
resolution flood models. The model represents another step forward in helping
the industry manage this complex risk by better understanding the severity,
frequency, and loss potential of extreme flood events in Japan."
The AIR Inland Flood Model for Japan is an innovative model that explicitly
simulates the effects of on- and off-plain inland flooding from sources other
than tropical cyclones. Non-tropical systems that trigger inland flooding
account for 40 percent of flood losses in Japan. The new probabilistic model
captures the complexities of the flood peril in an area of more than 377,000
square kilometers divided into over 20,000 unit catchments for a river network
exceeding 100,000 km in length-and takes flood defenses into consideration. The
model was calibrated and validated using observational data based on river flows
at nearly 1,000 locations, as well as lake and dam storage data from more than
2,000 locations.
The model generates flood events by way of a large-scale hydrological model that
simulates continuous surface runoff and river flows using a method that learns
the patterns of precipitation from observed tropical cyclone and non-tropical
cyclone systems. The model takes into account river shape, dams, levees, and
other structures when computing discharge at each location along the river
network. Preexisting conditions-including lake and dam storage and soil
saturation-that can exacerbate flood conditions are explicitly accounted for.
The new inland flood model can be used with AIR's Japan typhoon model to develop
a complete understanding of flood risk for Japan. This model, updated to include
a completely new typhoon-induced precipitation module, also captures the risk
from wind and storm surge.
Both Japan models are released in Touchstone 5.1, which also features
significant enhancements to the geospatial module. The improved architecture has
resulted in significant reductions in analysis run times (including improved
performance of dynamic ring analyses). The user interface has also been enhanced
to streamline the setup of geospatial analysis and allows for additional map
visualization so that users can see what they are analyzing before they begin
investigating further.
The update also includes new mapping tools to provide more robust GIS
functionality and support for a wider variety of data formats that allow users
to import GIS data from many more external sources directly into the geospatial
module. Expanding the ability to bring data into Touchstone from third-party
sources, including the National Oceanic and Atmospheric Administration (NOAA),
Federal Emergency Management Agency (FEMA), and other GIS data providers,
enables users to better visualize and understand their risk.
"Touchstone is fast becoming the industry's preferred catastrophe modeling
application, and now, on our fifth full release, we're excited to bring new
enhancements to the usability and functionality of the software," said Rob
Newbold, executive vice president at AIR Worldwide. "These latest updates will
continue to simplify companies' risk management workflows while also helping
them develop their own view of risk in one easy-to-use, comprehensive risk
management platform."
The AIR Inland Flood and Typhoon Models for Japan are available in the
Touchstone Version 5.1 and CATRADER(®) Version 19.1 catastrophe risk management
systems.
About AIR Worldwide
AIR Worldwide (AIR) provides risk modeling solutions that make individuals,
businesses, and society more resilient to extreme events. In 1987, AIR Worldwide
founded the catastrophe modeling industry and today models the risk from natural
catastrophes, terrorism, pandemics, casualty catastrophes, and cyber attacks
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
(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
617-267-6645
klong(at)air-worldwide.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AIR Worldwide via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.10.2017 - 12:16 Uhr
Sprache: Deutsch
News-ID 564756
Anzahl Zeichen: 6041
contact information:
Town:
Boston
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 202 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"AIR Worldwide Expands Its Inland Flood Modeling Capabilities to Japan"
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).
