AIR Worldwide Appoints Dr. Jayanta Guin Executive Vice President
Under Dr. Guin’s Leadership, AIR Remains Committed to Delivering the Most Scientifically Advanced Models in the Industry
BOSTON, April 14, 2014 — Catastrophe modeling firm AIR Worldwide (AIR) today announced that Dr. Jayanta Guin has been appointed executive vice president. In his new role, Dr. Guin will continue to direct AIR’s innovative research program as well as assist with strategic management of AIR’s overall business strategy and new initiatives. Dr. Guin will also lead research and model development efforts for emerging risks across the globe, such as excess mortality, and oversee an enhanced analytical framework for a new generation of catastrophe models. AIR is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK).
“In my new role, I will remain focused on what is most important to our clients — delivering the most scientifically advanced, reliable, and stable models in the industry and providing technology that empowers them to own the risk,” said Dr. Guin. “We are ahead of the curve with the release of our software platform, Touchstone®, and 60 companies are already experiencing the benefits of it, with many more in the queue. We will continue to set ourselves apart by delivering the most robust models combined with a broader suite of data and analytics, such as noncatastrophe losses, into one workflow by leveraging the many data assets from our parent company, Verisk Analytics.”
In addition to the continued and rapid development of Touchstone, there are many model initiatives under way, including the industry’s first fully probabilistic and detailed inland flood model for the United States, which will be released this summer. AIR’s state-of-the-art model will answer the risk pricing and management needs of both the insurance industry and government for more detailed flood modeling.
“We are very excited to have Jay continue to lead our model development efforts as we set the standard for delivering the industry’s most advanced models,” said Ming Lee, president and CEO of AIR Worldwide. “We realize that it is our modeling expertise that companies value most highly, and we will never lose sight of our core value as a catastrophe modeling company. Moreover, we greatly value Jay’s key insights that inform our business strategy.”
About AIR Worldwide
AIR Worldwide (AIR) is the scientific leader and most respected provider of risk modeling software and consulting services. AIR founded the catastrophe modeling industry in 1987 and today models the risk from natural catastrophes and terrorism in more than 90 countries. More than 400 insurance, reinsurance, financial, corporate, and government clients rely on AIR software and services for catastrophe risk management, insurance-linked securities, detailed site-specific wind and seismic engineering analyses, and agricultural risk management. AIR is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK) and is headquartered in Boston with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com.