Loss Cost

26/01/2021 - 10 min read

Modeling Fundamentals: AIR Industry Exposure Databases

Industry exposure databases provide counts of all insurable properties and their replacement values, and serve as the foundation for all modeled industry loss estimates

20/10/2020 - 17 min read

Next Generation Modeling: Loss Accumulation

With newly available claims data and computational techniques, AIR has calibrated the financial engine of our catastrophe models to accurately represent loss accumulation

10/02/2020 - 4 min read

How to optimise insurance claims and improve your customer’s experience

Customer expectations are continually evolving, no more so than in the world of insurance. Customers are increasingly digital-first and choosing services based on convenience. They’re seeking easier methods to both purchase an insurance policy and make a claim when they experience a loss.

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15/01/2020 - 3 min read

Getting ahead of the claims game: Reducing the cost of personal injury claims, with or without delay to reforms

The 2018 Civil Liability Act is expected to take effect in April this year and is set to transform the handling of low-value personal injury claims in England and Wales. The Act seeks to control the growth of motor insurance premiums for “ordinary” motorists by reducing the cost of whiplash injury claims.