BOSTON, May 16, 2016 — Catastrophe modeling firm AIR Worldwide announced that it has released a hosted cloud solution for its catastrophe risk management platforms Touchstone® and CATRADER®. The AIR Cloud is a secure, feature-rich environment that enables companies to conduct all of their analyses remotely while minimizing capital expenditure. More than a dozen companies are already up and running on the AIR Cloud, including the recent addition of American Family Insurance. AIR Worldwide is a Verisk Analytics (Nasdaq:VRSK) business.
“Deploying our catastrophe modeling environment to the AIR Cloud is a safe, dependable choice that provides all the functionality of an on-premises installation while reducing our IT spend,” said Warren W. Hopper, CCM, vice president, BancorpSouth Insurance. “With AIR’s hosted cloud solution, we don’t have any infrastructure, maintenance, or hardware procurement concerns, and we were up and running in a matter of days. We’re extremely pleased with our overall user experience on the AIR Cloud. The process has been seamless, and the performance mirrors that of an on-site implementation.”
The AIR Cloud provides a secure, scalable way to access Touchstone that offers all the benefits, features, and security of an on-premises installation without the expense of maintaining a catastrophe modeling platform on-site. With the AIR Cloud, companies can access their catastrophe modeling platform from anywhere on any device at any time to conduct detailed risk analyses, with no special software or third-party plug-ins required. Additionally, the AIR Cloud reduces demand for IT resources because AIR handles all installation, maintenance, and support.
The AIR Cloud supports integration of Touchstone with the customer’s existing business systems using APIs (application program interface). The AIR Cloud–hosted Touchstone environment is maintained in certified state-of-the-art data centers and fully isolated from other cloud tenants in terms of security fencing and compute and storage resources. Data is protected by industrial-grade security measures and technologies both in the AIR Cloud and during transfer. By using the AIR Cloud, organizations can ensure the software is kept up to date on their schedule, allowing for continued high performance.
“AIR is committed to providing clients with the catastrophe modeling environment that works best for their organization, whether on-premises or in the cloud,” said Peter Lewis, senior vice president at AIR Worldwide. “Increasingly, companies are looking for ways to perform sophisticated risk management analyses without undertaking the large capital expenditure required to build a catastrophe modeling environment on-site. With the AIR Cloud, clients can leverage the high-performance technology of Touchstone to conduct all their analyses remotely.”
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.