November 25th, 2014

Emerging Risk: Commercial Terrorism Models

Posted at 1:00 AM ET

The catastrophe modeling companies have regularly updated their terrorism models over the years to reflect the changing threat landscape and help (re)insurers and other market participants perform robust terrorism risk assessments. Such updated products from RMS and AIR include:

RMS Probabilistic Terrorism Model (PTM) Exceedance Probability (EP) Analysis: EP results and deterministic losses for certain weapon/target combinations.

RMS RiskLink Deterministic Analysis: Identifies accumulations around designated RMS terror targets as well as portfolio-specific hot spots used to respond to the A.M. Best Supplemental Rating Questionnaire.

AIR CLASIC/2 Terrorism Analysis: EP results and deterministic losses for certain weapon/target combinations. Accumulation analysis is available on a consulting basis.

AIR Touchstone Terrorism Analysis: Next generation version of AIR platform incorporating terrorism-related features of CLASIC/2 along with interface usability and analysis efficiency enhancements.

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