AIR Worldwide’sTruExposure Enables Insurers
and Reinsurers to Assess and Enhance Catastrophe
Exposure Data Quality
“TruExposure will help Montpelier Re make more informed pricing and underwriting decisions,” says Chris
Harris, president and chief executive officer, Montpelier Re Holdings Ltd.
April 05, 2010 08:21 AM Eastern Daylight Time
BOSTON--(EON: Enhanced Online News)--AIR Worldwide’s TruExposure™ Data Solutions are helping
companies exposed to catastrophe risk assess and enhance property-specific building characteristics needed for
effective catastrophe risk analysis. Global reinsurers and U.S. insurers are using TruExposure to refine catastrophe
modeling results, thereby enhancing underwriting and portfolio management decisions.
“TruExposure will provide our underwriters, analysts, and managers valuable insight into the quality of the exposure
data underlying the submissions we receive,” said Tim Aman, chief risk officer, Montpelier Re Holdings Ltd. “There
is enormous variability in the quality of cedants’ exposure data. TruExposure provides us with a comprehensive tool
for differentiating data quality between submissions and validating internal assumptions. TruExposure not only
provides an enhanced assessment of each submission but also lets us easily supplement poor exposure data with
high-quality property-specific building characteristics.”
TruExposure Data Solutions, which are now available through AIR’s CLASIC/2™ software solution or as a
consulting service, encompass three primary capabilities: validation, benchmarking, and augmentation.
l Validation determines the completeness and reasonability of property location data, building characteristics,
and replacement values within a portfolio.
l Benchmarking compares exposure data within a portfolio to industry averages and distributions of insurance
to value, construction, occupancy, and market share at various geographic resolutions.
l Augmentation enhances property-specific building characteristics and replacement-c