AIR Worldwide has incorporated a climate-change analysis tool into its Catastrophe Risk Engineering (CRE) program, adding the reality of increasingly volatile weather into risk scenarios that may impact companies and emergency services.
The new tool, named Real-Time Climate Risk Analytics, plays out a variety of simulated storm scenarios, including those more intense than have been historically recorded–forecasting their track, intensity, damage, and loss analysis on an organization's assets and business continuity as the event evolves.
"AIR developed Real-Time Climate Risk Analytics in direct response to a need expressed by our clients for a customizable solution that quantifies the risk of storm activity prior to landfall and assesses what the resulting physical and financial impacts could be to their properties," says Peter Dailey, vice president and director of atmospheric science at AIR Worldwide.
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