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Daily Insurance Industry News
Sunday 18th of November 2018
July 27, 2011

AIR launches Central America tropical cyclone model

by Gill Montia

Story link: AIR launches Central America tropical cyclone model

AIR Worldwide has launched a Central America tropical cyclone model covering Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.

The catastrophe risk expert says it is responding to the needs of the expanding insurance market in Central America by giving insurers access to more accurate analysis of policies and portfolios spanning multiple countries in the region.

While tropical cyclone wind is a well recognised source of damage, it can also be accompanied by significant flooding and the new model incorporates high-resolution elevation and soil data to simulate this.

According to AIR, the impact of such flooding can then be estimated based on total precipitation produced by a simulated storm, topography, elevation, and the ability of local soils to absorb water.

 

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