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2014-04-09

AIR Worldwide: AIR's Touchstone to Integrate Third-Party Catastrophe Data and Models

For Immediate Release:

AIR's Touchstone to Integrate Third-Party Catastrophe Data and Models

BOSTON, April 9, 2014 - Catastrophe modeling firm AIR Worldwide (AIR) today
announced that, due to the widespread and successful market adoption of its
Touchstone®software platform, a large number of third-party suppliers have
chosen to provide their data and models through Touchstone. Those third-party
suppliers include Ambiental, ERN, EuroTempest, IHS Inc., KatRisk, Met Office,
PERILS, and SSBN. Touchstone creates a truly open platform for insurers and
reinsurers to manage their exposures and catastrophe risk. This integration
will allow users to assess and manage risk across a wide range of perils,
including flood, terrorism, earthquake, tropical cyclone, and other perils.
AIR is a member of the Verisk Insurance Solutions group at Verisk Analytics
(Nasdaq:VRSK).

"Touchstone was designed to be an open platform, allowing clients to import
third-party hazard layers or run multiple alternative models on a single
platform for a more complete view of risk," said Ming Lee, president and CEO
of AIR Worldwide. "Because we have not adopted a 'usage fee' or
'pay-per-click' pricing model for Touchstone, availability of third-party
models and hazard layers will encourage our clients to run more analyses, not
fewer, to explore and compare alternative views and truly own their risk.
Having those models and hazard layers available from within a single platform
will also significantly improve workflow and productivity."

"We are very pleased that AIR is enabling integration of our many flood hazard
maps through its Touchstone platform," said Guy Morrow, cofounder of KatRisk.
"This will help deliver new sources of data to a much broader audience, which
is particularly important for a complex peril such as flood. We hope that
companies using our data through Touchstone will be able to achieve a much
broader view of risk."

"We applaud AIR for allowing our models and hazard data for Mexico and Latin
America to run alongside its global suite of models in Touchstone," said
Eduardo Reinoso, CEO at ERN. "There are many operational benefits to
providing models from multiple developers on a single platform, including
significantly reduced data preparation and processing time, easier viewing,
and comparison of multiple results."

In addition to continuing discussions with other third-party data and model
providers, AIR is also cementing links and enabling closer integration with
other major industry organizations, such as the Global Earthquake Model (GEM)
and PERILS. AIR was a founding member and key contributor to GEM, which is
developing an open-source platform for sharing data, models, and knowledge
about seismic risk assessment. Additionally, PERILS and AIR already allow
their mutual clients to seamlessly integrate the PERILS Industry Exposure
Database (IED) and event sets generated using this IED.

"We look forward to collaborating with other data and model providers as we
continue to offer the most complete exposure and catastrophe management
solution via Touchstone," said Dr. Milan Simic, senior vice president and
managing director of international operations at AIR Worldwide. "Our approach
- to empower companies to make decisions based on their free choice and
specific needs, whether they are scientific, technical, actuarial or
technology-based - is being met with enthusiasm by our clients."

About AIR Worldwide
AIR Worldwide (AIR) is the scientific leader and most respected provider of
risk modeling software and consulting services. AIR founded the catastrophe
modeling industry in 1987 and today models the risk from natural catastrophes
and terrorism in more than 90 countries. More than 400 insurance,
reinsurance, financial, corporate, and government clients rely on AIR
software and services for catastrophe risk management, insurance-linked
securities, detailed site-specific wind and seismic engineering analyses, and
agricultural risk management. AIR is a member of the Verisk Insurance
Solutions group at Verisk Analytics (Nasdaq:VRSK) and is headquartered in
Boston with additional offices in North America, Europe, and Asia. For more
information, please visitwww.air-worldwide.com.

###

For more information, contact:
Kevin Long
AIR Worldwide
+1-617-267-6645
klong@air-worldwide.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AIR Worldwide via Globenewswire

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