Released in January 2013, AIR Worldwide’s Touchstone modeling platform was five years in the making, according to the catastrophe modeling firm’s new chief operating officer.
Executive Summary
Contributing to Carrier Management's continuing series of articles on risk models, Bill Churney responds to questions about AIR Worldwide's latest platform, Touchstone; its goal of allowing carriers to "own their risk"; and the firm's decision not to make its models available on competitor platforms, including RMS(one).Below, Bill Churney, a nine-year veteran of the firm who took on the role of COO earlier this month, responds to questions posed by Carrier Management’s editor about specific features of the platform as well as AIR Worldwide’s decision not to make its models available on competitor platforms, such as RMS(one).
Q: What is Touchstone? Which existing AIR Worldwide platforms does Touchstone upgrade or replace? What catastrophe models can carriers and reinsurers run on Touchstone? What other risk evaluation activities can they work on using Touchstone?
