InterContinental Boston September 30 October 1, 2009
Wednesday, September 30 Thursday, October 1 7:30 8:30 Breakfast 8:30 9:00 Welcome 9:00 9:45 AIR Software Roadmap 9:45: 10:30 What s New in CLASIC/2 and CATStation 10:30 11:00 Break 11:00 11:45 What s New in CLASIC/2 and CATStation (repeat) 11:45 12:30 Improving Your Exposure Data through TruExposure Data Solutions 12:30 2:00 Lunch 2:00 2:45 Working with Detailed Exposure Data 2:45 3:15 Break 3:15 4:00 Efficient Portfolio Analysis Using CLASIC/2 4:00 4:45 Efficient Report Generation in CLASIC/2 and CATRADER 6:00 9:00 Dinner and Reception What s New in CATRADER What s New in CATRADER (repeat) Managing Severe Storm Risk Using CLASIC/2 and CATStation Recent Enhancements to CATRADER for Improved ILS and Reinsurance Portfolio Management Understanding and Managing the Impact of the Recent Update to AIR s Earthquake Model for the U.S. AIR Update on Recent Catastrophes 7:30 8:30 Breakfast 8:30 9:15 AIR Research Roadmap Optimizing Your CLASIC/2 and CATRADER Configurations A 9:15 10:00 CLASIC/2 Financial Module: A Probabilistic Approach to Loss Estimation A 10:00 10:30 Break 10:30 11:15 Integrating Multiple Views of Risk for Decision-Making A 11:15 12:00 Sensitivity Testing Using CLASIC/2 and CATRADER A 12:00 1:30 Lunch 1:30 2:15 CLASIC/2 Financial Module: A Probabilistic Approach to Loss Estimation A (repeat) 2:15 3:00 Integrating Multiple Views of Risk for Decision-Making A (repeat) Understanding and Managing the Impact of the Recent Update to AIR s Earthquake Model for the U.S. (repeat) Managing Severe Storm Risk Using CLASIC/2 and CATStation (repeat) U.S. Storm Surge Model in CLASIC/2 (repeat) AIR Update on Recent Catastrophes (repeat) Sensitivity Testing Using CLASIC/2 and CATRADER A (repeat) Introduction to Catastrophe Modeling N Introduction to Interpreting Model Results N Using CLASIC/2 to Assess Loss Mitigation Impacts Improving CLASIC/2 Analyses Based on Aggregate Data through Exposure Disaggregation A U.S. Storm Surge Model in CLASIC/2 Improving Your Exposure Data through TruExposure Data Solutions (repeat) Working with Detailed Exposure Data (repeat) Efficient Portfolio Analysis Using CLASIC/2 (repeat) Efficient Report Generation in CLASIC/2 and CATRADER (repeat) Using CLASIC/2 to Assess Loss Mitigation Impacts (repeat) Improving CLASIC/2 Analyses Based on Aggregate Data through Exposure Disaggregation A (repeat) Demo: Introduction to CLASIC/2 N Demo: Introduction to CATRADER N Demo: TruExposure Data Solutions in CLASIC/2 Demo: Ask the Experts Live (CATRADER) Demo: Ask the Experts Live (CLASIC/2) Demo: Modeling Insurance Pools Using CATRADER A Demo: Streamlining Your Underwriting and Portfolio Management Workflows Using AIR Integration Solutions Introduction to the Application of Policy Conditions and Reinsurance in CLASIC/2 N Demo: Modeling Industrial Facilities Using CLASIC/2 Demo: TruExposure Data Solutions in CLASIC/2 (repeat) AIR SOLUTION CENTER AIR technical staff will be available throughout the conference in our Solutions Center to answer your specific questions and provide impromptu demonstrations of AIR s entire suite of web-based and desktop software applications. PROGRAM AT A GLANCE
AIR Research Roadmap* More than 50 countries worldwide are currently covered by AIR s catastrophe models. In this session, AIR s senior vice president of research and modeling will present our plans for modeling new perils and regions and for enhancing existing models. Also featured will be an update on AIR s research and other collaborations with the larger scientific community. AIR Software Roadmap* AIR s software solutions continue to evolve to meet the challenges facing today s catastrophe risk management professionals. This opening session will highlight recent advances in AIR software applications and provide an overview of planned enhancements. We ll preview new functionality to assess and improve exposure data quality, next generation reporting tools, and enhanced integration options. AIR Update on Recent Catastrophes In this session, AIR scientists and engineers will review the 2009 hurricane season to date and provide an update on AIR s analysis of recent catastrophes, including findings from post-disaster surveys for recent events. CLASIC/2 Financial Module: A Probabilistic Approach to Loss Estimation A The financial module in AIR s CLASIC/2 software accurately estimates losses when applying complex terms and conditions, including those that apply across perils, regions, policies, locations, and coverages. This session will provide a detailed overview of the CLASIC/2 financial module and show how the software accurately estimates the loss to an individual property or portfolio of properties through a fully probabilistic application of terms and conditions. Demo: Ask the Experts LIVE (CATRADER) This interactive forum will provide an opportunity to ask specific questions, provide feedback, and make suggestions for future enhancements to CATRADER. Learn from AIR s experts as they provide live demonstrations to address your CATRADER concerns. Demo: Ask the Experts LIVE (CLASIC/2) This interactive forum will provide an opportunity to ask specific questions, provide feedback, and make suggestions for future enhancements to CLASIC/2. Learn from AIR s experts as they provide live demonstrations to address your CLASIC/2 concerns. Demo: Introduction to CATRADER N This interactive demonstration will provide an overview of CATRADER. Attendees will learn how to set up a company, enter exposure data, and create catastrophe excess of loss and quota share programs. The demonstration will also address how to install CLFs, run deterministic and probabilistic analyses, and prepare loss reports. Demo: Introduction to CLASIC/2 N This interactive demonstration will provide an overview of CLASIC/2, including an introduction to the user interface and the steps involved in analyzing detailed data. We will show how to import data into CLASIC/2 using AIR ImportExpress, access and review imported data from the user interface, set analysis options and perform analyses. We will also cover how to fulfill different reporting needs by exporting analysis results using AIR ExportExpress. Demo: Modeling Industrial Facilities Using CLASIC/2 AIR s enhanced approach to modeling industrial facilities captures differences in the performance of a facility s constituent components to provide realistic estimates of physical damage and business interruption losses. This session will discuss best practices for coding various types of industrial facilities to take advantage of the new capabilities available in Version11 of CLASIC/2. Demo: Modeling Insurance Pools Using CATRADER A In this interactive session, we will review best practices for modeling insurance pools, such as the Texas Windstorm Insurance Association (TWIA) in CATRADER. The session will address situations where AIR has been provided with actual exposures, as well as what to do in instances where exposure data is not readily available. Demo: Streamlining Your Underwriting and Portfolio Management Workflows Using AIR Integration Solutions AIR Integration Solutions enable data and analytics to be embedded into your existing applications, enabling you to streamline processes ranging from underwriting individual risks to analyzing entire portfolios. This interactive demonstration will show how leading insurers and reinsurers are automating their workflows. We ll wrap up with a preview of planned enhancements. Demo: TruExposure Data Solutions in CLASIC/2 In this session, we will introduce and provide an interactive demonstration of significant exposure data management enhancements coming in CLASIC/2. TruExposure Data Solutions will enable you to determine the completeness and reasonability of property location data, primary and secondary risk characteristics, and replacement values. You ll be able to compare your exposure data to industry averages and distributions of insurance-to-value, construction, occupancy, and other attributes, as well as compensate for missing or inappropriate exposure data.
Efficient Portfolio Analysis Using CLASIC/2 This session will review best practices for analyzing portfolio risk and provide tips for taking full advantage of the latest enhancements available in CLASIC/2. Learn how to properly structure exposure and analysis options to minimize analysis time, utilize CLASIC/2 s new import treaty feature, make the most of custom event sets, and more. Efficient Report Generation in CLASIC/2 and CATRADER AIR ExportExpress provides a simple and powerful method of extracting information from CLASIC/2 that complements the numerous predefined reports and text file exports available in the software. This session will also explain CLASIC/2 s and CATRADER s underlying database structures and demonstrate how users can write SQL queries to extract any exposure or loss data that have been saved to the database. Improving CLASIC/2 Analyses Based on Aggregate Data through Exposure Disaggregation A For several of AIR s detailed catastrophe models, CLASIC/2 enables users to employ exposure disaggregation to improve the analysis of aggregated exposure data. This session will discuss where disaggregation is available, how it works, and the benefits of using it for each model. Improving Your Exposure Data through TruExposure Data Solutions TruExposure Data Solutions in CLASIC/2 will encompass data validation, benchmarking and augmentation using high-quality data sources from ISO. AIR s Consulting Group provides data preparation and cleansing, as well as a full data management review. In this session learn how TruExposure Data Solutions can help insurers and reinsurers alike improve the quality of exposure data used for portfoliolevel catastrophe analysis. Integrating Multiple Views of Risk for Decision- Making A While best practices and professional standards encourage consideration of multiple independently-generated views of catastrophe risk, business necessity often requires the presentation to senior decision makers of a single, integrated view. However, blending results from multiple models, which may be based on different statistical frameworks, can be technically challenging. This session will provide sound techniques for integrating and extending multiple sets of results that minimize bias and sampling error. Introduction to Catastrophe Modeling N This session will explore the fundamentals of modeling, including stochastic catalog generation, damage estimation, and insured loss calculation. We will address questions such as How are catastrophe models constructed, What can you expect from a catastrophe model, and more. Introduction to Interpreting Model Results N This session will discuss best practices for interpreting model results. Topics include aggregation of risk across regions and perils, validation of model results against historical data, sensitivity of analysis results to changes in data and assumptions, and the actuarial principles associated with the risk metrics produced by AIR s models. Introduction to the Application of Policy Conditions and Reinsurance in CLASIC/2 N This session will review the wide range of insurance and reinsurance conditions available in CLASIC/2. All location and policy-level deductibles and limits will be covered, along with information as to how the modeler can attach individual risk-based reinsurance. The session will also discuss how to correctly code complex financial conditions in exposure data and choose appropriate analysis options. Managing Severe Storm Risk Using CLASIC/2 and CATStation Managing severe storm risk using traditional actuarial methods that rely on actual loss experience can be unreliable. This session will provide a high-level overview of AIR s severe storm models and show how to optimize their performance in CLASIC/2 and CATStation. In addition, we will discuss how to take advantage of exposure management tools in CATStation. Optimizing Your CLASIC/2 and CATRADER Configurations A Learn how to optimize your CLASIC/2 and CATRADER environments. The session will focus on virtualization trends and how they relate to AIR applications. We will also discuss how recent enhancements allow you to better leverage your hardware investment in non-virtualized environments. Recent Enhancements to CATRADER for Improved ILS and Reinsurance Portfolio Management CATRADER the industry standard for analyzing reinsurance contracts and insurance-linked securities has been enhanced with a number of powerful features. In this session we will review such new capabilities as an updated portfolio management module, enhanced reporting, and multi-year modeling.
Sensitivity Testing Using CLASIC/2 and CATRADER A Sensitivity testing and scenario analysis help inform risk management and ultimately lead to better business decisions. Through the use of practical examples, this session will illustrate techniques for evaluating the impact of varying assumptions on loss estimates and demonstrate efficient methods for scenario analysis. U.S. Storm Surge Model in CLASIC/2 The U.S. storm surge model is a fully probabilistic component of the AIR U.S. Hurricane Model. In this session, we will address how CLASIC/2 accurately estimates the losses from both wind and surge damage to an individual building or portfolio of properties. We will also address the exposure data and policy conditions unique to surge loss. Understanding and Managing the Impact of the Recent Update to AIR s Earthquake Model for the U.S. After a brief review of the recently updated hazard and vulnerability components of the AIR Earthquake Model for the U.S., this session will delve into the details of how the update has affected modeled losses and how the changes may affect the way you manage your U.S. earthquake risk. What s New in CATRADER CATRADER is the industry standard for analyzing reinsurance contracts and insurance-linked securities. This session will review recent enhancements to CATRADER, such as new event filtering capabilities, expanded access to event parameters, enhanced analysis options (including a multiyear capability), and new SQL reporting capabilities. What s New in CLASIC/2 and CATStation This session will review recent updates that expand the functionality of CLASIC/2 and CATStation, such as the capability to calculate Tail Value at Risk (TVaR), import and export treaty terms, and view results from a retained loss perspective. Other enhancements that will be discussed include policy exposure calculations and an improved approach to analyzing Lloyds Realistic Disaster Scenarios (RDS). Working with Detailed Exposure Data Every firm faces challenges in trying to ensure the completeness, accuracy and efficient transfer of exposure data. This session will discuss how an efficient workflow can be constructed when data is in a non-air format through the use of SQL queries and AIR ImportExpress. Using CLASIC/2 to Assess Loss Mitigation Impacts This session will demonstrate how CLASIC/2 can be used to assess portfolio risk down to the individual location level. Learn best practices to evaluate loss mitigation strategies for individual risks or entire portfolios that incorporate detailed information about the property characteristics. AIR s 2009 Software Users Conference is now accredited by three of the leading industry professional organizations Chartered Insurance Institute The 2009 AIR Software Users Conference has been accredited by the CII and can be included as part of your CII CPD requirement should you consider it relevant to your professional development needs. For a list of all CPD accredited events please visit http://www.cii.co.uk/acs/accreditedevents.aspx#events. American Institute for Chartered Property Casualty Underwriters The 2009 AIR Software Users Conference has been awarded 10 points under the Continuing Professional Development program for CPCUs. For more information regarding the American Institute for CPCU and Insurance Institute of America please visit http://www.aicpcu.org/default.htm. American Academy of Actuaries Actuaries attending the 2009 AIR Software Users Conference may determine that some or all Conference sessions attended meet continuing education credit requirements under the American Academy of Actuaries newly revised Qualification Standards. For more information on AAA, please visit http://www.actuary.org. *This information is provided for informational purposes only and may not be incorporated into any contract. CATRADER, CATStation and UNICEDE are registered trademarks of AIR Worldwide Corporation. TruExposure, CLASIC/2, CLF, CEDE, AIR ImportExpress and AIR ExportExpress are trademarks of AIR Worldwide Corporation.
special event Best of Boston Reception Wednesday, September 30, 6PM Join us at the InterContinental for a unique taste of Boston. Network with industry colleagues and AIR Staff as you enjoy culinary delights representing Boston s diverse neighborhoods. Delight in an original Fenway frank from the streets of Red Sox Nation s Yawkee Way, savor the Italian delights of the North End or take in the view of Boston Harbor as you enjoy today s fresh catch from the waterfront. Dance the night away to live music or try your luck at Boston trivia for a chance to win prizes. Don t miss your chance to experience the best of Boston! accommodations InterContinental Boston 501 Atlantic Avenue Boston, MA 02110 http://www.intercontinentalboston.com/ AIR s Best of Boston A room block has been set up at the InterContinental Boston for accommodations during the conference. You may reserve rooms by calling the hotel directly at: 1-866-493-6495. Please indicate that you are with the AIR Worldwide Software Users Group. Please note that the last day for booking hotel rooms at the conference rate of $280/ night plus tax is August 24, 2009. We encourage you to book as soon as possible if you wish to receive the group rate. The InterContinental Boston is one of the newest additions to Boston s historic waterfront. With its sleek blue glass and granite architecture, the luxury hotel is located in the heart of the financial district with panoramic views of Boston Harbor on one side and the new Rose Kennedy Greenway on the other. The sense of history is sharpened by the fact that the hotel resides on top of the original location of the Boston Tea Party.
2009 air software users Conference 1. Register online at www.air-worldwide.com/conference. 2. Mail your completed registration form with payment to: Conference Registration, AIR Worldwide Corporation, 131 Dartmouth Street, Boston, MA 02116-5134 3. Fax your registration with credit card information to 617.267.8284. or 4. Call AIR Worldwide at 617.267.6645 and ask for the Events Department. 1. YOUR INFORMATION Prefix: First Name:* Company:* Address:* *Indicates required information Job Title:* Last Name:* City:* State/Province:* Country:* Registration Form Postal Code:* E-mail:* Telephone:* Fax: Name you want to appear on badge: Vegetarian Non-vegetarian 2. GUEST REGISTRATION Are you bringing a guest?* Yes No Guest's First Name: Guest's Last Name: GUEST REGISTRATION ($150) INCLUDES ADMISSION TO THE BEST OF BOSTON RECEPTION, ALL CONTINENTAL BREAKFASTS AND ALL LUNCHES. Vegetarian Non-vegetarian 3. SPECIAL EVENT BEST OF BOSTON RECEPTION, WEDNESDAY, SEPTEMBER 30TH 6PM I will attend* Yes No My guest will attend* Yes No 4. CONCURRENT SESSION REGISTRATION Part 1 Wednesday, september 30 9:45: 10:30 What s New in CLASIC/2 and CATStation What s New in CATRADER Introduction to Catastrophe Modeling N 11:00 11:45 What s New in CLASIC/2 and CATStation (repeat) What s New in CATRADER (repeat) Introduction to Interpreting Model Results N Demo: Introduction to CLASIC/2 N 11:45 12:30 Improving Your Exposure Data through TruExposure Data Solutions Managing Severe Storm Risk Using CLASIC/2 and CATStation Using CLASIC/2 to Assess Loss Mitigation Impacts Demo: Introduction to CATRADER N 2:00 2:45 Working with Detailed Exposure Data Recent Enhancements to CATRADER for Improved ILS and Reinsurance Portfolio Management Improving CLASIC/2 Analyses Based on Aggregate Data through Exposure Disaggregation A Demo: TruExposure Data Solutions in CLASIC/2 3:15 4:00 Efficient Portfolio Analysis Using CLASIC/2 Understanding and Managing the Impact of the Recent Update to AIR s Earthquake Model for the U.S. U.S. Storm Surge Model in CLASIC/2 Demo: Ask the Experts Live (CATRADER) 4:00 4:45 Efficient Report Generation in CLASIC/2 and CATRADER AIR Update on Recent Catastrophes IMPROVING Your Exposure Data through TruExposure Data Solutions (repeat) Demo: Ask the Experts Live (CLASIC/2)
5. CONCURRENT SESSION REGISTRATION Part 2 Thursday, october 1 8:30 9:15 AIR Research Roadmap Optimizing Your CLASIC/2 and CATRADER Configurations A 9:15 10:00 CLASIC/2 Financial Module: A Probabilistic Approach to Loss Estimation A Understanding and Managing the Impact of the Recent Update to AIR s Earthquake Model for the U.S. (repeat) Working with Detailed Exposure Data (repeat) Demo: Modeling Insurance Pools Using CATRADER A 10:30 11:15 Integrating Multiple Views of Risk for Decision- Making A Managing Severe Storm Risk Using CLASIC/2 and CATStation (repeat) Efficient Portfolio Analysis Using CLASIC/2 (repeat) Demo: Streamlining Your Underwriting and Portfolio Management Workflows Using AIR Integration Solutions 11:15 12:00 Sensitivity Testing Using CLASIC/2 and CATRADER A U.S. Storm Surge Model in CLASIC/2 (repeat) Efficient Report Generation in CLASIC/2 and CATRADER (repeat) Introduction to the Application of Policy Conditions and Reinsurance in CLASIC/2 N 1:30 2:15 CLASIC/2 Financial Module: A Probabilistic Approach to Loss Estimation (repeat) AIR Update on Recent Catastrophes (repeat) Using CLASIC/2 to Assess Loss Mitigation Impacts (repeat) Demo: Modeling Industrial Facilities Using CLASIC/2 2:15 3:00 Integrating Multiple Views of Risk for Decision-Making A (repeat) Sensitivity Testing Using CLASIC/2 and CATRADER A (repeat) Improving CLASIC/2 Analyses Based on Aggregate Data through Exposure Disaggregation A (repeat) Demo: TruExposure Data Solutions in CLASIC/2 (repeat) 6. PAYMENT INFORMATION Payment must accompany registration form. The Early Bird Registration Fee is valid through august 21, 2009. Note: Fees are non-refundable after september 21, 2009. Registration fee (per person) $795 through september 21, 2009 or $895 after this date. Guest Fee: $150 TOTAL: Please select method of payment: Check enclosed. Please make check payable in $US to AIR Worldwide Corporation. AMEX Visa MasterCard Card Number: Expiration Date: Name on Card: Signature: Billing Address: 7. HOTEL ACCOMMODATIONS A room block has been set up at the intercontinental boston for accommodations during the conference. You may reserve rooms by calling the hotel directly at: 1-866-493-6495. Please indicate that you are with the AIR Worldwide software users group. Please note that the last day for booking hotel rooms at the conference rate of $280/night plus tax is august 24, 2009. We encourage you to book as soon as possible if you wish to receive the group rate. please see accomodations for more information on hotel reservations.
AIR WORLDWIDE CORPORATION 131 Dartmouth Street Boston, MA 02116-5134 617.267.6645 www.air-worldwide.com Boston San Francisco London Hyderabad Beijing Munich AIR Worldwide Corporation is a wholly owned subsidiary of ISO. 2009 AIR Worldwide Corporation