(Photo credit: C.G. Newhall.)
Catastrophe modeler AIR Worldwide (Boston) has released a hosted cloud solution for its catastrophe risk management platforms Touchstone and CATRADER. The vendor describes AIR Cloud as a secure, feature-rich environment that enables companies to conduct all of their analyses remotely while minimizing capital expenditure. AIR reports that more than a dozen companies are currently using AIR Cloud, including the recent addition of American Family Insurance.
“Deploying our catastrophe modeling environment to the AIR Cloud is a safe, dependable choice that provides all the functionality of an on-premises installation while reducing our IT spend,” comments Warren W. Hopper, VP, BancorpSouth Insurance (Birmingham, Ala.). “With AIR’s hosted cloud solution, we don’t have any infrastructure, maintenance, or hardware procurement concerns, and we were up and running in a matter of days. We’re extremely pleased with our overall user experience on the AIR Cloud. The process has been seamless, and the performance mirrors that of an on-site implementation.”
The vendor says that AIR Cloud provides a secure, scalable way to access Touchstone that offers all the benefits, features, and security of an on-premises installation without the expense of maintaining a catastrophe modeling platform on-site. With the AIR Cloud, companies can access their catastrophe modeling platform from anywhere on any device at any time to conduct detailed risk analyses, with no special software or third-party plug-ins required, according to AIR. The AIR Cloud also reduces demand for IT resources because AIR handles all installation, maintenance, and support, the vendor adds.
The AIR Cloud supports integration of Touchstone with customers’ existing business systems using APIs (application program interfaces). The AIR Cloud–hosted Touchstone environment is maintained in what AIR calls certified state-of-the-art data centers and fully isolated from other cloud tenants in terms of security fencing and compute and storage resources. Data is protected by industrial-grade security measures and technologies both in the AIR Cloud and during transfer, the vendor says.
Sophisticated Risk Management with Low CapEx
“AIR is committed to providing clients with the catastrophe modeling environment that works best for their organization, whether on-premises or in the cloud,” comments Peter Lewis, SVP, AIR Worldwide. “Increasingly, companies are looking for ways to perform sophisticated risk management analyses without undertaking the large capital expenditure required to build a catastrophe modeling environment on-site. With the AIR Cloud, clients can leverage the high-performance technology of Touchstone to conduct all their analyses remotely.”