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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance explores the challenges presented by today's business and economic upheaval, as well as the hardening insurance market, and what it means for the captive insurance industry.

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Risk Modeler AIR Worldwide Launches COVID-19 Projection Tool

Man holding globe with COVID-19 virus around it
April 17, 2020

Catastrophe risk modeling firm AIR Worldwide has launched a complimentary COVID-19 Projection Tool. The interactive tool, based on AIR's pandemic modeling data, provides COVID-19 case and death projections worldwide for the next 4 weeks with the data updated daily to project 1 day further into the future.

The modeled pandemic projections are available globally at a country level and consider variations in data availability and reliability, including underreporting.

"We're providing this complimentary tool to give communities, businesses, governments, and insurers a better understanding of what the near future of the COVID-19 pandemic could look like," said Doug Fullam, director of life/health modeling at AIR Worldwide." Additionally, we are making this information publicly available as we feel it's imperative to leverage our strengths as a trusted data steward to provide services that benefit the greater good."

The projection tool leverages data from an AIR Worldwide catastrophe model. Catastrophe models can help users understand the impact of low-frequency, high-severity events such as pandemics where historical data is limited.

Modeled projections provided in AIR's COVID-19 Projection Tool account for the effectiveness of containment measures, including the impact of social distancing, isolation, quarantining, and other mitigation factors. The scenarios provided in the projections tool can help users understand how effective these containment measures are at mitigating the spread of the disease.

The COVID-19 Projection Tool can be found on the AIR website.

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