CNA deploys AIR for cat risk modelling

CNA has transitioned to AIR’s Touchstone catastrophe risk modelling platform, as part of which the insurer will access the AIR Cloud and will also be licensing its web services to connect to its cloud infrastructure for real-time acess to hazard and loss analysis output.

Touchstone APIs will also integrate with CNA’s underwriting systems as part of its wider IT transformation programme.

“We are excited to leverage AIR’s powerful catastrophe modeling solution to support our multiple lines of business during the underwriting process,” said Tom Stone, vice-president of aggregation and catastrophe management at CNA. “AIR has a track record of providing scientifically credible models and combined with Touchstone, this complete solution will provide us with more analytics to make risk management, pricing, and risk selection decisions.”

“CNA emphasised the importance of account modeling time and its impact on workflow efficiency,” said Rob Newbold, executive vice-president at AIR Worldwide. “The ability of Touchstone to model multiple perils at one time, coupled with our powerful Web Services tools to help reduce manual steps such as data transformations and analysis setup, will help improve their overall productivity and integrate seamlessly within their large property and small/middle market underwriting systems.”

Additionally, CNA’s newly created National Accounts line will be supported by AIR's data services to scrub and prepare submissions for quotes from brokers.

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