2016 Global modeled catastrophe losses

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      <subfield code="a">2016 Global modeled catastrophe losses</subfield>
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      <subfield code="a">Since 2012, AIR Worldwide (AIR) has published an annual white paper discussing how AIR's global industry exceedance probability (EP) curve can be used to obtain a comprehensive and meaningful view of potential losses and to put into context years with high insured losses (such as 2011). This paper, the 2016 update, bases its global loss metrics on AIR's latest suite of models, including new models and updates released during 2016, as well as updated industry exposure databases (IEDs). Industry insured losses can and do occur as a result of perils and in regions for which AIR does not yet provide models; these losses are not included in AIR's global estimates. AIR, however, is committed to continually expanding model coverage and is engaged in an aggressive model development program.</subfield>
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