Dr. Jayanta Guin has been appointed executive vice president at AIR Worldwide, a member of the Verisk Insurance Solutions group at Verisk Analytics, according to an announcement from the catastrophe risk modelling firm.
In this new role, Dr. Guin will continue to direct the research programs at AIR Worldwide as well as assisting with the strategic management and development of AIR’s overall business strategy and new initiatives.
Dr. Guin will also be responsible for leading research and model development activities for emerging risks across the globe, such as excess mortality, and will oversee an enhanced analytical framework for AIR’s next generation of catastrophe models.
“In my new role, I will remain focused on what is most important to our clients — delivering the most scientifically advanced, reliable, and stable models in the industry and providing technology that empowers them to own the risk,” commented Dr. Guin. “We are ahead of the curve with the release of our software platform, Touchstone®, and 60 companies are already experiencing the benefits of it, with many more in the queue. We will continue to set ourselves apart by delivering the most robust models combined with a broader suite of data and analytics, such as noncatastrophe losses, into one workflow by leveraging the many data assets from our parent company, Verisk Analytics.”
Model development initiatives at AIR include the ongoing iterative development of its new catastrophe risk modelling platform Touchstone, as well as the industry’s first fully probabilistic and detailed inland flood model for the United States, which will be released this summer. AIR’s says that its state-of-the-art flood model will enable both the insurance industry and government to more accurately price and manage flood risks.
“We are very excited to have Jay continue to lead our model development efforts as we set the standard for delivering the industry’s most advanced models,” stated Ming Lee, president and CEO of AIR Worldwide. “We realize that it is our modeling expertise that companies value most highly, and we will never lose sight of our core value as a catastrophe modeling company. Moreover, we greatly value Jay’s key insights that inform our business strategy.”