01 October 2012

AIR Worldwide Opens Office in Singapore

Boston - 01 October 2012 - AIR Worldwide (AIR) today announced the opening of an office in Singapore to meet the expanding needs of clients in the Asian insurance market. 

“AIR has kept pace with the fast-growing markets and our equally fast-growing client base in Asia by opening offices in India (2000), China (2005), and Japan (2008),” said Uday Virkud, P.E., executive vice president at AIR Worldwide. “The new office in Singapore ensures our ability to maintain — and indeed enhance — the high quality of service our clients in the region have come to expect from AIR.”

AIR’s commitment to the Asia-Pacific insurance market has continued to grow over the past few years, and in 2012, AIR released a cyclone model for India and the industry’s first bushfire model for Australia. In 2011, AIR released its Multiple Peril Crop Insurance Model for China, another industry first, as well as a major update to its Basinwide Typhoon Model for the Northwest Pacific. Other offerings for the region include earthquake models for countries throughout Asia. 

The newly opened AIR Worldwide Singapore office is located at One Finlayson Green, #09-01A, Singapore 049246. Operations at the new office are run by Yen Chin, BEng (Hons), manager, business development; Ashish K. Jain, ARe, MBA, manager, client relations; and Apoorv Dabral, Ph.D., senior engineer, research and modeling. 

AIR Worldwide (AIR) is the scientific leader and most respected provider of risk modeling software and consulting services. AIR founded the catastrophe modeling industry in 1987 and today models the risk from natural catastrophes and terrorism in more than 90 countries. More than 400 insurance, reinsurance, financial, corporate, and government clients rely on AIR software and services for catastrophe risk management, insurance-linked securities, detailed site-specific wind and seismic engineering analyses, and agricultural risk management. AIR is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK) and is headquartered in Boston with additional offices in North America, Europe, and Asia. 

Source: AIR Worldwide