New tool provides case and death projections worldwide
Boston, MA (Apr. 15, 2020) – Verisk is pleased to announce the launch of its COVID-19 Projection Tool. This interactive tool, powered by AIR’s pandemic modeling data, provides COVID-19 case and death projections worldwide for the next four weeks and the data will be updated on a daily basis to project one day further into the future. The modeled projections of the pandemic are available globally at a country level and the outputs consider many 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 are useful to understand the impact of low-frequency, high-severity events such as pandemics where historical data is limited. The modeled projections provided in the 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 give the means to help understand how effective these containment measures are at mitigating the spread of the disease.
* Projections may vary significantly from week to week. AIR’s modeled simulations take into account the latest data available, response/mitigation efforts, changes in hospital capacity, and other factors, which AIR’s projections reflect. Please review AIR’s Methods and Assumptions document for more details.
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor’s S&P 500® Index. In 2018, Forbes magazine named Verisk to its World’s Best Employers list. For more information, please visit www.verisk.com.
About AIR Worldwide
AIR Worldwide (AIR) provides risk-modeling solutions that make individuals, businesses, and society more resilient to extreme events. In 1987, AIR Worldwide founded the catastrophe modeling industry and today models the risk from natural catastrophes, terrorism, pandemics, casualty catastrophes, and cyber incidents. Insurance, reinsurance, financial, corporate, and government clients rely on AIR’s advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, longevity modeling, site-specific engineering analyses, and agricultural risk management. AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com.
SOURCE: AIR WorldwideTags: AIR Worldwide, coronavirus, epidemic, launch, Verisk