AIR Worldwide
Founded Year
1987About AIR Worldwide
AIR Worldwide specializes in catastrophe modeling and risk assessment within the insurance and risk management sectors. The company offers a suite of software solutions and consulting services designed to help clients understand and manage the risks associated with natural disasters, climate change, and other extreme events. AIR Worldwide primarily serves insurers, reinsurers, financial institutions, and government entities seeking to mitigate and manage risks. It was founded in 1987 and is based in Boston, Massachusetts.
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Expert Collections containing AIR Worldwide
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
AIR Worldwide is included in 2 Expert Collections, including Insurtech.
Insurtech
4,636 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest AIR Worldwide News
Oct 29, 2025
In April 2024, the World Bank issued a catastrophe bond that provides the Government of Jamaica with $150 million in financial protection for four hurricane seasons, renewing coverage that expired in 2023. The World Bank enlisted Aon Securities and Swiss Re Capital Markets as lead managers, and AIR Worldwide as the risk modeler and calculation agent for the bond. Sources suggest the bond's parametric trigger may have been satisfied when Melissa hit the island as a Category 5 hurricane with sustained winds of 185 mph. “Early data from the National Hurricane Center shows Hurricane Melissa's pressure has stayed below 900 millibars in several areas — a clear sign of just how powerful this storm is,” said Chris Lefferdink, head of insurance-linked securities, North America, for Aon Securities. Once confirmed, under the terms of the bond, that level of intensity could trigger a 100% payout, he said. “While the final numbers are still being verified, the early signs suggest the transaction is doing what it was designed to do: getting critical funds to the country quickly after a major disaster,” Mr. Lefferdink said. Twelve Securis, an insurance-related investment firm specializing in cat bonds and private ILS, issued a note Wednesday also suggesting a payout. “In the cat bond market, the focus is on the IBRD Jamaica 2024 cat bond. This parametric structure uses the reported central pressure estimates across a pre-defined grid,” as a trigger, the company said. “Although subsequent data revisions are possible, the combination of landfall intensity and path suggests that a full loss of principal remains the most likely outcome,” it said.
AIR Worldwide Frequently Asked Questions (FAQ)
When was AIR Worldwide founded?
AIR Worldwide was founded in 1987.
Where is AIR Worldwide's headquarters?
AIR Worldwide's headquarters is located at Lafayette City Center 2 Avenue de Lafayette, Boston.
Who are AIR Worldwide's competitors?
Competitors of AIR Worldwide include CyberCube and 3 more.
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Compare AIR Worldwide to Competitors
Compare the Market is a price comparison website that provides insurance products including home, van, pet, bike, life, or car insurance. It was founded in 2006 and is based in Peterborough, United Kingdom.
Arbol is a FinTech company that focuses on climate risk management through parametric insurance solutions. The company offers a platform that provides insurance coverage based on data triggers, using artificial intelligence for underwriting and blockchain technology for operational efficiency. Arbol serves sectors such as agriculture, energy, and travel, providing insurance and derivatives solutions to address climate-related risks. It was founded in 2018 and is based in New York, New York.
Upfort focuses on cyber security and insurance, providing services to protect against cyber threats. The company delivers services including email protection, web protection, phishing simulations, risk monitoring, security training, and cyber insurance. Upfort serves the cyber insurance and risk management sectors, targeting carriers, MGAs, and insurance agencies. Upfort was formerly known as Paladin Cyber. It was founded in 2017 and is based in San Francisco, California.
Cyberwrite specializes in cyber insurance analytics and risk assessment within the insurance industry. The company offers AI-driven risk analysis and reporting tools to help insurers, reinsurers, agents, and brokers understand and manage cyber risk. Cyberwrite primarily serves the insurance industry, providing actionable insights for underwriting, risk management, and sales efficiency in cyber insurance. It was founded in 2017 and is based in New York, New York.
Parametrix provides parametric insurance solutions for system interruptions in the technology sector. The company offers coverage for internal and external information technology (IT) systems, financial protection against business losses due to outages, and solutions for assessing exposure related to cloud services. Parametrix serves sectors that depend on digital infrastructure and cloud services, including e-commerce and cybersecurity industries. It was founded in 2019 and is based in New York, New York.
Guardz operates as a cybersecurity company that offers a platform for detection and response for managed services providers (MSPs). The company provides services such as threat analysis, remediation, and integration with cyber insurance for small and medium-sized businesses. Guardz serves the cybersecurity needs of MSPs and their clients. Guardz was formerly known as Leoguard. It was founded in 2022 and is based in Miami, Florida.
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