PICC licenses AIR’s cat modeling for earthquake risk in China
AIR Worldwide Corporation (AIR) has announced that PICC Property and Casualty Company (PICC) has licensed CLASIC/2 and CATRADER, AIR’s catastrophe risk management systems, to manage earthquake risk to residential, commercial, and industrial exposures in China.
“PICC P&C pays considerable attention to catastrophe risk,” said Zhang Qing, general manager of the Reinsurance Department at PICC. “AIR’s catastrophe risk management systems will enable PICC to
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