AIR Worldwide Corp. (AIR) is offering a new service for the evaluation of catastrophe risk to industrial and energy facilities, including offshore platforms and networks.
AIR's catastrophe risk engineering (CRE) practice will provide corporate risk managers and insurers with detailed structural evaluations and earthquake and wind-engineering services, coupled with state-of-the-art risk modeling for pre-disaster planning and risk mitigation, and for post-event damage assessment and repair development.
Accurate evaluation of seismic or hurricane risk to industrial and offshore facilities is complex, because these facilities exhibit a large number and variety of distinct components, such as structures (buildings, platforms), machinery, equipment, transmission systems, transportation assets and contents.
Furthermore, the unique characteristics of the components at a facility, in terms of their physical condition, design criteria and spatial location within the facility, can result in seemingly similar facilities exhibiting markedly different responses to catastrophes, both in terms of physical damage and downtime. Involved process networks, such as offshore assets connecting to undersea pipelines or tankers connecting to onshore facilities, further complicate the risk analysis.
AIR's CRE practice employs a comprehensive engineering, scientific and network approach for the assessment of catastrophe risk and the evaluation and recommendation of risk mitigation strategies for such facilities.
SOURCE: AIR Worldwide Corp.
