Heritage Underwriting, which has an office in Bermuda, has licensed Boston-based AIR Worldwide Corporation’s catastrophe risk management systems.

AIR’s catastrophe risk modelling systems will allow Heritage to monitor its Caribbean and US exposures with greater accuracy while AIR’s embedded mapping tools and risk hazard profiles will assist Heritage in examining exposures down to a very detailed level.

Heritage will also use AIR Loss Estimates in Real Time (ALERT), to better estimate the risk to their portfolio as actual events unfold.

AIR’s catastrophe risk modelling systems will allow Heritage to monitor its Caribbean and US exposures with greater accuracy, according to Heritage, which is a Lloyd’s of London insurer.

The company said it would use AIR’s embedded mapping tools and risk hazard profiles to assist in examining exposures down to a very detailed level, and also use AIR Loss Estimates in Real Time to better estimate the risk to their portfolio as actual events unfold.