AIR Worldwide and FirstBest Collaborate to Provide Integrated Underwriting Solution

BOSTON and BEDFORD, Mass., April 1, 2015 - Catastrophe modeling firm AIR
Worldwide and FirstBest® Systems, provider of insurance software solutions for
U.S. and global insurance carriers, today announced the companies will integrate
AIR's catastrophe modeling solution with the FirstBest underwriting management
system. The collaboration between the two organizations allows data and
analytics on commercial risk to be incorporated into the commercial lines
underwriting workflow of property/casualty insurers. AIR Worldwide is a Verisk
Analytics (Nasdaq:VRSK) business.

The solution will integrate AIR's cutting-edge catastrophe modeling and
noncatastrophe analytics from its Touchtone(®) platform with FirstBest UMS(®), a
state-of-the-art underwriting workstation, to incorporate risk analytics in one
comprehensive underwriting decision process. For commercial insurers,
particularly those that write multifaceted commercial risks, including excess
and surplus (E&S) writers, data such as risk scores, summary reports, loss
analysis, and marginal impact to portfolio can now be used to make more precise,
data/analytics-driven underwriting decisions.

"Traditional underwriting and policy systems are not designed to handle fluid,
detailed, and rules-driven risk assessment analysis at the point of decision,"
stated John Belizaire, CEO and founder, FirstBest Systems. "Access to
informative catastrophe data is a key determinant of exposures in intelligent
underwriting, especially for complex risks. The AIR/FirstBest integration allows
for up-front portfolio analysis and management in real time, and our combined
solution facilitates individual account analysis before binding risks."

"By delivering risk analytics directly to the point of decision on the
underwriter's desktop, FirstBest and AIR assist underwriters to make better
decisions, increase competitive advantage, and build a better book of business,"
said Bill Churney, COO, AIR Worldwide. "Bringing a more complete view of risk -
both catastrophe and noncatastrophe - into the mainstream of account
underwriting is an important step in the evolution of underwriting and helping
companies to own their risk."

About AIR Worldwide
AIR Worldwide (AIR) is the scientific leader and most respected provider of risk
modeling software and consulting services. AIR founded the catastrophe modeling
industry in 1987 and today models the risk from natural catastrophes and
terrorism in more than 90 countries. More than 400 insurance, reinsurance,
financial, corporate, and government clients rely on AIR software and services
for catastrophe risk management, insurance-linked securities, detailed site-
specific wind and seismic engineering analyses, and agricultural risk
management. AIR, a Verisk Analytics (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.

About FirstBest
FirstBest® Systems is the leading provider of insurance software solutions and
services that help U.S. and global insurance companies improve underwriting
profitability, scale their business, and achieve high service levels with agents
and brokers. The patented and proven FirstBest Front Office Suite powers the
underwriting operations of leading commercial property/casualty, specialty, and
workers' compensation carriers. Processing more than $17 billion in quotes and
featuring a modular set of applications, the Front Office Suite incorporates a
dedicated underwriting workstation (FirstBest UMS®), mobile underwriting
(FirstBest UMS Mobile(TM)), agent/broker portal (FirstBest Agent(TM)), data
integration/upload applications (FirstBest AppReader(TM)), configuration tools
(FirstBest Business Analyst Studio(TM)), and integrated analytics
engine (FirstBest Insight(TM)). Leading American and international carriers,
such as XL Group plc, OneBeacon, Chesapeake Employers, Beacon Mutual, and ICW
Group, rely on FirstBest to improve underwriting efficiencies and quality.
FirstBest helps insurers institutionalize risk-assessment knowledge and best
practices. With FirstBest solutions, all constituents in the underwriting
process can rapidly quote, collaborate, issue, and bind business on a single,
data-powered, real-time platform. To learn more, call 1-781-863-6000 or
visit www.firstbest.com.

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Media Contacts:

AIR Worldwide
Kevin Long
klong@air-worldwide.com
617-267-6645

FirstBest Systems
Massood Abolfazli
mabolfazli@firstbest.com
781-863-6050



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Source: AIR Worldwide via GlobeNewswire
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