Natural Hazard Solutions
Natural hazards present a real threat to your business. North American insurered losses totaled 17 USD in 2015, the highest of all regions, with an estimated 10B USD in insured losses coming from tornado outbreaks and thunderstorms.* Since no one knows where or when the next natural hazard event will strike, preparedness and active response are critical. As history has shown, just a single event can send damage totals into the billions of dollars.
To help you get a complete view of natural hazards, our data provides the answers to three critical questions: What could happen? What if it happened? And, What did happen? Our deterministic models calculate the likelihood of a natural disaster such as a severe storm, flood or earthquake; our probabilistic models give you comprehensive and highly credible loss estimates; and our forensic models show the actual frequency, severity and location of severe weather - right down to a specific property within your portfolio.
*Swiss Re Sigma Report, 2015
The 2015 CoreLogic® Natural Hazard Risk Summary and Analysis provides a recap of the most significant natural hazard events that took place in the U.S. this year.
The 2015 CoreLogic Wildfire Hazard Risk Report examines the residential properties potentially exposed to wildfire risk in 13 western states.
With hurricane season upon us, it’s important to understand the potential risk of surge-related property damage within your portfolio.
See our 2014 Denton, Texas hail storm case study which details hail damage by the numbers.
Natural Hazard and Catastrophe Offerings
In 2015, there were 10 weather and climate disaster events across the U.S. with insured losses exceeding $1 billion.* As storms continue to grow in cost and frequency, being able to predict their impact is crucial. In order to accurately predict losses, understanding the true risk requires understanding the full details. This is why our models include current and historical weather events so you have insight into the condition of properties. Instead of guessing how storms will affect properties, know with data-driven insights.
As populations continue to expand development into high-risk vegetation areas, property and casualty portfolios become increasingly exposed to wildfire risk. In 2015, 10.1 million acres of burned in the U.S.* Understanding fire-related risk requires an assessment of factors like high-risk vegetation, surface composition and driving distance to the nearest fire station. We help you take the guesswork out of fire risk management by allowing you to establish better policy premiums without extensive on-site visits.
*2015 CoreLogic® Natural Hazard Risk Summary and Analysis
Land-Based and Other Hazards
According to the latest sigma study from Swiss Re, the U.S. has the most uninsured losses of any country.* The number of policies that are underinsured as a result of natural catastrophe has risen steadily, and the majority of those policies involve earthquake risk. The need for insurers to precisely assess risk and establish more adequate earthquake premiums is becoming increasingly important. By being able to pinpoint that risk, you'll know when to recommend additional coverage.
*Swiss Re Sigma Report, 2015
Global Catastrophe Models
Over the last decade, insurance has only covered 30 percent of the $1.8 trillion in property damage resulting from natural disaster events around the globe.* As insurers look to close the underinsurance gap, they need to precisely locate risk and quantify their potential exposure. Our International Catastrophe Models give you a unique view of global catastrophe risk with more than 181 natural hazard software models for 95 countries spanning six continents. By pinpointing your international catastrophe risk, you'll now know when to recommend additional coverage for a variety of perils.
*Insurance Journal, "Underinsurance of Property is Growing Global Challenge: Swiss Re Report," Sept. 15, 2015
Hazard insights delivered your way
We combine a range of flexible delivery methods which are customized to best fit your workflows. Our platforms can give you risk scores, help you evaluate the probability and calculate the actual impacts of natural hazards as well as create more accurate building and contents valuations. They can also pinpoint the exact location and severity of weather events.
Make quick and accurate property risk determinations with RiskMeter Online. This on-demand, web-based insurance platform delivers over 30 different reports to give you deeper insights into storm, fire, land-based and other risks.
Evaluate potential loss-causing catastrophic events with Risk Quantification and Engineering (RQE), a comprehensive, full-simulation catastrophe risk modeling platform.
Get in-depth insights into your company’s commercial property risk – building valuations, contents replacement costs estimates, business financial health and much more – with Commercial Express, our fully integrated commercial platform.
Solve many of your workflow challenges with RCT Express, our residential risk assessment and valuation platform that defines the value and condition of structural risk via a single-screen user interface.
Discover and estimate severe weather impacts to your entire book of business with Reactor, our comprehensive, web-based storm verification and analysis platform.
Weather Verification Services Storefront
Know exactly where the storm happened, how severe it was and which properties were affected with our weather verification services for hail, wind and lightning.
Get fast access to tax jurisdiction and natural hazard risk information with Xiance, an ordering and delivery platform that provides accurate tax and natural hazard risk reports through the web.
Integrate natural hazard risk, tax jurisdiction, parcel and geocoding data directly into your internal applications and backend with Spatial Web Services (SWS), which connects our data to a variety of platforms and programming languages using a RESTful API.
Receive natural hazard reports via secure internet file transmission – a highly beneficial delivery method for batch processing 100,000 files or more.
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