A Natural Hazard Risk Solution Can Help Businesses Improve Natural Hazard Risk Management by Assessing Exposure to Natural Hazards at the Property-level
Until recently, natural hazard risk assessment data has been underutilized to help improve business decisions. Many industries—from insurers, to lenders, utilities and telecommunication, government and even oil and gas companies—are now recognizing the importance of planning and adjusting for the probable financial impact of natural disasters.
CoreLogic is dedicated to the science behind understanding natural hazard risk, and has taken existing natural hazard risk assessment a step further than other data providers. Our staff of PhD-level scientists has developed a proprietary methodology to assess future risk with respect to a wide range of natural hazards, based on factors and historical data unique to each natural hazard.
Our scientists also commit themselves to publishing research reports and white papers—citing specific examples of recent natural disasters—that serve to educate consumers as well as the industries we serve, about the dangers of ignoring or under preparing for the risks and impact of natural hazards.
Because we recognize that not every business must assess the risk of all natural hazards, we let our customers choose a customized solution and delivery option that best fits their business needs.
Available in several delivery options including through Xiance Desktop™, the natural hazard risk layers from CoreLogic can help:
- Pinpoint a specific property location, unlike other products that utilize larger geographic areas like ZIP code or county, to allow for more accurate business decisions without on-site investigations
- Take risk out of business decisions such as underwriting, lending, right-of-way or land management, with current natural hazard data layers that are updated annually, at a minimum
- Weigh policy and lending decisions—such as when to recommend additional earthquake or sinkhole insurance—regarding properties in disproportionately high-risk locations
- Gain a better understanding of under recognized natural hazard risk, such as coastal risk or the locations of known at-risk levees
- Be aware of which properties are in or out of a FEMA designated flood zone
