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Home / Data Solutions / Property Data Solutions / Climate Risk Analytics helps predict the future of physical risk

Climate Risk Analytics helps predict the future of physical risk

Climate change is radically altering every aspect of human life — including where we live and how we do business. Before it’s too late, government agencies and corporations need to understand the environmental, social, and governance (ESG) factors so they can measure and mitigate the physical risks of climate change to their properties. Such a monumental task demands an equally monumental solution. Fortunately, it’s here.

Climate Risk Analytics by CoreLogic offers a comprehensive model of the future at an unprecedented level of detail. By combining our industry-leading property data with replacement costs, valuation elements, and natural hazard information, we can build a comprehensive account of physical risk. Our proprietary climate models calculate the likelihood of what can happen and where, so you can protect your property, prepare accurate climate compliance, and lessen the impact on your bottom line.

Highly differentiated property data leads to better risk management

Built from an array of data sets, grasp the granular impact of climate risk on your assets with the industry’s most comprehensive property views, including first-floor height (the base flood elevation level according to the National Flood Insurance Program) for all properties. CoreLogic’s CLIP™, is a unified property identification system that consolidates data assets for consistency and accuracy. This proprietary property data empowers you to tactfully and tactically plan for the looming threat of various climate-related hazards.

CL_Climate_HighlyDifferent

A clear picture of your potential financial futures

  • Geographically accurate replacement costs reveal the complete financial burden of restoring a property to its pre-disaster state.
  • Our valuation data tracks the impact of climate change on each property’s market value.
  • Count on our highly accurate, industry-adopted catastrophic risk models to measure the financial impact of potential future disasters.

Comprehensive peril data and proprietary climate models

  • A blended climate risk score is assigned to each property based on nine major perils so you can have a detailed understanding of all physical property risks.
  • Each of our major peril categories are further broken down to specific risks such as shaking from an earthquake compared to fire following an earthquake. This surfaces exactly what threatens your assets.
  • Our models include an astounding 300,000 years’ worth of perils, painting a complete picture of potential outcomes by capturing rarer events and incidents with higher impact variance.

What you can do now

Take advantage of data from our comprehensive climate modeling, supported by robust historical data and leading scientific insights. Join us as we actively engage in dynamic downscaling to a hyper-local level based on the Fifth Assessment Report (AR5) of the United Nations Intergovernmental Panel of Climate Change (IPCC) and our work towards AR6.

Related Articles

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The Safest Places to Live in the US for Natural Disasters

CoreLogic’s Climate Risk Analytics solution can not only identify areas that are currently low risk, but it can also stress test those hazard risks across various future climate scenarios.

Interested in learning more about Climate Risk Analytics?

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