Property and Casualty Insurance

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.

^{*NOAA Website}

Products:

• COASTAL STORM SURGE
• FLOOD
• HAIL
• WIND
• WINTER STORM
• SEVERE CONVECTION STORM
• SEWER BACKUP

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

Products:

• FIRE PROTECTION
• WILDFIRE

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

Products:

• CATBOND AND INSURANCE LINKED SECURITIES
• CRIME
• EARTHQUAKE
• HAZARD RISK SCORE
• RATING TERRITORIES
• SINKHOLE AND MINE SUBSIDENCE
• WIND-BORNE DEBRIS
• WINDPOOL

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

Products:

• ASIA TYPHOON
• EUROPEAN WINDSTORM
• U.S. INLAND FLOOD
• NORTH ATLANTIC HURRICANE
• JAPAN EARTHQUAKE
• U.S. EARTHQUAKE

Keep on top of the roof

Our platform automatically populates a property’s probable roof age and detects improvements that may affect premiums without having to rely on someone else for roof age information. We can also help you increase efficiency and reduce rooftop risk with aerial roof measurement reports that lessen the need for an adjustor or estimator to climb up a ladder. Our reports integrate with Symbility Claims Connect to provide a quick way to estimate roof claims.

Products:

• CHANGE DETECTION AND ROOF AGE
• SKYMEASURE™ AERIAL ROOF MEASUREMENT

Know exactly which roofs were hit

Since 2008, U.S. severe convective storm insured losses have exceeded $10B billion every year.* To understand the full impact that severe thunderstorms can cause, you need to be able to pinpoint the damage across your entire portfolio. Our proprietary weather verification services can tell you where and when the hail, wind and lightning impact happened, how severe it was and which properties were directly impacted. This enables you to improve catastrophe response, deploy resources in near real-time and improve your claims processing, including your ability to detect fraud.

^{*Swiss Re Sigma Study, 2015}

Products:

• HAIL VERIFICATION
• LIGHTNING VERIFICATION
• WIND VERIFICATION

Verification based on actual hail

Hail claims can vary widely from one year to the next. Given these broad variations – and the high cost of hail damage claims – it's imperative to safeguard against fraud by using the most effective verification and inspection processes possible. Our proprietary hail science verifies actual hail fall and enables you to identify hail severity and impact location on an address-specific basis. This allows claims managers to more confidently identify the location of incoming claims, assess for pre-existing damage and detect the presence or absence of severe weather.

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Science behind wind measurements

Wind can vary widely by elevation and over small geographic areas. To quickly and objectively handle your wind damage response you need accurate and timely data. We combine proprietary storm model inputs to create multiple objective viewpoints of storm paths and intensities. This forensic quality database helps identify wind speed and severity on an address-specific basis so you can proactively respond to your customers and deploy resources with confidence and precision.

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The industry standard for lightning verification

The National Lightning Safety Institute reports that property damage from lightning claims costs insurers billions of dollars each year.* We enable you to save critical time and money by confidently verifying the date of damage and losses in near real time. The reports provide address-specific lightning strike analysis, along with the date and time (to the nearest millisecond), including a count of individual lightning strikes, custom maps, latitude/longitude, polarity and strike amplitude.

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^{* National Lightning Safety Institute: Lightning Costs and Losses from Attributed Sources, August 12, 2016}