Understand Your Portfolio-Level Winter Storm Risk
In February 2010, the Mid-Atlantic and New England regions of the United States experienced several winter storms, costing the re/insurance industry an estimated $2 billion in insured losses. A decade later and winter storms continue to wreak havoc, with two billion-dollar events occurring in 2018.
The U.S. Winter Storm Model is a fully probabilistic risk model that allows clients to run portfolio-level analyses for residential, commercial and industrial risk related to winter storms in the U.S.
Robust Vulnerability and Hazard Definition
The vulnerability functions for the different structural occupancy types are based on extensive claims data collected from the reinsurance industry and observation data.
Three hazard parameters are incorporated in the model:
- Snow depth (major structural damage)
- Snow and ice thickness (light to minor damage)
- Wind speed (wind damage)
Three damage types are represented in the U.S. Winter Storm Model:
Roof damage due to snow accumulation
Frozen and ruptured pipe damage
Ice dam and eave icing
Structural Risk and Valuations
Rather than rely on a standard industry percentage, get detailed intelligence on the structural risk and value of properties in your portfolio to ensure that your clients are not over or under-insured.learn more
Natural Hazard and Catastrophe
Assess your market position by accessing reports and data that give you a complete view of the risk to your portfolio.learn more
Roof Condition Solutions
CoreLogic offers tools to help you assess the roof conditions of prospective clients from your desktop.learn more