shutterstock_1920457355
shutterstock/Michael Vi
29 June 2021Insurance

CoreLogic, Xceedance join forces on on-demand catastrophe models

Global property data analytics provider  CoreLogic has teamed up with insurance consulting firm  Xceedance to provide re/insurers and brokers access to its complete suite of 180+ catastrophe models.

The extended agreement will allow Xceedance to provide transactional based, on-demand catastrophe modelling services utilising CoreLogic’s RQE platform, as well as models available on the Oasis Loss Modelling Framework (Oasis LMF).

Catastrophe models are critical to insurers’ understanding of the risks they are writing, and having fast access to accurate, high-quality data and insights is crucial for risk assessment and decision making by underwriters.

“Whilst we continue to extend the range of models available on the Oasis platform, CoreLogic is delighted to respond to increasing market demand for flexibility, by offering our full suite of models on the RQE platform in partnership with on-demand cat modelling services from Xceedance,” said William Forde, senior director, product management, insurance and spatial solutions at CoreLogic.

Justin Davies, head of region, EMEA at Xceedance, added: “We are delighted about partnering with CoreLogic, in support of our joint vision to make life easier for re/insurers and brokers, which allows for refined and timely visibility into catastrophic risks. Cost-effective access to CoreLogic’s broad, high-definition and data enriched catastrophe models brings substantial value to the market.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
5 October 2021   The move outlines their commitment to Lloyd’s and the London insurance market.
Insurance
15 September 2021   Wildfires have emerged as one of the most significant problems facing the re/insurance industry, with the events becoming increasingly frequent and damaging and few options immediately available to tackle the issue.
Insurance
17 August 2021   The claims services division will be headed up by new boss