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.”
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