CoreLogic and Xceedance Announce Extended Catastrophe Modelling Collaboration

By AIT News Desk On Jun 29, 2021

CoreLogic’s complete suite of 180+ catastrophe models to be accessible via on-demand cat modelling services, in partnership with Xceedance

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, announced an extended collaboration with Xceedance, a global provider of insurance consulting, managed services and technology. Under this expanded arrangement, re/insurers and brokers will now gain access to CoreLogic’s complete suite of 180+ catastrophe models via transactional, on-demand catastrophe modelling services performed by Xceedance.

“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”

Catastrophe models are critical to insurers’ understanding of the risks they are writing, whether it be a typhoon in Asia, earthquake in Italy or wildfire in the USA. Having fast access to accurate, high-quality data and insights is crucial for risk assessment and decision making by underwriters.

CoreLogic is continuously working to meet the expectations of the re/insurance market and the increasing demand for greater flexibility to access and provision catastrophe models. Accordingly, CoreLogic offers its catastrophe models on the open source Oasis Loss Modelling Framework (Oasis LMF) as well as on its own RQE catastrophe modelling platform.

The extended agreement now allows Xceedance to provide transactional based services utilising CoreLogic’s RQE platform with access to the complete suite of 180+ catastrophe models as well as those available on the Oasis LMF platform.

“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.

“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,” explained Justin Davies, Head of Region, EMEA at Xceedance. “Cost-effective access to CoreLogic’s broad, high-definition and data enriched catastrophe models brings substantial value to the market.”