Own your company’s risk management process
In the ever-evolving risk management landscape, efficiency is a necessity. But to achieve efficiency, there is a continual need for operational streamlining, cost reduction, and accuracy improvements.
Cloud-based solutions have reimagined the available opportunities for more operational efficiency in catastrophe modeling, an important tool in risk assessment for insurers worldwide. For consistency among platforms, it is important to make sure that your solutions provider’s models produce identical results whether they are hosted locally or on the cloud.
Local Hosting vs Cloud Hosting
Locally hosted catastrophe modeling software can require manually installed annual updates. This approach consumes valuable IT resources and causes inefficiencies that can slow insurers from operating at their full potential.
Enter the cloud — a game-changer for insurers looking to optimize their catastrophe modeling workflows.
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By shifting to the cloud, insurers will drastically reduce the resources required to operate and maintain systems since updates are seamlessly rolled out by the provider, eliminating the need for manual installations.
With faster run times and reduced redundancy on servers, insurers can achieve significant cost savings while improving overall performance. Browser-based access further enhances efficiencies by allowing users to leverage the power of catastrophe modeling without being tethered to a specific location or device.
By gaining the ability to access catastrophe models from anywhere, at any time, insurers bring flexibility and agility to their operations.
Navigate to Modern Catastrophe Modeling
At the forefront of this revolution is Navigate™, a cloud-managed, third-party hosted, browser-based catastrophe risk solution offered by CoreLogic.
Navigate both streamlines the delivery of catastrophe models and ensures consistency in modeled outputs across CoreLogic platforms — a critical factor for insurers seeking reliable and accurate risk assessments.
The market demand for a repeatable, simple, and robust catastrophe modeling delivery services has never been greater. Insurers require solutions that can validate input data, maintain transparency in data treatment, and provide comprehensive analysis output to meet a diverse set of needs. Navigate meets these requirements head-on, offering insurers a reliable and efficient way to assess risk and make informed decisions.
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