CoreLogic expands cat modelling partnership with Xceedance
CoreLogic, the global property information, analytics and data-enabled solutions provider, has expanded its collaboration with insurance and technology consultancy Xceedance to enhance Xceedance’s on-demand catastrophe modelling services.
The arrangement gives re/insurers and brokers access to CoreLogic’s complete suite of more than 180 catastrophe models via Xceedance.
CoreLogic emphasised the importance of flexible access to catastrophe models and offers its catastrophe models on the open source Oasis Loss Modelling Framework (Oasis LMF) as well as on its own RQE catastrophe modelling platform.
This agreement allows Xceedance to provide transactional based services utilising CoreLogic’s RQE platform and the Oasis LMF platform.
William Forde, senior director of product management for insurance and spatial solutions at CoreLogic, said: “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.”
Justin Davies, head of region for EMEA at Xceedance, said the partnership will make life easier for re/insurers and brokers. “Cost-effective access to CoreLogic’s broad, high-definition and data enriched catastrophe models brings substantial value to the market,” he said.
