CoreLogic, a provider of information, analytics and business services, announce the introduction of a new risk assessment tool designed to help property & casualty insurers make more informed, accurate, and timely underwriting decisions with the convenience of a desktop solution.
The Xiance Desktop for insurers will provide property-level data and analytics, allowing users to access hazard risk and premium tax data to improve risk assessment and underwriting decisions. The product is the first from CoreLogic that will fall under the Xiance suite of products.
Using the Xiance Desktop, insurers are able to pinpoint a property's vulnerability to natural disasters such as earthquakes, wildfires, and hurricane-driven storm surge flooding, prior to determining availability and extent of insurance coverage. Users will benefit from enhanced risk selection, underwriting efficiency, and improved loss ratios.
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