CoreLogic and One Concern Collaborate to Add Weather Prediction and Climate Assessment to CoreLogic’s Solution Suite

Irvine, California global property data and analytics-driven solutions provider, CoreLogic,recently announced a nationwide, three-year collaboration with One Concern, a Menlo Park-based, resilience-as-a-service solutions provider. This collaboration adds weather hazards prediction and the ability to assess climate threats to the CoreLogic suite of solutions.

According to company materials, by implementing CoreLogic’s flood, storm surge, wind and climate change data, and flood and wind vulnerability models, One Concern can accelerate its AI-enabled resilience solutions and disaster-risk reduction technologies to address and predict weather hazards and escalating climate threats amidst an increasing global focus to develop environmental, social, governance and resilience (ESG+R) goals.

CoreLogic collects and maintains property data on 99% of all U.S. residential properties. Leveraging this information, One Concern can pinpoint the hyperlocal vulnerabilities ahead of climate threats and continue to train its AI systems to assist organizations in shifting from recovery to resilience.

One Concern’s platform enables enterprise decision-makers to understand their risk exposure to climate and other hazards with probabilistic modeling to show potential impact on personnel, supply chain and other dependencies. In tandem, they enable organizations to invest in sustainable ecosystems and operations by identifying climate threat-resilient strategies to pursue ambitious emissions targets better.

CoreLogic’s David Smith, Senior Leader, Science & Analytics, spoke with GISCafe Voice about the collaboration between CoreLogic and One Concern, their past relationship and future plans.

GISCafe Voice: I’m really interested in the contribution of One Concern as there are more and more geographic areas that are damaged by natural disasters than ever before.  

CoreLogic and One Concern have developed a strong and growing collaboration in the area of natural hazard risk, including quantification of the current risk from a variety of weather-related perils, as well as projected climate change impacts on a highly granular basis. This collaboration is enabling One Concern to provide resilience solutions and disaster-risk reduction technologies to address and predict weather hazards and escalating climate threats. Weather-related perils, including flood, storm surge, wind, wildfire, and others, are increasingly becoming of concern, particularly in light of a series of devastating flood and wildfire events that have affected the US since 2017, beginning with Hurricane Harvey in Texas and adjacent states and a number of major wildfire events in California and other areas that same year.

GISCafe Voice: Also what does the interface between the CoreLogic data and One Concern look like?

So far CoreLogic has provided One Concern with flood, storm surge, wind, and climate change data at a spatial resolution that is specific to each property and to each component of critical infrastructure – as well as CoreLogic’s comprehensive database of property characteristics nationwide throughout the US. CoreLogic has also provided One Concern with flood and wind vulnerability models, which provide the capability to quantify the financial cost to repair or replace each structure after a natural catastrophe strikes. As our collaboration continues to grow, we’re in discussions on providing data for additional perils, such as wildfire – and expansion to other areas of the globe.

GISCafe Voice: A recent news report said that properties that pose a fire risk may now be deemed uninsurable, but that may also mean they are uninhabitable. What thoughts do you have on that and what it may do to the various stakeholder industries?

This is an important question, which at some level isn’t specific to wildfire but also spans across to perils like flood and storm surge and probably others. With respect to wildfire, we’ve recently seen a trend toward deeper cycles of ‘feast and famine’ with respect to rainfall and snowpack in California and other areas of the west – meaning severe droughts lasting several years and causing significant tree death, or wet winters followed by unusually long, dry summers – in which case there can be a rapid build-up in fuels which then dry out in the ensuing months, setting the stage for devastating wildfires. We’ve also seen extreme wind conditions causing wildfires to burn deep into urban areas more than we’ve seen in the past. Increasing trends in wildfire risk are on a lot of people’s minds – and the risk was already high in many of the rapidly growing areas of the wildland urban interface. There are many efforts ongoing to mitigate and manage this risk – including strengthening new and existing properties through better clearance of burnable vegetation, more fire-resistant materials, and so forth; actions being taken by electric power utilities to reduce the likelihood of their systems to cause an ignition; and improvements in forest management and fire suppression.

CoreLogic’s mission is to help families and businesses find, buy, and protect their homes and properties. One of our main roles is in quantifying risk. In order to effectively manage these risks you need to be able to adequately measure them. Such work benefits a variety of stakeholders – including insurers who need to manage their risk in order to continue to provide coverage; lenders who likewise need to manage their risk so they can continue to provide capital to buy homes and properties; and individual property owners who can benefit as well – for example, to understand the risk when considering buying a new home or property, and in understanding mitigation measures they can take to reduce their risk.

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Categories: analytics, asset management, Big Data, climate change, CoreLogic, data, disaster relief, earthquakes, field GIS, geospatial, GIS, government, LBS, lidar, location based services, location intelligence, mapping, mobile, public safety, satellite imagery, sensors, spatial data, storm surge, subsurface utilities, survey, transportation, utilities

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