Take control of your risk management strategy
In today’s rapidly changing risk management environment, efficiency isn’t just an advantage—it’s essential. Achieving this efficiency requires continuous efforts to streamline operations, lower costs, and enhance accuracy.
Cloud-based platforms are bringing more operational efficiency to the landscape of catastrophe modeling. To ensure consistent results across various platforms, it’s vital that the models provided by your solution provider produce consistent results, whether hosted locally or in the cloud.
Local Hosting vs Cloud Hosting
Traditional, locally hosted catastrophe modeling software often requires time-consuming, manual updates. This not only drains IT resources but can also create inefficiencies that prevent insurers from reaching their full operational potential.
That’s where cloud technology comes in. For insurers aiming to optimize their catastrophe modeling processes, the cloud offers a major advantage. By moving to a cloud-based system, insurers can significantly reduce the resources needed to maintain and update their platforms. Updates can be handled automatically, eliminating the need for manual installations.
In addition to faster run times and reduced server redundancy, the cloud delivers cost savings and enhanced performance. Browser-based access allows insurers to use powerful catastrophe modeling tools without being tied to a specific device or location, promoting greater flexibility.
Introducing Navigate: A Modern Catastrophe Modeling Solution
Enabling this cloud-driven transformation is CoreLogic Navigate™—a third-party hosted, cloud-managed, browser-based catastrophe risk solution. Navigate simplifies the delivery of catastrophe models while ensuring consistent outputs across all CoreLogic platforms, which is vital for insurers needing accurate and dependable risk assessments.
As market demand for reliable, straightforward, and repeatable catastrophe modeling solutions grows, insurers need tools that validate input data, maintain transparency, and deliver comprehensive analytics. Navigate does this exactly, providing a consistent and efficient way for insurers to assess risk and make well-informed decisions.
To learn more about Navigate, click here.
Topics
Catastrophe
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