Take control of your risk management strategy
In today’s rapidly changing risk management environment, efficiency is more than just an advantage; it’s essential. Achieving this efficiency requires continuous efforts to streamline operations, reduce costs, and improve accuracy.
Cloud-based platforms are bringing additional operational efficiencies to the disaster modeling field. To ensure consistent results across different platforms, it is important that the models provided by your solution provider produce consistent results whether they are hosted locally or in the cloud.
Local hosting vs. cloud hosting
Traditional, locally hosted catastrophe modeling software often requires time-consuming manual updates. Not only does this waste IT resources, but it can also create inefficiencies that prevent insurers from achieving their full operational potential.
That’s where cloud technology comes in. The cloud offers significant benefits for insurance companies looking to optimize their catastrophe modeling processes. By moving to cloud-based systems, insurers can significantly reduce the resources required to maintain and update their platforms. Updates are handled automatically, eliminating the need for manual installation.
In addition to faster execution times and reduced server redundancy, the cloud also reduces costs and improves performance. Browser-based access gives insurers greater flexibility by allowing them to use powerful catastrophe modeling tools without being tied to a specific device or location.
Introducing Navigate: The latest catastrophe modeling solution
Enabling this cloud-driven transformation is CoreLogic Navigate™, a third-party hosted and cloud-managed browser-based catastrophe risk solution. Navigate simplifies the delivery of catastrophe models while ensuring consistent output across all CoreLogic platforms. This is essential for insurance companies that require accurate and reliable risk assessments.
As market demand grows for reliable, easy, and reproducible catastrophe modeling solutions, insurers need tools that validate input data, maintain transparency, and provide comprehensive analysis. Masu. Navigate does exactly this, giving insurers a consistent and efficient way to assess risk and make informed decisions.
For more information about navigating, click here.
Topics
catastrophe
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