Manage your risk management strategy
In today’s rapidly changing risk management environment, efficiency isn’t just a benefit—it’s essential. Achieving this efficiency requires continuous efforts to simplify operations, reduce costs, and improve accuracy.
Cloud-based platforms bring more efficiency to the disaster modeling environment. To ensure consistent results across different platforms, it is important that the models provided by your solution provider produce consistent results, whether hosted on-premise or in the cloud.
Local Hosting vs Cloud Hosting
Traditional, locally hosted disaster 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.
This is where cloud technology comes in. For insurance companies looking to improve their risk modeling processes, the cloud offers significant benefits. By moving to a cloud-based system, insurance providers can significantly reduce the resources needed to maintain and update their platforms. Updates can be handled automatically, eliminating the need for manual input.
In addition to faster runtimes and reduced server overhead, the cloud delivers cost savings and improved performance. Browser-based access allows insurers to use powerful disaster 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, cloud-managed, browser-based crisis management solution. Navigation simplifies the delivery of risk models while ensuring consistent results across all CoreLogic platforms, which is important for insurers who need accurate and reliable risk assessment.
As the market’s demand for reliable, accurate, and repeatable crisis solutions grows, insurers need tools that validate input data, maintain transparency, and deliver comprehensive analytics. Navigate does exactly this, providing a consistent and efficient way for insurance companies to assess risk and make informed decisions.
To learn more about Navigate, click here.
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