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CoreLogic Launches Climate Risk Analytics™ to Model and Predict Property Risk Through 2050

Solution offers a comprehensive view of physical risk, leveraging Google Cloud, that combines hyperlocal property data with financial information to estimate and mitigate the impact and cost of future catastrophes

IRVINE, Calif. — (BUSINESS WIRE) — December 12, 2022 — CoreLogic®, a leading global property data and analytics-driven solutions provider, has announced the launch of Climate Risk Analytics™, designed to help government agencies and enterprises measure, model and mitigate the physical risks of climate change to the real estate industry, initially through 2050. This solution is built on Google Cloud’s secure and sustainable infrastructure

“Mitigating the effects of climate change is a monumental task—one that demands a powerful and expansive data and modeling tool that surpasses industry standards,” said Patrick Dodd, President & CEO, CoreLogic. “For more than 20 years, CoreLogic has amassed a comprehensive physical and financial property dataset and honed the most accurate peril modeling techniques available today. We combined our extensive technological capabilities and data science to create a solution that helps our clients rise to the challenge climate change poses to our nation’s financial infrastructure.”

Built on CoreLogic’s Discovery Platform, a spatial data and analytics platform, CoreLogic Climate Risk Analytics is powered by CoreLogic’s CLIP™ system, which leverages professional-grade, granular data to pinpoint a property’s exact location and its attributes. The solution provides a comprehensive, blended risk score for every U.S. property with a granular breakdown of specific peril risks and each risk’s financial impact. In climate risk analysis, accuracy and scale matter. CoreLogic is working with businesses and regulators to understand exposure, addressing questions about risk factors and how to measure impacts against a property portfolio. Clients can fortify against the economic impact of physical risks at the macro and micro scale through the following pillars of the CoreLogic Climate Risk Analytics turnkey solution:

“Helping organizations understand, address and mitigate the effects of climate change with cloud technologies has become increasingly important for companies across industries around the world,” said Chandu Thota, GM/VP Engineering, Google Cloud. “By leveraging leading Google Cloud data analytics capabilities and technologies in its Climate Risk Analytics platform, CoreLogic is providing customers with the insights and technologies needed to execute on their sustainability and business goals.”

To learn more about CoreLogic’s Climate Risk Analytics platform and additional use cases it can help solve, please visit: https://www.corelogic.com/data-solutions/property-data-solutions/climate-risk-analytics/.

About CoreLogic

CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources include over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC, the CoreLogic logo and Climate Risk Analytics are trademarks of CoreLogic, Inc. and/or its subsidiaries.



Contact:

Robin Wachner
CoreLogic
newsmedia@corelogic.com