EuroTempest, the leading provider of European storm and weather risk management services is announcing a software integration with CoreLogic®, a global leader in property information, analytics, and data-driven services, to offer enhanced efficiency for insurers for weather-related claims processing.
As a part of CoreLogic’s digital hub alliance, delivered through the CoreLogic® Claims Workspace™ platform (previously Claims Connect™ or Symbility®), claims handlers of our mutual clients will have access to hourly weather data from over 2,000 weather stations across Europe, enabling them to make fast and informed decisions, all in real time, through a single platform.
By combining EuroTempest’s comprehensive, up to the hour data with CoreLogic’s award winning Rapid Settlement technology, huge volumes of claims can be automatically validated and settled confidently, during the first policyholder interactions, bolstering the insurers response to significant weather events.
Other key benefits of this collaboration for insurers include:
- Real-Time Weather Validation: Access to real-time weather data and analysis, ensuring claims are processed with up-to-date information.
- Reduced Fraud and Errors: Cross-referencing claims with weather data to reduce the risk of fraudulent claims and errors.
- Precise Risk Assessment: More precise risk assessments in connection with insurability determinations
- Enhanced Decision-Making: Improved decision making through the use of enhanced data-driven insights, benefiting both insurers and policyholders.
The collaboration between EuroTempest and CoreLogic reflects a shared commitment to leveraging data and AI technologies to drive innovation across the insurance industry.
Nick Wood, Commercial Director at EuroTempest, commented: “We’re delighted to be a part of the CoreLogic Digital Hub Alliance to help our customers get ahead of weather-related risk. As we continue to see increasingly extreme weather events taking place around the world, having access to high-quality, real-time data is vital in helping insurers make the right decisions when it comes to handling often very complex claims.”
Matthew Grieveson, AVP Product Management at CoreLogic, International Markets, said: “I’m pleased to welcome EuroTempest to our Digital Hub Alliance.
“This seamless integration demonstrates the value of our Claims Workspace collaboration platform in bringing together data, technology and service providers to deliver differentiated value for our mutual clients and their policyholders.”
EuroTempest is a leading provider of weather-related data solutions, offering a range of tools and services that empower organisations to manage weather-related risks effectively. With a focus on data accuracy and advanced analytics, EuroTempest provides actionable insights to businesses and organisations around the world, including insurance, banking, humanitarian, energy, and logistics.
CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes 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.
©2023 EuroTempest. All rights reserved. The statements and information in this announcement may not be reproduced or used in any form without express written permission. While all the EuroTempest and CoreLogic statements and information in this announcement are believed to be accurate, EuroTempest and CoreLogic make no representation or warranty as to the completeness or accuracy of the statements and information or the weather validation tool and/or the AI technologies or content therein, and EuroTempest and CoreLogic assume no responsibility whatsoever for any reliance on any of the information or statements or the weather validation tool. CoreLogic®, Claims Connect™, and Claims Workspace™ are the trademarks of CoreLogic, Inc. and/or its subsidiaries. EuroTempest is the trademark of EuroTempest, Inc.
For more information about EuroTempest and CoreLogic’s collaboration, please contact:
Jana Rindler Marketing Director – email@example.com
Nick Wood, Commercial Director – firstname.lastname@example.org