CoreLogic, a provider of information, analytics and business services, has unveiled a risk assessment tool designed to help P&C insurers make underwriting decisions with a desktop solution. The Xiance Desktop for insurers is designed to provide property-level data and analytics in an easy-to-use interface, allowing users to access available hazard risk and tax data, improving risk assessment and underwriting decisions.
According to CoreLogic, Xiance enables insurers to pinpoint a property’s vulnerability to natural disasters such as earthquakes, wildfires and hurricane-driven storm surge flooding, prior to determining availability and extent of insurance coverage. Users will benefit from enhanced risk selection, underwriting efficiency and improved loss ratios.
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