Introducing Environmental data (climate change/chronic risks).
Ask Wire’s Environmental Data service for chronic risks is designed to provide information on long-term risks to properties, crucial for insurance companies to manage their exposure and make underwriting decisions. Our service is a Data-as-a-Service (DaaS) solution that provides comprehensive environmental data to help insurance companies assess risk and make informed decisions about their underwriting and risk management strategies.
Here are some of the key features of our Environmental Data service for chronic risks:
Comprehensive data collection
Our service collects environmental data from a range of sources, including government agencies, satellite imagery, and on-the-ground surveys. We use this data to provide you with accurate and reliable information about long-term risks to properties.
Chronic risk assessment
Our service provides information on chronic risks, including climate change, sea-level rise, and other long-term environmental hazards. This enables you to manage your exposure and make informed underwriting decisions.
Our Environmental Data service for chronic risks is fully customizable, allowing you to tailor it to your specific needs. Our team can work with you to develop custom reports, metrics, and visualizations based on your specific requirements.
A financial institution was looking for ways to measure and manage their exposure to long-term environmental risks.
They used our Environmental Data service for chronic risks to assess the risks associated with their real estate portfolio and make informed underwriting decisions
By using our service, they were able to identify potential long-term hazards and risks to their properties and take proactive measures to mitigate those risks.
This enabled them to reduce their exposure to chronic risks and make more informed underwriting decisions.