Mitigate risk with Comprehensive real estate data and advanced analytics
Empower your underwriting and risk assessment processes with granular data on environmental risks, property characteristics, and predictive analytics.
Contact sales
Advanced Data-Driven Solutions for Accurate Risk Assessment in Insurance
Insurance companies and risk managers face increasing challenges in assessing the impact of environmental and property-specific risks. Ask Wire provides a comprehensive suite of data and models designed to help insurers and risk managers accurately assess both acute and chronic risks, streamline underwriting processes, and make data-driven decisions. From granular data on earthquakes, floods, and wildfires to predictive climate change models, our solutions offer the insights you need to mitigate risks effectively.
Acute
Risk Data
Access granular data on immediate risks such as earthquakes, floods, and wildfires. Our datasets provide detailed historical and real-time information to help you assess exposure and calculate premiums with precision.
Chronic
Risk Data
Evaluate long-term risks associated with climate change. Our models offer projections across different temperature scenarios and forecast periods (e.g., 2021-2050 for the near future, 2071-2100 for the farther future), allowing for proactive risk management.
Property Characteristics
Leverage data from land registry and cadastral sources to assess property location, size, age, and more. This detailed property information supports accurate valuation and risk assessment.
Demographic
Data
Incorporate demographic insights from statistical departments to understand population density, economic activity, and social factors that influence risk profiles.
Reconstruction Cost Calculator
Estimate the cost to rebuild properties after an event using our dynamic reconstruction cost calculator. This tool considers local building codes, material costs, and labor rates to deliver accurate estimates.
Data Visualization & Analysis
Visualize risks, property characteristics, and market trends on interactive maps, and analyze them using our Business Intelligence (BI) tools. This allows for a clear and actionable understanding of complex data.
Why Risk and Insurance Companies Trust Ask Wire
From risk assessment to claims management, our solutions provide the data and tools needed to make informed decisions.
Granular Risk Assessment
Evaluate both acute and chronic risks with high-resolution data tailored to your specific needs.
Enhanced Underwriting Accuracy
Utilize comprehensive property and demographic data to improve the precision of your underwriting models.
Streamlined
Operations
Automate data collection, cleansing, and analysis processes, allowing your teams to focus on strategic decision-making.
Proactive Risk Management
Stay ahead of emerging risks with predictive models and future scenario planning.
How Our Solutions Empower Risk and Insurance Companies
Use case 1: Comprehensive underwriting for a national insurance provider
- Challenge: A national insurance provider needed to improve underwriting accuracy for properties in high-risk areas.
- Solution: By integrating Ask Wire’s acute risk data, property characteristics, and demographic information, the insurer refined its risk models, leading to more precise premium calculations and reduced loss ratios.
Use Case 2: Long-term climate risk assessment for reinsurance
- Challenge: A reinsurance company required detailed climate change projections to assess long-term exposure to chronic risks.
- Solution: Using Ask Wire’s chronic risk data and predictive climate models, the company developed a proactive strategy to manage exposure and optimize its portfolio.