Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Correntics offers a Climate Risk Analytics Platform that empowers organizations to identify, evaluate, and manage physical climate risks affecting their assets, operations, and supply chains. This innovative cloud-based solution integrates climate data with geospatial analytics and interactive mapping, allowing users to assess their vulnerability to various hazards such as floods, extreme heat, drought, wildfires, rising sea levels, and storms. Organizations can conduct detailed risk assessments at both the asset level and across entire portfolios, compare potential future climate scenarios, and develop prioritized resilience strategies. The platform also features automated reporting capabilities that align with climate disclosure frameworks like IFRS S2 and TCFD. With its user-friendly dashboards and customizable analytical tools, Correntics provides science-based insights that assist sustainability teams, risk management professionals, financial institutions, consultants, and infrastructure organizations in making strategic decisions, enhancing their resilience, and fostering long-term adaptation to climate change. Ultimately, this comprehensive solution positions organizations to better navigate the complexities of climate risk management.
Description
In recent decades, extreme wildfire conditions have surged by 50% as a result of climate change, leading to a staggering $31 billion in property damages. Consequently, many insurance firms have chosen to withdraw coverage from homes and businesses in California, significantly impacting their profitability. Terrafuse's innovative wildfire AI risk scores assess the true likelihood of property combustion a year in advance. Our wildfire risk solution empowers insurance providers to underwrite a broader range of businesses while limiting non-renewals to properties deemed to have the highest risk of burning, and it allows them to price premiums according to actual risk levels. We enhance our models by analyzing over 50 interconnected environmental factors, such as building density, dead fuel moisture, and vegetation types, to evaluate loss severity over time. Additionally, we incorporate atmospheric physics into our models through sophisticated machine learning methodologies, ensuring a comprehensive understanding of wildfire risks. This approach not only aids in better risk assessment but also fosters a more resilient insurance market in the face of escalating wildfire threats.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Correntics
Founded
2021
Country
Switzerland
Website
www.correntics.com
Vendor Details
Company Name
Terrafuse AI
Founded
2018
Country
United States
Website
www.terrafuse-ai.com
Product Features
Product Features
Risk Management
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment