Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
One Concern has created a comprehensive Digital Twin that highlights unseen dangers in both constructed and natural environments due to natural disasters, severe weather, and climate change. This innovative Digital Twin allows clients to identify specific structural vulnerabilities in their buildings, as well as the risks affecting the external infrastructures they rely on. Serving as the foundation for our unique risk models, the Digital Twin facilitates the calculation of resilience quotient, which empowers businesses to estimate potential operational disruptions during unprecedented hazard events. By offering insights into the direct structural threats posed by climate and extreme weather, as well as the dependencies of these properties, One Concern provides valuable assessments. Moreover, we analyze potential downtime across various hazards and return intervals, factoring in the effects of climate change under scenarios predicting a 1.5 degrees Celsius rise in temperature. Consequently, our findings equip customers with a deeper understanding of their risk landscape and the necessary steps to enhance their resilience.
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
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
One Concern
Founded
2015
Country
United States
Website
oneconcern.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