Overview
CoreLogic Australia has partnered with international satellite data provider ICEYE on a revolutionary disaster response solution.
Combining CoreLogic’s extensive property data with daily updates from ICEYE's global satellite system, the solution enables understanding of the extent and impact of natural disasters during major flood and bushfire events, even through thick smoke or cloud cover.
Understand your portfolio’s exposure to natural disaster, as events unfold
Pinpoint areas and properties affected by flood and bushfire incidents as events unfold
Receive regular updates of impacted areas down to the individual property level
Identify and help clients who are being impacted by severe weather or natural disasters, as events unfold
ICEYE’s satellites continue generating daily updates for disaster events that persist and provide information about the observed surface features and event changes
Make informed business decisions when it matters
Make informed business decisions when it matters
Provide targeted engagement with clients affected by severe weather or natural disasters as events unfold. Better identify, assess, and provide hardship cases with access to finance for emergency assistance or rebuild costs estimate.
Understand your exposure to natural disasters at a granular level and mitigate business risk through proactive loss mitigation strategies, efficient resource allocation, quantifying impacted properties, and more.
Manage valuation strategy by identifying risk areas and implementing changes to business rules and policy control as events unfold.
Monitoring of disaster impacts for your business
Plan and prepare
- Receive alerts, prepare lending processes, identify areas to be monitored
- Effective allocation of resources
- Proactive engagement with borrowers to minimise exposure where appropriate
Monitor and respond
- Gain a more granular and comprehensive understanding of the bank’s exposure
- Identify requirement for additional due diligence on new business – risk-based valuation type
- More precise view of impacted properties for meaningful engagement with impacted customers
- Appropriate treatment strategies for delinquent customers
- Use of automatic configuration of business rules or policy controls during an event
Mitigate risk and engage with customers
- Targeted customer support strategy
- Identify and minimise potential fraudulent claims
- Benefit on the ability to perform stress testing
- Rebuild costs available where the main dwelling is impacted
Monitoring of disaster impacts for your business
Plan and prepare
- Receive alerts, prepare lending processes, identify areas to be monitored
- Effective allocation of resources
- Proactive engagement with borrowers to minimise exposure where appropriate
Monitor and respond
- Gain a more granular and comprehensive understanding of the bank’s exposure
- Identify requirement for additional due diligence on new business – risk-based valuation type
- More precise view of impacted properties for meaningful engagement with impacted customers
- Appropriate treatment strategies for delinquent customers
- Use of automatic configuration of business rules or policy controls during an event
Mitigate risk and engage with customers
- Targeted customer support strategy
- Identify and minimise potential fraudulent claims
- Benefit on the ability to perform stress testing
- Rebuild costs available where the main dwelling is impacted
Interested to learn more about how Disaster Response and our suite of property resilience solutions can benefit your business?
