Climate hazards pose systemic risks to business strategies, governance and the broader economy. As natural disasters increase in severity and frequency, the banking and lending sectors are particularly exposed to the costs associated with the potential impacts of climate change.
CoreLogic’s portfolio of risk solutions can help finance professionals understand the impacts of climate change on their portfolios while they manage their sustainability and regulatory obligations.
Model your future risk exposure with climate data
Take advantage of 40 years of understanding Australia and New Zealand natural hazards data (claims and modelling) combined with projected climate change scenarios. These hazards include bushfires, floods, cyclones and coastal erosion caused by storm surges and sea level rise.
Append our natural hazard and climate risk data to your portfolio reviews. Model property outlooks under a range of climate change scenarios.
Stress-test forecasts based on various climate change scenarios, so you can estimate long-term future losses and capital implications. This can help your business plan for the future, with effective portfolio pricing that takes into account potential future liabilities.
We can also help with your portfolio reviews by matching and appending our natural hazard and climate risk data under various climate change scenarios.
Inform your underwriting strategies
Strengthen your policy risk responses by incorporating our natural hazard scores into your pre-qualification and security acceptability processes. Discover how CoreLogic’s natural hazards and climate risk solutions can help you make lending decisions to align with your risk appetite.
Get direct access to CoreLogic’s hazard and climate change tools via PropertyHub, our market-leading property research and customer engagement platform.
Integrate our natural hazards and climate risk solutions directly into your own system and business rules with our convenient CoreLogic APIs.
Consider whether to make voluntary disclosures under the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations framework. Develop a corporate climate change policy to satisfy community and market expectations.
Our climate risk solutions can help you proactively offer hardship assistance to customers impacted by natural disasters. Use our tools to track the progress of natural hazard events and identify your customers that are potentially affected. This can help you target specific assistance to your clients or reduce cost on portfolio management by putting on hold operational valuation.
We can also help you conduct portfolio reviews and assess rebuild costs for properties impacted by natural disasters.
Track the potential impacts of natural hazards
Understand your exposure to existing natural hazards within your portfolio so you can develop appropriate risk mitigation strategies. CoreLogic’s partnership with Munich Re gives you access to advanced location analytics, underpinned by 40 years of natural hazards data collection combined with sophisticated risk score modelling.
Comprehensive coverage of existing hazards
- Tropical cyclones
- Extratropical storms
- River flooding
- Flash flooding
- Storm surges
CoreLogic’s tools can help you understand your current exposure to natural hazard and climate change events, so you can make appropriate disclosures to regulators and the market. You can also incorporate this data into your lending policies and ongoing risk management frameworks.
Estimate the impact of specific forward-looking climate change risks under a range of potential scenarios across the 2050 and 2100 time horizons. These can be used for climate-related portfolio stress testing or financial disclosure reporting, with a range of indicators based on:
- Sea level rise
- Tropical cyclones
- River flooding
- Heat stress
- Precipitation stress
- Fire weather stress
- Drought stress
How will natural hazards affect coastal properties over time?
Coastal Risk Scores for Financial AssessmentDownload the whitepaper
LNP housing pitches may help some households overcome the deposit hurdle, but neglects housing equality
On the weekend, the Liberal party announced two new policies around housing and superannuation in the lead up to next week's election. The first was lowering the age threshold for those who could access downsizing contributions to superannuation.On the weekend, the Liberal party announced two new policies around housing and...
Proud member of IGCC