CoreLogic data to accelerate One Concern’s Artificial Intelligence (AI) platform to address escalating climate threats and support ESG+R goals and disclosures
IRVINE, Calif., August 04, 2021--(BUSINESS WIRE)--CoreLogic, a leading global property data and analytics-driven solutions provider, announced a nationwide, three-year collaboration with One Concern, a Menlo Park-based, resilience-as-a-service solutions provider. By using CoreLogic’s flood, storm surge, wind and climate change data, and flood and wind vulnerability models, One Concern can accelerate its AI-enabled resilience solutions and disaster-risk reduction technologies to address and predict weather hazards and escalating climate threats amidst an increasing global focus to develop environmental, social, governance and resilience (ESG+R) goals.
CoreLogic collects and maintains property data on 99% of all U.S. residential properties. Leveraging this information, One Concern can pinpoint the hyperlocal vulnerabilities ahead of climate threats and continue to train its AI systems to assist organizations in shifting from recovery to resilience.
"Amidst worsening natural hazards, enterprises must build resilience strategies for an environment where black swan events are considered normal. As the world looks to face increasing climate risk, we believe ESG should have an ‘R’ for Resilience in order to address these evolving new hazards," said Ahmad Wani, CEO and co-founder, One Concern. "Through this partnership with CoreLogic, we will be able to make disasters less disastrous by uncovering climate-risk blind spots, enabling communities to address the ripple effects of adverse climate events. CoreLogic’s data will give us a major advancement for data modeling to build the resilience-as-a-service category, while setting the stage for enterprises to operate at the nexus of resilience and sustainability. With unparalleled precision and granularity, we can now identify and plan for resilient enterprises to be sustainable, while also reducing their vulnerabilities from extreme weather caused by climate change."
"Many of CoreLogic’s solutions play an integral role in climate change management, as well as in natural hazard risk and post-event recovery. We continue to provide these dynamic solutions to insurance companies, and this collaboration with One Concern presents a new market for CoreLogic as we help inform resilience strategies," said Mick Noland, Managing Director – Protect, CoreLogic. "We look forward to establishing more relationships with cutting-edge solution providers like One Concern as we carry out our mission of helping millions of people find, buy and protect the homes they love."
One Concern’s platform enables enterprise decision-makers to understand their risk exposure to climate and other hazards with probabilistic modeling to show potential impact on personnel, supply chain and other dependencies. In tandem, they enable organizations to invest in sustainable ecosystems and operations by identifying climate threat-resilient strategies to pursue ambitious emissions targets better.
CoreLogic, a leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes. For more information, please visit www.corelogic.com.
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About One Concern
One Concern is a Resilience-as-a-Service solution that brings disaster science together with machine learning for better decision-making. With operations in the US and Japan, the company quantifies resilience from catastrophic perils, empowering leaders to measure, mitigate, and monetize risk so disasters aren't so disastrous. One Concern is now part of the World Economic Forum’s Global Innovators community. For more information: https://www.oneconcern.com/
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For One Concern