Cloud-based data company Qomplx has joined CoreLogic, a provider of property intelligence and data analytics, to providing industry access to CoreLogic’s Oasis LMF- enabled models via the Qomplx:OS marketplace.
Q:Helm will include access to CoreLogic’s next-level contiguous U.S. Earthquake Model and Japan Earthquake Model, which provide insight into the damage that can occur following an earthquake and how aftershocks can amplify the effects months after an event. Similar to Qomplx’s other collaborations, the relationship with CoreLogic expands the geographic range and catastrophe offerings of Q:Helm.
“CoreLogic is seeking to help the market take advantage of the additional flexibility and choice provided by placing its catastrophe models onto the Oasis Loss Modeling Framework. We are delighted to be providing our models as part of QOMPLX offering to further increase that opportunity,” said William Forde, senior director, product management, insurance and spatial solutions at CoreLogic.
The relationship will further expand Qomplx’s offering of insurance data, services and models to the insurance and reinsurance industry.
“We provide a high-performing ecosystem of diverse offerings inside Q:Helm, and the CoreLogic models will be a major addition to the platform,” said Steve Smith, QOMPLX director, insurance product and modeling.
The Qomplx:OS marketplace provides customers access to services that can be purchased on-demand and offers significant advantages to provide more informed insurance underwriting decisions and better risk selection. Key features include: a single platform with a common user interface, a choice of offerings based on specific needs, multiple contract options and a diverse suite of offerings.
