CoreLogic, a provider of information, analytics and business services, has rolled out a new risk assessment tool. The Xiance Desktop solution will assist property and casualty insurers in taking more informed, accurate and timely underwriting decisions. The tool will let users access the hazard risk and premium tax data available in order to improve risk assessment and underwriting decisions.

The vulnerability of a property to natural disasters, such as earthquakes, wildfires and hurricane-driven storm surge flooding, will be known prior to ascertaining availability and extent of insurance coverage. Users will get benefits of enhanced risk selection, underwriting efficiency and improved loss ratios through the new solution. The Xiance Desktop will provide accurate natural hazard risk data obtained by peril and on a per-transaction basis.

Click here for the release from CoreLogic.