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What is The XDI Climate Risk Hub?

The XDI Climate Risk Hub delivers top-tier analyses of physical climate risks on demand. Users can quickly access risk ratings for specific assets or entire portfolios, with ratings categorized into five bands derived from ten distinct hazards. Key indicators include Maximum Value At Risk and potential productivity losses, with assessments based on Representative Concentration Pathways (RCPs) and scenarios outlined by the Network for Greening the Financial System (NGFS), covering years from 1990 to 2100. The platform boasts impressive spatial resolution, reaching as fine as 5 meters by 5 meters, and offers extensive customization options. XDI enhances its risk evaluations by integrating engineering data, hazard specifics, and contextual information alongside weather, climate, and financial datasets. The engineering assessments focus on vulnerabilities linked to 140 standardized archetypes, which encompass residential, industrial, and commercial structures, allowing for adaptations to be tested for resilience. Hazard probabilities are derived from historical weather data beginning in 1990, taking into account the local environment, including features such as topography and soil characteristics, alongside flood mapping and various other relevant factors. This multifaceted approach ensures a comprehensive understanding of potential risks associated with climate change.

What is HurLoss?

HurLoss is ARA's sophisticated hurricane catastrophe model designed specifically for property insurers, reinsurers, brokers, and ILS managers to effectively manage risks in hurricane-prone areas. Established in 1998, HurLoss has been pivotal in shaping structural engineering standards in states affected by hurricanes and has played a key role in federal emergency management and mitigation efforts since 2003. The model offers an extensive event set that encompasses the entire North Atlantic basin, including regions like the U.S., the Caribbean, Bermuda, as well as parts of Canada, Mexico, and Central America. What distinguishes HurLoss is its unique physics-based approach to hurricane hazard modeling, which integrates engineering load and resistance analysis based on foundational principles and validated through claims data. Furthermore, the model includes projections for future climate scenarios, allowing users to assess risks with both present and future climatological data, such as changes in sea surface temperature and wind shear. This innovative perspective not only enhances risk assessment but also empowers stakeholders to develop robust hurricane risk management strategies that are adaptable to evolving climate conditions, ultimately ensuring a more resilient approach to disaster preparedness and response.

Media

Media

Integrations Supported

Integrations Supported

Moody’s Risk Modeler
Oasis Loss Modeling Framework

API Availability

Has API

API Availability

Pricing Information

POA

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

XDI

Date Founded

2016

Company Location

Australia, UK

Company Website

xdi.systems

Company Facts

Organization Name

ARA

Date Founded

1998

Company Location

United States

Company Website

www.ara.com/hurloss/

Categories and Features

Climate Risk

Not specified

Environmental

Not specified

Risk Management

Not specified

Categories and Features

Climate Risk

Not specified

Reinsurance

Not specified

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