RVINE, Calif.- CoreLogic, a leading global property information, analytics and data-enabled solutions provider, announced it has aligned with The Auto Club Group (ACG), an AAA-affiliated insurance provider, to offer CoreLogic’s Reactor™ service. The solution provides proprietary weather technology to enable insurers to quickly visualize and query severe weather and wildfire events against policies-in-force to improve catastrophe planning, assessment and response.
Reactor connects forecasted, real-time and forensic weather data with policies-in-force, geo-coded to the insured property’s exact location, to provide actionable insights — all within a single platform. Using forensic weather analytics to compare historical storms with reported claims, clients can establish a loss ratio and determine a total incurred but not reported (IBNR) estimate, as well as predict the number of claims likely to be filed after an event occurs. Ultimately, insurers can use this information to enhance their natural disaster planning and response activation. Policyholders’ satisfaction with their provider is directly impacted by claims handling speed and efficiency, creating demand for carriers to move faster, while leveraging clear and accurate data. Having a single source of information helps create a smooth workflow, accelerating response, resulting in an overall better customer experience.
“Reactor helps The Auto Club Group’s claims team pinpoint the location of policyholders, relative to where the storm activity occurred, so they can plan and accelerate their response before, during and after severe weather events,” said Curtis McDonald, senior professional product management and meteorologist for CoreLogic. “We are able to provide a timely forensic analysis from our proprietary models, which helps to unlock more robust and accurate analytics.”
“Reactor enables ACG to quickly anticipate and identify policyholders who may have suffered losses. The geospatial mapping enables us to determine where to deploy our assets and at what level, to ensure our members and policyholders receive the support they need, as soon as possible,” said Bobby Futch, Vice President of Claims for AAA – The Auto Club Group.
About AAA – The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 62 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.
CoreLogic is a leading global property information, analytics, and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
CORELOGIC, REACTOR and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.