CoreLogic recently introduced Navigate, a new cloud-based analytical portal designed for flexible delivery of CoreLogic’s global suite of more than 185 high-fidelity catastrophe risk models.

The new platform optimizes workflows, enabling scalability, accessibility and faster run times for efficient risk assessment and timely decision making, CoreLogic announced in a press release.

“Over the past decade, we’ve significantly increased our investment in catastrophe modeling due to changing weather patterns,” Garret Gray, president of CoreLogic Global Insurance Solutions, said in the release. “The market’s demand for a reliable, straightforward catastrophe modeling service is at an all-time high. Risk professionals need easy access to trustworthy models and Navigate offers flexible risk assessment with precise detail for today’s dynamic risk landscape.”

Navigate’s flexible cloud-based platform and API-first architecture provide direct access to the models. With no hardware needs, Navigate offers a lower total cost of ownership when compared to on-premises solutions, the company stated.

CoreLogic’s catastrophe risk solutions are built on the latest scientific research, deep engineering knowledge, and a breadth of claims and exposure data to deliver a granular view of global catastrophe risk.

The global model suite encompasses six continents, 100-plus countries/territories, for the perils associated with floods, wildfires, severe convective storms, earthquakes, hurricanes and typhoons and extra-tropical cyclones.