Author: OneConcern

Blog  •  August 30, 2023

Improve Underwriting Profitability with One Concern’s Business Interruption API

MENLO PARK, CALIF. (August 30, 2023) – Underwriting profitability requires that organizations maintain focus on risk selection, pricing, portfolio management, and policy coverage(s). These components of underwriting success rely on a strong data-driven technology stack and a strategy that harnesses powerful data for informed and quick decision making. Underwriters have…

News  •  August 16, 2023

One Concern Announces Strategic Partnership with Swiss Re to Reveal Nat Cat Business Interruption Risk

MENLO PARK, CALIF. (August 16, 2023) — One Concern, an AI physical risk company, and Swiss Re, a global reinsurance leader, today announced a strategic partnership that will enhance the underwriting and management of nat cat business interruption risk. Under the partnership, One Concern’s Business Interruption Risk Scores and Metrics…

Blog  •  August 8, 2023

Minimize Supply Chain Disruptions Before an Event Occurs

MENLO PARK, CALIF. (August 8, 2023) – Corporations are facing an increase in supply chain risk from both internal and external factors. Internally, as supply chains become more complex and outsourced, visibility to physical risk has decreased with existing supply chain management (SCM) technologies, especially when considering dependency risk to…

Blog  •  August 7, 2023

One Concern’s Resilience Modeling: Highlights from ICASP14 Conference

We take great pleasure in announcing that two of One Concern models were recently presented at the 14TH INTERNATIONAL CONFERENCE ON APPLICATION OF STATISTICS AND PROBABILITY IN CIVIL ENGINEERING (ICASP14) conference. This conference focuses on the applications of statistics and probability in civil engineering and is one of the key…

Blog  •  July 26, 2023

Utilizing One Concern Tools to Facilitate Functional Recovery in Alignment with the Federal Plan

MENLO PARK, CALIF. (July 26, 2023) – In an era marked by escalating natural disasters, the focus of risk mitigation has evolved from mere survival to speedy recovery. The federal government, through the National Earthquake Hazards Reduction Program (NEHRP), underscores this modified approach with a focus on functional recovery of…

Blog  •  July 25, 2023

Insurers Finally Have a Tool for Capturing Business Interruption Risk

MENLO PARK, CALIF. (July 25, 2023) – Recent natural disasters have and will continue to expose commercial property (re)insurers to significant business interruption (BI) losses. Previously, commercial property (re)insurers priced business interruption risk solely as a function of physical damage to the insured property. Now, for the first time ever,…

Blog  •  July 21, 2023

One Concern Fills Critical Gap in Property Valuation Models: Impacts of Downtime on Cash Flow

MENLO PARK, CALIF. (July 14, 2023) — Traditional real-estate valuation methods, such as discounted cash flow (DCF) models, do not adequately account for costs associated with catastrophic events and their impact on a property’s net operating income (NOI) over a given time horizon. These DCF models, designed to predict likely…