Verisk probabilistic models go beyond historical data by providing large catalogues of simulated events that incorporate the factors that drive fire ignition and spread.
High-resolution fuel, wind, vegetation, and topographic data improve risk differentiation.
For example, the US wildfire model considers the probability of a fire in the wildland-urban interface transforming into an urban conflagration.
These models’ vulnerability modules feature damage functions for construction types and occupancy classes and account for fire-resistant roofing and siding.
The Verisk Bushfire and Wildfire models incorporate 10,000, 50,000 (U.S. Wildfire only, in Touchstone®), and 100,000-year stochastic and account for major historical events.
Verisk Bushfire and Wildfire models explicitly model the factors that drive fire ignition, and an enhanced spread model realistically captures how wildfires propagate in the WUI, providing a more comprehensive understanding of the risk.
The Verisk Bushfire model for Australia supports damage functions for 44 construction types and 48 occupancy classes. The Verisk Wildfire model for the US supports damage functions for 105 construction classes and 110 occupancy classes.
The Verisk Wildfire Model for the United States explicitly models smoke damage, allowing you to understand exposure to wildfire smoke damage outside of the wildfire perimeter.
Assess and manage your exposure to wildfire risk throughout the insurance lifecycle with Verisk.
Accurately price risk and understand municipal-level vulnerability for Canadian wildfire.
Software that combines leading-edge models with efficient workflows.
View footprints and track extreme events with real-time data analytics.
Models to help you prepare operational and strategic resilience initiatives that meet the needs of all stakeholders.
Understand your estimated exposure to loss from extreme events today—and in the future.
Model the risk of complex reinsurance contracts to inform your underwriting and pricing decisions like never before.
Analyse and manage address-level wildfire risk and assess community mitigation in the US.