CoreLogic Acquires Location, Inc.
Acquisition expands insurance risk analytics and real estate insights for CoreLogic customers for non-weather water and fire, hail and crime risk data
IRVINE, Calif.,—Jan. 22 2020— CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced the completion of the company’s acquisition of Location, Inc., a leader in geographic data sciences and predictive, location-based analytics for businesses across the U.S. and Canada.
Location, Inc.’s proprietary RiskSuiteTM and NeighborhoodScout® solutions combine the company’s deep spatial and property risk assets with advanced machine learning and analytics expertise to provide market insights, projections and risk assessments for the insurance, real estate, and finance sectors. Commercial and residential underwriters rely on Location, Inc.’s suite of claims risk products, including non-weather WaterRiskTM and FireRiskTM, as well as HailRiskTM, as the industry’s first claim probability and severity platform that predicts loss costs for these perils. CrimeRiskTM, the company’s high-resolution crime analytics, offers the most accurate and trusted crime risk data on the market today and is used by insurers across North America to help in mitigating risk and uncertainty in the underwriting workflow.
“Location, Inc.’s unique risk analytic products enhance the CoreLogic offering for property and casualty insurance by expanding our capabilities in predictive, location-based analytics,” said Steve Brewer, executive, Insurance and Spatial Solutions for CoreLogic. “Together,...