Data-driven insight into risks
Employ risk models built on the largest insurance claim and operational dataset in the industry to identify the greatest risks to a site. With data-driven insight into major project risks, and industry best practice mitigation techniques to focus efforts, owners can mitigate risk and improve insurance terms.
Identify project risks
Understand how your farm’s risk compares to the market and how that may impact insurance submission and claim rates.
Better manage risks
Gain insight into how to manage identified risks based on industry and peer farm best practices.
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Insight into insurance process
Understand how insurers see the frequency and severity of your farm's risks for transparency into insurance submissions.
Insight into historical risk
Clir provides clients with a snapshot of historical risk on the asset based on industry data and site characteristics, along with the claims experienced on-site. This gives an indication of how benchmarks compare to actual issues. This insight can be used to inform projections of future risk.
- Top five risks at the farm.
- Comparison of insurance claim history against a peer group.
- Probabilistic production based on historical meteorological patterns.
Assessment of future risks
By enhancing the benchmarked data with site specific information from RFIs, reports and more, Clir provides clients with an in-depth understanding of future portfolio risks. This data is leveraged to develop site-specific risk mitigation strategies and to help insurers have a better understanding of the site’s risk profile to underwrite the asset.
- Technology related risk factors outlined include:
Catastrophic, site, individual component, age and wind loading. - Natural catastrophe related risk factors analyzed include:
Lightning, storm and hail.
Best-practice mitigation strategies
With a global database of standard and best-practice mitigation strategies used in the market, Clir can provide a tailored risk mitigation plan based on what is effective at peer farms. Leveraging best-in-class strategies allows owners to focus their risk mitigation efforts for optimal results.
Transparency on underwriting decisions
Along with highlighting top risks and potential mitigations, Clir provides owners with transparency into how insurers interpret portfolio risks. By providing an overview of how insurers will respond to the project's risks, owners can understand how to communicate risk mitigation methods and respond to insurance submissions.
