Munich Re’s
Wildfire HD Edition

Munich Re, the pioneer of global natural hazard risk scoring, has developed a new Wildfire Risk HD zoning map to support wildfire risk management in the US states of California, Colorado, Arizona, Nevada and Oregon, as well as Alberta and British Columbia in Canada. Now, absolutely new, Wildfire HD Edition has been extended by the states of New South Wales and Victoria, as well as the internal territory of the Australian Capital Territory.

Risk scores are calculated using Munich Re’s claims experience and scientific assessment of the impacts of climate change. This new edition is available as part of Munich Re’s Location Risk Intelligence Platform.

The risk maps in the Wildfire HD Edition offer a significantly higher resolution in order to generate even more detailed assessments, including key zones for high-risk and high-value locations.

Climate data and claims records indicate a significant rise in wildfire hazard and loss levels in the United States, Canada and Australia.

The size of the losses highlights the large accumulation potential, something that is often underestimated. The frequency of meteorological conditions that favour severe fire seasons has also increased in many regions around the world. Of major importance for the insurance industry in this context are additional regions with highly exposed values, such as the Mediterranean in Europe and regions in Australia.

Key benefits

• Higher resolution to better resolve Wildland Urban Interfaces (WUI), key zones for high-risk and high-value locations. The WUI is 1.5 miles (2.4 km) wide and divided into 5 detailed zones.
  
• Easy to visualise maps for risk acceptance rather than complex stochastic models.
  
• API available for flexible integration into your existing tools and processes.
  
• Underpinned by the claims analysis of one of the world’s leading reinsurers.
  
• Taking into account the latest knowledge on the impacts of climate change.

Location Risk Intelligence Platform is a thoroughly modular software solution that is available in six different platform options. You can also add up to two risk score editions (Natural Hazards Edition and Wildfire HD Edition) and four additional score modules to your preferred solution.

Sometimes more is simply more. Especially when it comes to well-designed functionalities that facilitate risk assessment on the one hand and reduce your workload on the other. These outstanding functionalities include single location assessment, portfolio assessment, location geocoding, map services, saving of locations, elevation profiles, traffic light visualisation, location set filtering, REST API and areas and lines scoring.

Did you know that you can also seamlessly combine Wildfire HD Edition with Climate Change Edition and Natural Hazards Edition to assess potential risks better and more comprehensively? Learn more …