Global Risk Consultants Corp. (GRC), a supplier of discunded real estate risk -engineering services and specialist in risks Vde America Work together to integrate the Hagelse likely maximum loss (PML) analyzes of VDE into the extensive nature risk assessment reports of GRC for the solar energy industry.
“This strategic partnership provides a powerful solution and a broader service oak to our customers with solar energy under their assets, to help navigate in increasingly serious convective storm weather events,” said Greg Bates, President and CEO of GRC. “By including the specialized hail-risk assessment capacities of VDE Americas in our natural risk engineering services for dangers, we offer our customers of solar energy even more complete and useful risk limit in hail-sensitive regions.”
The improved risk assessment of natural hazards combine the 67 years of global, independent, independent experience with real estate risks with VDE’s own expertise in the field of modeling of the hail risks. The methodology of VDE integrates radar and land-based meteorological data with the hail-spring power characteristics of specific project equipment to deliver highly detailed, site-specific financial loss estimates.
“Our hail-risk technology was goal-oriented to tackle the catastrophic losses that we have seen in the solar industry,” said Brian Grenko, president and CEO of VDE Americas. “By working together with GRC, we enable us to expand our impact and help more organizations to quantify and reduce the hail risk – which now represents more than 50% of the total insured losses in the solar sector, despite the fact that less than 2% of the claims per volume is well -laid.”
This partnership reinforces a shared dedication to data -driven risk management and best practices for risk deposits. The Integrated Natural Hazards PML risk reports support better informed design, purchasing and operational decisions helps to help the stakeholders of the project improve the resilience through equipment selection and best practices such as “Hail Stow” Tracker positioning. These risk reduction strategies can also lead to more favorable insurance conditions, including possible larger capacity that is offered and premium reductions.
News item from GRC
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