one_concern, Author at One Concern
Technical Working Group Letters, 2022
Our technical working group shares their feedback with One Concern’s modeling teams each year through letters. Below, you’ll find the two complete letters provided to our team from our Technical Working Group (TWG) members, reflecting on our Flood Hazard and Seismic & Infrastructure Modeling.
2022 TWG Review of One Concern
Hurricane Ian 2022 – Putting our Digital Twin to the Test
In a single day, Hurricane Ian became one of the most expensive storms in American history, estimated to have caused over $67 billion in insured damages alone (and extensive uninsured damages). Even a month after the storm, communities across Florida and beyond are only beginning to rebuild and reopen businesses.
Increasing Resilience Across the Real Estate Life Cycle
Hurricane Ian has devastated Florida’s Gulf coast. The total damages resulting from prolonged power outages and infrastructure failures in the Fort Myers area and across Florida will likely vastly exceed the cost of property destroyed by the wind or the flooding itself; losses from the storm are expected to be significant.
Expanding the Reach of Our Digital Twin Technology to Japan
By Ahmad Wani, CEO & Co-Founder, One Concern
Our mission of making disasters less disastrous means fostering resilience in as many locations across the globe as we can, especially in those areas that are most vulnerable to hazards. Although Japan makes up only 0.28% of the world’s land area, it experiences significant disaster challenges.
Resilience and Business Downtime: From Predicting Losses to Preventing Them
One Concern Launches Digital Twin in Japan to Build Climate Resilience
MENLO PARK, CALIF. (October 4, 2022) — One Concern, a resilience analytics technology company, launched today two new products in Japan, One Concern DNA™ and One Concern Domino™, to help companies and organizations adapt to the escalating threats related to natural disasters, climate change, and extreme events to build climate resilience.
Disaster-Proofing by Decarbonization: Linking Physical Climate Risk to Transition Risk
Monday, September 19th marked the beginning of UN Climate Week. This year, we confront the climate crisis with greater urgency than ever before, as companies race to meet their decarbonization targets, struggle to comply with new disclosure requirements, and contend with financial losses from extreme weather events.
Increasing Resilience in Japan with One Concern Ready
Japan’s rainy season typically brings torrential rains and flooding across the country, inundating cities with previously unpredictable water levels. With the most recent release of our One Concern Ready™ product, we are now supporting six additional municipalities in Japan.
Minimizing Mortgage Default Risk with Climate-Resilient Banking
By Oleg Blokhin
As inflation eats away at margins and interest rates rise, borrowers will look for cheaper financing. To stay competitive, banks will need better ways to determine which properties are truly at the greatest risk of default on their mortgages and charge them accordingly.
Pricing Climate Change Through Downtime: Q&A with Dr. Jeffrey Bohn, Chief Strategy Officer
Storms, floods, and other dangerous weather events are increasing in frequency and intensity, impacting business operations and increasing financial risk. There have been 285 climate-related disasters in the United States since 1980. The cost of these disasters amounts to almost $2 trillion.