CoreLogic is an insurtech company that provides platforms and applications for the property insurance industry. One of their solutions is a First Floor Height model that uses property imagery and data to determine the elevation of a structure's ground floor, which is a critical metric for assessing flood risk. This model provides more accurate first floor height measurements at a one-meter granularity compared to traditional methods like elevation certificates, which are prone to errors and delays. The First Floor Height model integrates with CoreLogic's underwriting platform to give insurers an efficient way to determine flood risk and premiums.

1. CoreLogic
Insurance Solutions:
TDI Award

2. Technology for
the entire
property
insurance
ecosphere
An InsurTech company that provides a
full spectrum of platforms and
applications for the entire property
insurance ecosphere.
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Who is CoreLogic?
Our Mission
The CoreLogic Method for Innovation
Our suite of solutions are highly integrable to form (or lay the foundation
for) an integrated digital ecosystem – technologies that connect
processes between business divisions and with business partners. This
connected digital architecture facilitates optimized insurance workflows and
provides a single source of data for all stakeholders in a project.
CoreLogic in a Nutshell

3. Who is CoreLogic?
Our Mission
The CoreLogic Method for Innovation
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CoreLogic in a Nutshell
Our mission is to facilitate the rebuilding of lives and restoration
of properties while positively impacting the lives of those we serve. We do
this through four pillars of technology – solution sets – that optimize
insurance operations while delivering exceptional customer service.
InsurTech with a Critical
Mission
Our Solution Sets:

4. Who is CoreLogic?
Our Mission
The CoreLogic Method for Innovation
4
We are constantly enhancing and
innovating our solutions so that our
technology remains ethical – in
other words, built with data that
approaches every person without
bias.
Our enhancements and new
products are designed to address
specific problems while having a
broad impact.
The Method for Innovation Behind
Our Cutting Edge Technology
CoreLogic in a Nutshell

5. A 2023 Underwriting
Innovation:
First Floor Height
(FFH)
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To illustrate CoreLogic's innovation,
we introduce you to our First Floor
Height technology solution,
which enables insurers to more
accurately assess the flood risk of
commercial and residential structures.
The catalyst for developing this
solution was the underwriting
challenges surrounding flood
insurance policies – namely in
calculating the first floor height
of every property (the most important
– and most complicated – metric to
determine).
FFH is the elevation of the
ground floor relative to the
surrounding area and is the most
important metric for adjusting flood
risk into the future

6. Challenges with
Underwriting Flood
Insurance
Relying on elevation certificates, which often don't exist.
The process of procuring one is costly and time-
consuming.
Errors that elevation certificates often contain when
they do come back to homeowners and ultimately
insurance carriers.
Ensuring accuracy, with another traditional method of
identifying FFH being using estimates from properties
within the same neighborhood.
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First floor height is a crucial factor that carriers
must include in their rating systems.
Delays and inaccuracies break the underwriting cycle and
bring significant costs to insurance companies and
homeowners.
Difficulties with calculating first floor height
include:

7. First Floor Height (FFH):
CoreLogic's AI-driven
Model
The First Floor Height model is powered by the industry's most
comprehensive property imagery and appraisal data collection, underwriters have
instant access to the intelligence they need to determine the first floor height of any
residential or commercial structure – all with one meter granularity.
With CoreLogic's First Floor Height model, underwriters have an
efficient, effective mechanism for accurately determining a structure's flood risk
and assigning the appropriate flood rating.
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8. CoreLogic’s First Floor
Height Core Features
• Powerful image analytics embedded into the
model that remove the potential for human error
and oversight, as well as the need for elevation
certificates or other third parties
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• One meter granularity to ensure measurements
with address-level precision, allowing carriers to
assign proper differentiation to every structure
• Integrated into CoreLogic's Underwriting
Platform to ensure all project stakeholders have
instant access to FFH data

9. In Summary: First Floor Height
Alternatives
• Using elevation certificates –
which are costly, time-consuming
to procure, and are prone to
human error
• Using neighborhood averages to
calculate first floor height – often
creating inaccurate formulas
because there is often a great
deal of height
differentiation among different
structures within neighborhoods
• Leveraging other models – no
other model on the market has
the one-
meter granularity/magnification
that CoreLogic's First Floor Height
model does
• Working with the homeowner to
measure first floor height –
creating conditions for human
error
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By using First Floor Height, carriers avoid having to
use alternative mechanisms for calculating this critical
measurement. These other methods for carriers are:

10. FFH = 11ft
AAL $15
500yr PML = $16K
FFH = 0.5ft
AAL = $806
500yr PML =$120K
First Floor Height (FFH)
< 3ft
3ft – 5ft
5ft – 10ft
10ft – 15ft
15ft – 20ft
FFH FFH
First Floor Height Adjusts Damage & Loss
CONFIDENTIAL. This material may not be reproduced in any form without express written permission.
As you can see from these two homes – which are in the same
neighborhood – granularity matters when measuring first floor height, which
significantly impacts Average Annual Loss (AAL) and Probably Maximum
Loss (PML) for properties.
Using neighborhood
averages to calculate
the first floor height
of a property does
not guarantee
accuracy. This
pictured neighborho
od demonstrates the
common case in
which there are
multiple homes with
significantly different
elevation heights
within the same
community.

11. Sea Level
LAG = 8ft
FFH (First Floor
Height) = 11ft
What Does the FFH Model Look Like for Users?
BFE = 7ft
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CONFIDENTIAL. This material may not be reproduced in any form without express written permission.
1
1
Feet

12. Integration with CoreLogic
Hazard Risk Scores
CoreLogic is in the process of integrating the First Floor
Height model will be with CoreLogic Hazard Risk
Scores.
These catastrophe-specific scores provide insurers with
objective risk scores for every type of natural disaster
that they can integrate into their rating systems for more
accurate risk analysis when calculating insurance
premiums.
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13. Let photos and data do the talking when
possible.
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With CoreLogic's FFH integrated into the CoreLogic Flood Risk Score, carriers that use the score to build their rating systems to establish
insurance premiums have a more accurate view of risk for every property.
For example, what have traditionally been considered high risk structures (based on first floor height measurements conducted without
CoreLogic's model) could easily be categorized as lower risk if their first floor height is measured accurately. A more realistic view of risk
is beneficial both to insurance providers and their policyholders – increasing insurability and even profitability.