Developing BEM Applications for the Reinsurance Industry

Award Information
Agency: Department of Energy
Branch: N/A
Contract: DE-SC0018871
Agency Tracking Number: 237570
Amount: $149,864.00
Phase: Phase I
Program: SBIR
Solicitation Topic Code: 09c
Solicitation Number: DE-FOA-0001771
Solicitation Year: 2018
Award Year: 2018
Award Start Date (Proposal Award Date): 2018-07-02
Award End Date (Contract End Date): 2019-04-01
Small Business Information
907 Halifax Drive, Warwick, RI, 02886-1709
DUNS: 078794131
HUBZone Owned: N
Woman Owned: Y
Socially and Economically Disadvantaged: N
Principal Investigator
 Donna Childs
 (401) 615-4000
Business Contact
 Donna Childs
Phone: (401) 615-4000
Research Institution
Inefficient use of energy wastes capital that could be more productively invested in other segments of the U.S. economy. At the same time, the reinsurance industry is eager to reduce property losses arising from increasingly severe weather. But existing reinsurance loss models do not take into consideration the resiliency benefits of energy efficiency measures. The objective of the Phase I SBIR research is to assess the feasibility of developing applications for building energy models to be used by the reinsurance industry. Prisere LLC, with the support of the architecture faculty of the Rhode Island School of Design, will assess the computational tools of building energy and reinsurance underwriting models. The research team will perform basic data analysis with multiple hazard simulation for weather-related hazards in each of the 8 U.S. climatic zones (with three sub-zones in each) for 24 simulation sets to determine the feasibility of developing applications and services for building energy models to inform reinsurance underwriting and capital investment in energy efficiency. Finally, Prisere LLC will conduct cost-benefit analysis and return on investment analysis for property hazard scenarios in each of the 24 U.S. climactic sub-zones.

* Information listed above is at the time of submission. *

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