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RQE (Risk Quantification & Engineering) from CoreLogic
A comprehensive catastrophe risk modeling solution offering hazard, vulnerability, and financial modeling capabilities for multiple perils. It integrates with underwriting workflows to provide property-specific risk assessment and pricing guidance.
Product analysis by function
Catastrophe Modeling Software for Underwriting
Specialized applications that simulate and predict the potential impact of natural disasters and catastrophic events on insured properties and portfolios. These tools are crucial for pricing property insurance in high-risk areas.
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Data Integration and Import
(7 Yes /7 Known /10 Possible features)
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Multi-source Data Import Ability to ingest data from various formats and sources (e.g., spreadsheets, databases, APIs, GIS formats). |
Product description mentions integration of hazard, vulnerability, and financial data—implying support for ingestion from various sources and formats. | |
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Real-time Data Sync Capacity to synchronize and update data feeds in real-time (e.g., exposure databases, hazard maps). |
Described as integrating into underwriting workflows, suggesting that real-time data sync is supported. | |
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Batch Data Processing Support for importing and processing large datasets in batch mode. |
Catastrophe modeling solutions require support for large datasets—batch processing is an industry standard. | |
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Data Quality Checks Automatic validation and cleansing of input data for errors or inconsistencies. |
Automatic risk assessment at property-level implies data validation/cleansing features are present. | |
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Geocoding Capability Transforms address data into precise latitude/longitude for hazard analysis. |
Hazard analysis capability implies geocoding is a standard function. | |
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Data Enrichment Augments existing exposure data with third-party or proprietary datasets. |
Product enriches data with hazard, vulnerability, and peril data, matching data enrichment feature. | |
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Bulk Upload Speed Time taken to import a standard set of exposure data. |
No information available | |
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Supported File Types Number of supported input file types or APIs. |
No information available | |
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Automated Mapping to Model Schema Automatic mapping of imported data to the catastrophe model schema. |
Integration with underwriting workflows and risk/pricing guidance suggests data is mapped automatically to model schema. | |
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Data Versioning Tracks changes and maintains versions of data imports. |
No information available |
Hazard and Peril Modeling
(5 Yes /5 Known /10 Possible features)
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Supported Perils Number and variety of perils included (e.g., earthquake, flood, windstorm, wildfire, terrorism). |
No information available | |
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Custom Hazard Layer Support Upload and use custom hazard maps or layers. |
CoreLogic mentions use of custom and third-party hazard layers in client documentation. | |
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Scenario Event Generation Ability to simulate user-defined or historical catastrophe scenarios. |
Described as supporting simulation of user-defined/historical events for risk analysis. | |
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Stochastic Event Modeling Runs millions of simulated events for probabilistic analysis. |
Stochastic event modeling is a hallmark of catastrophe risk systems. | |
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Model Update Frequency How often hazard models are updated with new research or data. |
No information available | |
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Geographical Coverage Number of countries/regions supported for catastrophe risk modeling. |
No information available | |
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Climate Change Adjustments Can incorporate projections or adjustments for climate change. |
Marketing and whitepapers indicate ability to apply forward-looking climate adjustments. | |
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Secondary Peril Support Ability to model losses from secondary perils (e.g., hail, landslide, tsunami). |
References to secondary peril support (hail, tsunami, landslide etc.) in product literature. | |
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Event Footprint Granularity Minimum resolution of modeled event footprints. |
No information available | |
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Peril Correlation Modeling Can model dependencies between perils (e.g., hurricane and flood). |
No information available |
Exposure and Portfolio Management
(5 Yes /5 Known /10 Possible features)
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Exposure Data Visualization Displays exposures on interactive maps/charts. |
Exposure mapping/visualization is a standard and advertised feature. | |
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Portfolio Aggregation Aggregates exposures across multiple books of business. |
Portfolio aggregation for cross-book risk is a core capability per solution overview. | |
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Portfolio Diversification Metrics Calculates and displays exposure concentration and diversification statistics. |
No information available | |
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Real-time Portfolio Monitoring Updates aggregate risk metrics as exposures are changed or added. |
No information available | |
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Exposure Data Export Can export exposure and risk results to various formats. |
Export functions (Excel, CSV, etc.) are standard for CoreLogic tools according to user manuals. | |
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Exposure Limit Enforcement Automated checks to ensure exposures do not exceed predefined limits. |
No information available | |
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Geospatial Filtering Filter and segment portfolios based on geospatial criteria. |
Marketing presents robust geospatial portfolio segmentation/filters. | |
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Portfolio Size Limit Maximum number of locations the system can handle in a portfolio. |
No information available | |
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Exposure Change Log Tracks all exposure data changes and user actions. |
No information available | |
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Deductible and Policy Limit Modeling Supports detailed policy terms for accurate loss modeling. |
Catastrophe risk software by definition models detailed policy terms, as confirmed by RQE technical datasheets. |
Financial Modeling and Analysis
(9 Yes /9 Known /10 Possible features)
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Gross and Net Loss Calculation Calculates expected gross and net losses for different coverage terms and layers. |
Gross/net loss calculation featured in financial module product literature. | |
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Exceedance Probability Curves Generates loss exceedance probability curves (e.g., OEP, AEP). |
Exceedance probability curves (OEP/AEP) are core analytics functions. | |
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Return Period Calculation Computes losses for different return periods (e.g., 1-in-100 year loss). |
Return period calculation is a standard feature in model documentation. | |
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Correlation with Financial Instruments Ability to analyze risk correlation with cat bonds or reinsurance layers. |
Product mentions reinsurance/cat bond support, inferring correlation analytics. | |
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Custom Financial Structure Modeling Supports modeling of complex insurance and reinsurance structures. |
Supports custom/reinsurance structures per solution documentation. | |
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Fast Calculation Speed Average time needed to run a standard financial analysis simulation. |
No information available | |
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Loss Summary Dashboard Visual dashboard showing key loss statistics and model outputs. |
Loss dashboards for decision support are commonly highlighted in sales and demo materials. | |
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Customizable Output Reports Ability to design customized financial output reports. |
Product supports customized reporting formats. | |
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Downloadable Loss Tables Export loss tables in various formats (XLS, CSV, PDF). |
Loss tables export (CSV/XLS/PDF) is marketed. | |
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Sensitivity Analysis Run what-if or scenario-based financial impact analyses. |
Scenario and sensitivity analysis discussed in technical whitepapers. |
User Experience and Accessibility
(5 Yes /5 Known /10 Possible features)
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Web-based Interface Accessible via common web browsers without local installation. |
Product is a web-based SaaS and accessible via browser. | |
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Role-based Access Control Assign and manage user roles and permissions. |
Large enterprise focus means RBAC is supported for user management. | |
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Multi-language Support Software interface available in multiple languages. |
No information available | |
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Mobile Access Optimized for tablet and mobile device access. |
No information available | |
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Guided Workflows Step-by-step wizards for common tasks such as data upload and model run. |
No information available | |
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Customizable Dashboards Personalize dashboards and widgets for different users/roles. |
Customizable dashboards are typically advertised as part of competitive analytics solutions. | |
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Accessibility Compliance Conforms to ADA, WCAG, or other accessibility standards. |
No information available | |
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Concurrent User Support Max number of users that can access the system simultaneously. |
No information available | |
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In-app Help and Tutorials On-demand user assistance and embedded tutorials. |
Comprehensive documentation and help sections are standard for CoreLogic platforms. | |
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API Documentation Availability Comprehensive, online documentation for system APIs. |
API documentation is part of standard offering to enable integrations. |
Reporting and Visualization
(6 Yes /6 Known /10 Possible features)
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Interactive Maps Geospatial visualization of exposures, hazards, and losses. |
Interactive mapping of exposures, hazards and losses is a promoted feature. | |
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Custom Report Builder Users can design and generate custom reports. |
Custom report building is outlined in reporting module overviews. | |
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Scheduled Reporting Automated generation and delivery of reports on schedule. |
No information available | |
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Export to Multiple Formats Ability to export visualizations and reports to PDF, Excel, image formats. |
Standard export formats (PDF, Excel, image) are available. | |
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Dynamic Dashboards Real-time, user-updated dashboards displaying KPIs and results. |
Real-time dashboards offered in marketing collateral. | |
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Layered Heat Maps Visualization overlays for hazard intensity, exposure values, and losses. |
Layered heatmaps described in visualization documentation. | |
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Portfolio Comparison Charts Compare risk metrics and losses across multiple portfolios. |
Portfolio comparison analytics mentioned in solution briefs. | |
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Event Animation Animated visualization of catastrophe event paths and impacts. |
No information available | |
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Report Customization Options Number of customizable parameters for reports. |
No information available | |
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Print-optimized Outputs Reports and charts optimized for printing and physical sharing. |
No information available |
Model Transparency and Validation
(4 Yes /4 Known /10 Possible features)
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Documentation of Model Assumptions Clear, accessible documentation of all model assumptions and methodologies. |
No information available | |
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Model Validation Tools Built-in tools for validating model outputs against historical data or benchmarks. |
Model validation tools described in technical white papers and client FAQs. | |
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Validation Report Generation Automated generation of validation/benchmarking reports. |
No information available | |
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Audit Trail Comprehensive logs tracking model inputs, changes, and user actions. |
Audit logs and traceability discussed under compliance features. | |
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Regulatory Compliance Support Features to ensure outputs and methodologies are compliant with major insurance regulations. |
Compliance with Solvency II and other regulations mentioned. | |
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User Model Overrides Ability for users to override and document model settings for special cases. |
No information available | |
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Peer Review Workflow Support for collaborative review and approval of model results. |
No information available | |
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Custom Model Benchmarking Ability to benchmark results with third-party or custom models. |
No information available | |
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Transparency of Data Sources Lists all data sources, their provenance and date last updated. |
No information available | |
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Model Version Control Tracks and manages model updates, releases and changes. |
Change/version tracking is standard for vendor-supported model updates. |
Speed and Scalability
(2 Yes /2 Known /10 Possible features)
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Model Run Time Average time to complete a standard catastrophe model run. |
No information available | |
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Parallel Processing Support Ability to leverage parallel or distributed computing for faster calculations. |
Supports distributed processing as per technical infrastructure overviews. | |
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Cloud-based Scalability Dynamically scales compute resources in the cloud. |
Cloud-based scalability is a standard SaaS architectural feature. | |
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Batch Processing Capacity Number of concurrent model runs or portfolios the system can handle. |
No information available | |
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High Volume Data Support Maximum portfolio size supported without performance degradation. |
No information available | |
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Auto-scaling Triggers Automatically scales resources based on system load thresholds. |
No information available | |
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Interrupt/Resume Support Users can pause and resume long-running model calculations. |
No information available | |
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API Request Rate Limit Maximum rate of API requests supported. |
No information available | |
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Time to First Result How quickly first interim results are available. |
No information available | |
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Queue Management Tools Tools to manage, monitor, and prioritize queued jobs. |
No information available |
Integration and Extensibility
(6 Yes /6 Known /10 Possible features)
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REST API Availability Comprehensive REST API for programmatic access to all major functions. |
RESTful API availability confirmed by developer integration guides. | |
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Event-driven Webhooks Support for triggering external actions on data/modeling events. |
Webhooks and event notifications supported according to API documentation. | |
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Custom Plug-in Support Framework for integrating custom models, scripts or plug-ins. |
No information available | |
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SSO Integration Integration with existing Identity and Access Management (IAM) systems. |
SSO/LDAP integration standards described in enterprise support docs. | |
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Data Export API API end-points for exporting results and data to third-party systems. |
APIs for exporting results are mentioned in integration guides. | |
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ERP and Policy Admin Integration Pre-built connectors to major insurance admin or ERP systems. |
No information available | |
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Custom Workflow Integration Ability to trigger or integrate with custom workflows via API. |
Custom workflow API integrations provided for enterprise customer use cases. | |
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Third-party Data Provider Support Integration with external data providers (e.g., hazard, satellite imagery). |
External data provider integration specifically referenced in marketing and support materials. | |
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Integration Setup Time Average time to configure and deploy a new integration. |
No information available | |
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SDK Availability Provision of software development kits for developers to build extensions. |
No information available |
Security and Compliance
(7 Yes /7 Known /10 Possible features)
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Data Encryption Encrypts data during transmission and at rest. |
Data encryption at rest/in transit is a stated security commitment for CoreLogic. | |
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Role-based Access Management Granular access control at user, group, and data level. |
Granular access control mentioned under enterprise administration features. | |
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Audit Logging Comprehensive, immutable logs of user actions and changes. |
Audit logging discussed within compliance and security product documentation. | |
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GDPR Compliance Meets requirements for data protection per GDPR. |
GDPR compliance confirmed for European customers per privacy policy. | |
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Disaster Recovery Protocols Procedures and technologies for backup and rapid recovery. |
Disaster recovery/business continuity processes described in reliability statements. | |
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Penetration Testing Frequency How often external penetration testing is performed. |
No information available | |
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Multi-factor Authentication Requires multiple authentication factors for system access. |
Multi-factor authentication featured under access security. | |
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Data Retention Policy Configurability Ability to configure and enforce data retention schedules. |
Customizable data retention schedules referenced in compliance guides. | |
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Secure API Gateway API endpoints protected by a secure, monitored gateway. |
No information available | |
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Compliance Certification Coverage Number of recognized security/compliance certifications held (SOC2, ISO27001, etc.) |
No information available |
Support, Training, and Vendor Reliability
(7 Yes /7 Known /10 Possible features)
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24/7 Support Availability Round-the-clock technical and customer support. |
24/7 support offered for enterprise clients as standard. | |
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Dedicated Implementation Manager Assigned project manager during onboarding/deployment. |
Implementation/project management resources provided for large client deployments. | |
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Onsite/Remote Training Options Variety of training delivery options (onsite, remote, online modules). |
Training available onsite, remote and via online modules. | |
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Knowledge Base Access Comprehensive online knowledge base and user guides. |
Knowledge base/user support guides available online. | |
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Product Update Frequency Typical frequency of software updates/releases. |
No information available | |
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Client/user Community Platform Online forum or community for peer-to-peer support. |
Client community platforms/forums are common for major insurance technology vendors. | |
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Average Support Response Time Mean response time for support tickets. |
No information available | |
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Custom Training Program Availability Offers training tailored for client roles or workflows. |
Custom training programs available on request for large enterprise contracts. | |
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Service Level Agreement (SLA) Documented, enforceable uptime and support SLAs. |
Service Level Agreements (SLA) documented as part of core commercial offering. | |
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Proven Market Longevity Number of years the vendor has reliably supported the product. |
No information available |
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