As we move into the blockchain, we need to keep models within the blockchain, and as such, we need to ensure a uniform property risk rating classification system.

The current proposal is for a 4 character classifier that loosely groups 4 major risks from high to low. 

This classifier is used by the Underwriting Pool Oracles to determine the appropriate level of risk 

A 4 character code to represent the impact of natural events

WLIE

where

W - Windstorm

• 1 - high windstorm

• 9 - low windstorm

L - Flood

• A - high flood

• F - low flood

I - Fire

• 1 - high flood

• 9 - low flood

E - Earthquake

• A - high earthquake

• F - low earthquake

ie

1A9F - on the ocean below FEMA NFIP, low fire, low earthquake (Florida coast)

9E1F - low windstorm (inland) and above NFIP, high fire, low earthquake (mountain house in forest)

this will follow the FEMA designation - since already done