Underwriting and Rating

Hail Risk Assessment

Managing hail risk encompasses the damage it can do—and hidden damage it may have already done. Capture the full scope of this peril with tools that help track its destructive path across time and location.

 Localized events with an outsize impact

Large events aren’t the only threat from hail; smaller ones can have an aggregate effect—or even on an occurrence basis for more rural portfolios. The geographic spread has grown beyond “hail alley,” a wedge of Midwestern states long deemed at higher risk. And the timing of hail events is shifting. April has seen the largest uptick in activity over the past five years.

Informed decisions, simplified

Verisk provides robust hail risk assessment information based on scientifically grounded data, updated frequently to reflect the latest risk landscape.

Flag potential pre-existing hail damage

Damage leading to claims may be slow to appear, but there’s data to help insurers manage risk more effectively.

Identify emerging hail exposures

Knowing hail-prone regions can complement awareness of past damage to paint a more complete picture.

Prioritize ordering inspections

Smart use of inspection resources can pinpoint locations of past hail exposure and potential claims.

Develop forward-looking strategies

Insights into hail trends can help you develop forward-looking strategies as you grow your book.

Strengthen automated decision-making for risk assessment

Risk exposure and damage insights can help you automate underwriting and risk selection.

Unveiling the hidden risk

Hail damage often goes unreported because it may take time to appear, and property owners may be unaware. Verisk analysis shows that one-third of hail claims have the wrong loss date, and half of those misdated claims take more than a year on average to be filed.