Storms come and go, but the damage remains. When severe and catastrophic weather happens, policyholders feel the impact of a storm the most.
Respond® delivers valuable weather data that lets you evaluate the approximate impact of severe weather on your policies-in-force. Get the critical information you need when perils like hail, wind, lightning, and tornadoes hit the communities you serve. Then use that information to prepare for and respond to the ensuing damage.
With real-time updates as frequently as every 5 minutes, Respond can be a major asset in evaluating risk and improving the overall performance of your operation. Respond’s insights can help you determine what reserves need to be set aside and how much staff you’ll need for projected claims volume—shortening claim cycle times and satisfying customer needs more quickly.
Respond® MAP gives you a single visual weather command center with a built-in GIS platform that lets you compare policies-in-force against weather and GIS aerial imagery data, so you can pinpoint policyholders who likely experienced damaging weather along with the probable severity they experienced.
Respond MAP has been named a winner in the 2023 BIG Innovation awards, presented by the Business Intelligence Group. These awards recognize organizations, products, and people that are bringing new ideas to life in innovative ways.
Adding Hail Impact Energy and Tornado Probability to Respond® gives insurance professionals detailed insight into potential damage from hailstorms and tornadoes so you can efficiently deploy resources and more accurately forecast claims after a severe weather event.
Whether it’s a roof or windshield, Hail Impact Energy estimates the total force of hail when it hits a surface, enhancing Respond’s existing hail products that account for hail size, duration, and probable severity.
Tornado Probability provides a highly granular first look at where tornadoes have likely hit by leveraging the latest polarimetric radar technology and tornadogenesis research.
Benchmark® weather verification reports deliver property-specific hail, straight-line wind, hurricane wind, and lightning data to help you determine the cause and date of loss. On average, 40% of hail claims report an incorrect date of loss, but Benchmark lets you verify when the property damage occurred, helping eliminate uncovered indemnity spend. Benchmark reports are an industry staple, with nearly 1 million reports ordered in 2022.
Access Benchmark in Xactimate®, XactAnalysis®, ClaimSearch™, and Research Hub.
Did you know that Benchmark can automatically flag claims for review in XactAnalysis? With Benchmark automation, you’ll be notified when the date of loss doesn’t match a verified weather event at the property site.
You won’t need to decide when to order a Benchmark report; it’s there waiting for you when you need it.
The Benchmark API lets you integrate Benchmark weather data directly into the platforms, channels, and applications your business uses today. Whether you want the classic PDF report or access to the raw data, you can validate any type of weather-related loss for property and auto claims with the flexibility and consistency of using a single data source throughout your entire organization.
Verisk is always here to help you serve your policyholders affected by damaging weather.