Innovations: Combining Weather Analytics with Claims Data

By Vincent Conti May 28, 2013

Question: If you combine a global climate research company with a leading provider of software that estimates all phases of building and repair, what do you get? Answer: The newest innovation in cat claims analytics to help manage the worst Mother Nature has to offer. How? You bring historical and near-real-time weather data to the field and use innovative valuation tools. 

Two of Verisk's subsidiaries, Atmospheric and Environmental Research (AER) and Xactware, have teamed up to respond to industry demand for catastrophe claim data for all perils.  To address that demand, we’re now transforming how the insurance industry uses weather information.  With services from Verisk, you’ll apply weather-based analytics to claims, underwriting, and enterprise risk management.  Our all-encompassing approach will help you meet and beat your catastrophe claim challenges. You'll improve policyholder satisfaction, reduce catastrophe response and claim cycle times, identify catastrophe claims demand earlier, and deploy catastrophe teams more efficiently.