Benchmark® provides natural hazard analysis reports from weather events in near real time, including property-specific date of loss and history analysis for hail – delivered to you in the Verisk platforms you use today, including Xactimate, and XactAnalysis.
With Benchmark you can:
Based on XactAnalysis data, 30% of hail-related claims list inaccurate dates of loss, often leading to non-catastrophe claims classification and costing millions in lost reinsurance recoveries.
You can order Benchmark reports for hail, straight line wind, hurricane wind, and lightning strikes.
Incorporating advanced environmental data paired with sophisticated proprietary algorithms, hail reports offer a detailed view of hail data and future hail probability. Aided by specific data like hail size and wind speed at the property and surrounding 5 miles, adjusters can verify severe weather and events that have occurred at and around the loss site.
Damaging weather event occurs, FNOL is received from policyholder
Benchmark report is downloaded
Damage is verified and the additional data speeds the adjusting process
Benchmark’s data source is Respond®—the industry’s most comprehensive hail-fall detection and wind speed verification resource for the United States and Canada. The database provides a consistent and comprehensive record of catastrophe and non catastrophe hail that occurred at each property.
Benchmark reports can be purchased in a variety of ways.
1. From within the Verisk ecosystem
2. In the online store
Individual Benchmark reports can be purchased directly through the online store.
Do even more with Benchmark data. Use the Benchmark API to receive consistent weather data throughout your organization using the platforms, channels, and applications that match your needs.
Learn more about Benchmark enterprise solutions by contacting us.
The first, largest, and only full-cycle claims management software and reporting tool available in the property insurance industry.
Xactimate® is a software system for estimating the cost of repairs and reconstruction for residential and small commercial structures.
Join the Benchmark mailing list and be notified of exciting new features and important announcements.