Verisk provides detailed analytics of weather, climate, and environmental perils to help you understand and manage risk, better allocate field staff, improve customer satisfaction, shorten workflow cycles, and support profitability.
Natural hazards are increasing in frequency and severity. Insurers should ask themselves three key questions while managing peril risk across:
Changing weather patterns are creating new challenges as the footprint grows for frequent hail events and the severe thunderstorms that often produce them.
Hail damage can take time to detect, leading to delayed claims. But data and analytics can help insurers manage these risks more effectively.
In the post-industrial age, rising CO2 levels are warming the atmosphere and oceans, allowing more storms to develop and strengthen.
Complex changes in large-scale wind patterns are expected to create more favorable conditions for hurricanes, flooding, and tropical cyclones.
Wildfires have increased dramatically during the past decade. Loss exposure will continue to grow as the wildland-urban interface (WUI) and other high-hazard areas are further developed.
With deeper understanding of these effects, you can underwrite and manage your wildfire exposure with greater insight.
This report examines recent activity, trends, and data-driven tools to help insurers and communities better measure and mitigate risk surrounding three especially destructive categories of hazards: Hail and severe thunderstorms, wildfires, and hurricanes.
Verisk supports research and education to reduce the scope and severity of wildfire losses, working with community-level mitigation programs to track participation.
The Verisk wildfire risk analysis determined the number and percentage of properties at high and extreme risk from wildfire in the 13 most wildfire-prone states and two Canadian provinces*. Our FireLine® Risk Reports contain complete state or provincial-level risk analyses.
As a global pandemic continued to affect the world, a winter storm and hurricanes battered the south and the Midwest. These and other 2021 events affected labor and material prices and drove claims activity throughout the year.
As wildfires and other natural catastrophes grow in frequency and severity, so does the value of data ecosystems to help insurers gain a comprehensive view of property risk, from address-level exposure to granular, up-to-date reconstruction cost estimates.
Severe thunderstorms are a common natural phenomenon in the US, causing more than half of annual reported insured losses since 1985.Read the article
Verisk’s Climate Change Projections help organizations investigate how loss metrics such as average annual losses (AALs) and return period may change in the future.Read the article
Taking into consideration the nuances of the property you’re insuring can help you take charge of multifaceted risk factors.Read the article
With the wine industry estimating over $3 billion in losses due to these fire events, the spotlight on wildfire risk in Northern California remains as acute as ever.Read the article
You will soon be redirected to the 3E website. If the page has not redirected, please visit the 3E site here. Please visit our newsroom to learn more about this agreement: Verisk Announces Sale of 3E Business to New Mountain Capital.