Hail and Severe Thunderstorm Risk
Be there to help your customers take cover
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.
Ice, Fire, Wind, and Water
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.
Hail could hit your bottom line in the future—or from the past
Hail could hit your bottom line in the future—or from the past
Hail patterns are changing, and damage claims can be slow to emerge. But hail risk can be manageable for insurers using deep data resources—going beyond claims to incorporate hidden historical damage and evolving climatological trends.
Key perils to watch
Natural hazards are increasing in frequency and severity. Insurers should ask themselves three key questions while managing peril risk across:
- Hail and severe thunderstorm
- Wildfire
- Hurricane, flooding, and storm surge
Handle claims with confidence
Manage claims more effectively with hail analysis derived from dual-polarization radar data—and available in near-real time
Hail Claims Solutions
Get a deeper, fuller view on hail damage date and trends with Hail Claims Solutions from Verisk.
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Lightning Claims Solutions
Benchmark lightning reports give you access to every cloud-to-ground lightning strike in the United States, including Alaska and Hawaii.
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Straight-line Wind Claims Solutions
Near real-time radar and weather model data deliver wind speed at each specific property regardless of distance from wind reporting stations.
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Tornado Claims Solutions
Respond accurately identifies tornadic signatures in near-real time, creating a probabilistic look at where tornadoes are likely to be on the ground.
Learn moreBe proactive and own your risk with probabilistic modeling
Be proactive and own your risk with probabilistic modeling
Verisk models can help companies better prepare for extreme loss volatility posed by this highly localized peril. Our models use a combination of historical data and statistical and physical modeling approaches to quantify event probabilities and generate a spatially robust catalog of simulated severe thunderstorm outbreaks.
Additional insights
Severe thunderstorms and hail: Concentrated events that pack a punch
Severe thunderstorms are a common natural phenomenon in the US, causing more than half of annual reported insured losses since 1985.
Read the article
What’s going on with fire? Taking measure of a growing peril
Verisk works with fire protection, scientific, and insurance community to provide technology to manage and mitigate wildfire risk.
Read the article
Mastering the many aspects of roof condition with multisource data
Homeowners insurers may struggle to capture roof condition, but imagery analytics can help assess risk and opportunities for mitigation.
Read the article