Benchmark® provides natural hazard analysis reports from weather events in near real time, including property-specific date of loss and history analysis for hail, wind, and lightning – delivered to you in the Verisk platforms you use today, including Xactimate, XactAnalysis, Decision Net, and ClaimSearch.
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.
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, wind, rain, lightning, and other hazards that occurred at each property.
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.
ClaimSearch is a robust insurance fraud detection system and claims intelligence platform that harnesses the world’s largest database of property/casualty claims.
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