Benchmark | Weather Analytics Resource for Insurers

Benchmark^™

Fast and accurate resolution of weather-related claims increases policyholder satisfaction and retention. Benchmark™ provides underwriting and claims teams with quick, accurate reports and maps for hail, wind, and lightning at each property—delivered in Verisk platforms you use today including Web and mobile.

Verify storm damage claims quickly and accurately

Benchmark helps your catastrophe and claims adjusters improve claim settlement time and policyholder satisfaction with fast access to location-specific weather analysis and a clear understanding of a storm’s impact. Benchmark provides direct field access to weather-severity reports and granular, near real-time maps.

When field teams adjust claims after a weather event, the biggest challenges are determining the date the loss occurred and determining what damage is new and what was preexisting. Making that determination often takes time, which can slow the process of claims and negatively affect customer satisfaction.

Using Benchmark, your team can:

• Reduce cycle time to improve policyholder satisfaction
• Optimize claims adjustment expenses
• Improve the quality of claims adjustment
• Reduce fraudulent claims
• Rapidly deploy a consistent view of hail, wind, and lightning across your claims department

Natural peril history database for underwriting and claims

Benchmark is an easy-to-use weather analytics resource for insurers and service providers that offers underwriting and claims teams quick, accurate reports, maps, and analysis for hail, wind, and lightning at each property. Your underwriters can avoid properties with preexisting damage and more accurately evaluate risk on renewals. And the information is delivered in platforms you use, including: