Benchmark

Weather analytics for insurers and service provider partners

 

Verify storm damage claims quickly and accurately

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.

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.

 
 

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Using Benchmark

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.

  • 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:

Catastrophe and claims

Underwriting

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Preparing the Industry

The Benchmark property-specific natural hazard history database provides a consistent and comprehensive record of catastrophe and non-catastrophe hail, wind, rain, lightning, and other hazards that occurred at each property. It's the industry's most comprehensive hail-fall detection and windspeed verification resource for the United States and Canada.

The data source for Benchmark is Respond™, which gives users analysis and forecast services for weather events in near real time, including weather-by-location analysis for wind, hail, lightning, tornado, wildfire, hurricane, storm surge, and other natural perils.

Order a Benchmark report or map

Ordering a Benchmark report or map for hail, wind, lightning and hurricane claims is easy and fast using your existing platforms and workflows. Here are two simple ways:

  1. Benchmark for XactAnalysis® and Xactimate® — To have reports delivered within Xactimate® or XactAnalysis®, contact a sales representative.
  2. Order Benchmark Reports Online — New users can easily order reports and maps for hail, wind, and lightning in minutes.

The Benchmark property-specific, natural hazard-history database provides a comprehensive record of all hail, wind, rain, lightning, and other hazards that occurred at each property. It’s the industry’s most comprehensive hail-fall detection and reporting resource for the United States and Canada.

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I'm ready for more information:

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Customer inquiries for sales and support for Benchmark and Respond are provided by our Xactware team.