Respond: Get Ahead of the Damage from Natural Disasters
How it Works
Benefits
Features
Case Studies
How to Order
Hail
Wind
Hurricane
Tornado
Rainfall
Wildfire
Discover what Respond can do
Respond
Discover what Respond can do
Covering all major perils, Respond gives you a leg up in preparing for and responding to events that affect your policyholders and your book of business.
Rely on Vai. Respond weather analytics is powered by Vai artificial intelligence and automation.
How it works
Receive Respond data in near real time
View in GIS software or Respond MAP
Overlay policies in force for analytics
Respond’s precision analysis helps improve:
Determine if a weather event warrants a catastrophe response and quickly assess storm severity, the number of claims adjusters and third party adjusters needed, and at what locations they’re needed most.
Determine the accurate date of loss and whether a loss was part of a catastrophe event. Insurance companies have identified millions of dollars of additional catastrophe recoveries or classified losses using Respond.
Contact policy holders quickly after an event. Screen claims and identify potential fraud.
Estimate affected policies within hours of an event and the volume of claims incurred but not reported.
Improve predictive modeling for claims volume and pace. Verisk's analysts can work with your team to use our proprietary algorithms and cross-industry data to predict the effect of a storm in the context of your book of business. We can provide expert interpretation and commentary on the analysis.
Managing perils
Get a more detailed look at how Respond helps manage the following perils:
Catastrophe and non-catastrophe teams can quickly and accurately perform many functions:
Operational response
Operational response
- Determine resource demands
- Place staff in optimal locations
- Match claim complexity with adjuster experience levels
- Validate the date of loss of each claim
- Achieve rapid and sustained improvement in operational processes and policyholder satisfaction
Financial reporting
Financial reporting
- Increase the accuracy of early-stage bulk reserves
- Analyze claims and improve catastrophe classification and recovery
- Improve predictive modeling
- Set aside reserves
Fraud management
Fraud management
- Detect potentially fraudulent claims patterns quickly
- Escalate claims earlier to SIU personnel when warranted
Utilizing Respond analytics
Policy impact alerts
Policy impact alerts that detail loss volume and coverages on your book of business by combining storm severity and policies in force. You can review the effect on residential and commercial properties from a variety of perils by various categories.
Predictive analytics
Predictive analytics to improve predictive modeling for claims volume and filing pace. Our proprietary algorithms use Verisk’s cross-industry data to predict the effect of a storm in the context of your book of business and portfolio.
Catastrophe claims
Catastrophe claims analysis to help you identify millions of dollars of classified losses or additional catastrophe treaty recoveries. Insurers can determine the most accurate date of loss related to hail, wind, and other storms and determine if a loss was part of a catastrophic event.
Visualizing weather data with Respond MAP
Visualizing weather data with Respond MAP
Respond MAP is a web-based mapping and analytics platform that allows the user to visualize and get the most value out from Respond data in a simple and interactive interface.
- Setting up a GIS system can be time consuming and expensive. Respond MAP is included and quickly integrates with Respond data.
- Constantly downloading shape files into internal systems is time consuming and requires expensive storage and file management. The Respond MAP online platform allows users to make the most of always-current data.
- The simple set up and low maintenance allows your teams to focus on other initiatives. There’s nothing to set up and no need for programming on the back end. Plus, Respond MAP is a single source for data and additional imagery—with no need for multiple software packages Visualize your Policies in Force.
Using Respond MAP
Visualize
Visualize
As soon as you open Respond MAP, you can see how many of your policies have been impacted by severe weather.
Analyze
Analyze
Use the interactive charts and plots to determine the number of locations impacted by the peril and its magnitude.
Confirm
Confirm
Then upload claims information after an event, overlaid with respond weather data to determine the veracity of claims and protect your business from fraud .
Case studies: Respond in action
Each year Respond’s proprietary algorithms help carriers and their adjusters navigate the complexities of weather perils. Read recent case studies below.
Hurricane Isaias
On Sunday, August 2, 2020, Tropical Storm Isaias roiled off the east coast of Florida. It later became better organized, with maximum sustained winds of up to 70 mph.
Hurricane Harvey
Tropical Storm Harvey made landfall as a low-end Category 4 Hurricane near Rockport, TX on the evening of August 25.
Hurricane Matthew
In 2016, Hurricane Matthew became the most significant hurricane event in the U.S. in more than a decade.
How to buy
To get started with Respond, first reach out to us or call your rep to set up a demo.
From there, we'll help determine precisely what your needs are and tailor the product to fit right into your workflow, accounting for perils of interest, claims volume, and number of exposures.
Respond data is available shortly after all parties agree to the data deliverables.
Benchmark historical storm data
Benchmark historical storm data
While Respond is a geospatial product focusing on visualizing weather data Benchmark® provides a detailed, location-specific storm report used to verify existing claims.
Do more with the Verisk ecosystem
XactAnalysis + Respond
XactAnalysis is a powerful toolset that helps claims and underwriting professionals catch errors, report on progress, and benchmark performance.
Benchmark + Respond
Benchmark provides underwriting and claims teams with quick, accurate reports and maps for hail, wind, and lightning at each property of interest.
ClaimSearch + Respond
ClaimSearch® is the world’s largest database of property/casualty claims—it’s also a robust claims intelligence platform.
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