Insufficient data can make weather claims more difficult
The unpredictable nature of weather makes it difficult to mitigate risk, forecast claim volume, manage resources, and make meaningful decisions before and during weather events across the United States.
The Respond® suite of products gives you the insight you need to manage weather events proactively, no matter when and where they happen.
Data insights that guide your severe weather response
With US weather data insights that are timely, accurate, and actionable, you can expedite your claims and help get your policyholders back to normal, faster.
Claims management decisions
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.
Treaty recovery
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.
Proactive outreach
Contact policy holders quickly after an event. Screen claims and identify potential fraud.
IBNR analysis
Estimate affected policies within hours of an event and the volume of claims incurred but not reported.
Predictive analytics for claims
Improve predictive modeling for claims volume and pace. Our analysts can work with you to predict the effect of a storm in the context of your book of business, with expert interpretation and commentary on the analysis.
Predict demand in the US with Respond weather analytics
Respond® weather analytics help you predict demand for your building repair products and services by giving you the reliable, timely weather-related data you need.
Correlate weather events to product demand
If inadequate weather-related demand planning is costing your business, Verisk’s analysis and forecasting can tie into your demand planning system with predictive analytics that correlate climate and weather events—such as hail, wind, and hurricane—to product demand.
Optimise response to storm-driven demand surges
Forecast storm demand surges more precisely by using predictive analytics to correlate each storm’s damage severity to local inventory needs for building materials and restoration supplies.
Increase revenue and provide superior customer service
Achieve optimal revenue generation while avoiding excessive inventory. Accurately forecast increased demand from distributors and retailers following storms, allowing for swift responses and timely product provision.
Storm-driven demand surge
Respond ® weather analytics empower building materials manufacturers, distributors, and contractors to optimise operations at the neighbourhood level across the US.
Comprehensive views before, during, and after the storm
Damaging weather drives demand for materials to repair affected properties. Manufacturers, distributors, and contractors need to assess exactly where severe storms affect communities quickly so they can get the right materials to the right locations in the shortest amount of time.
Quantified hail damage
Respond’s hail detection algorithms and our nationwide footprint of homes allow you to quantify the damage and resulting storm demand surge down to the local level to facilitate decisive and timely responses.
Hurricane damage forecasting
Respond forecasts damage estimates up to five days before landfall. The predictive analytics are updated multiple times a day as the tropical cyclone approaches land.
Analyse exposure to damaging hail and other perils
Respond lets you visualise the effect of each peril in the context of local policies. When a storm occurs, the near real-time weather analytics are automatically fine-tuned based on radar, computer models, satellite imagery, and Verisk industry-wide claims data. They are then tailored to your needs and integrated into your workflow.
Analyse exposure to damaging hail and other perils
Discover what Respond can do
Covering all major perils in the US, Respond helps you prepare for and respond to events that affect your policyholders and book of business.
Discover what Respond can do
Features and capabilities
Policy impact alerts
Get detailed loss volume and coverages on your book of business by combining US 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
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
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.
A broad spectrum of uses
Verisk Respond can enhance your catastrophe and non-catastrophe efforts.
Operational response
Improve operational processes and policyholder satisfaction by aligning staffing levels with resource demands, placing staff in optimal locations, assigning claims to adjusters based on experience, and validating the date of loss for each claim.
Financial reporting
Increase the accuracy of early-stage bulk reserves by analyzing claims, improving catastrophe classification and recovery, and using predictive modeling to set aside reserves.
Fraud management
Quickly detect potentially fraudulent claim patterns and escalate them to SIU personnel when warranted by using advanced technology and analytics.
Related resources
Explore weather-related topics from our industry experts.
White paper
Respond—Hail in the United States
Accurate, timely post-event hail data informs rapid decisions in response to weather events. Insurance companies can use Respond to identify exactly where in the US a hail event occurred and determine the impact to their book of business.
White paper
The science of hurricane wind
Accurate, timely information is vital when a hurricane impacts a location of interest. Respond hurricane delivers the information needed to both prepare for and react to the wind impacts associated with tropical systems.
Flyer
Respond-Hail impact energy
Hail Impact Energy modeling provides a hail variable that is more predictive of hail claims than hail size alone and enables better decision making around event response.
Flyer
Respond—Tornado Probability
Tornado Probability provides a first indication as to where tornadoes may have occurred and the probability that a tornado has impacted a particular area.
Do more with the Verisk ecosystem
Add more functionality to Respond with powerful toolsets, reports, and maps.
Billions of records to enhance or complement your own data
Harness the power of Verisk's aggregated loss cost data through a dedicated web portal available to all Lloyd's syndicates.
A single source of model wordings for the London market
Achieve pre-bind quality assurance and contract certainty with this library of policy wordings and clauses available for viewing or download with one click. Available to all Lloyd's syndicates.
End-to-end property insurance claims management
Deliver excellent customer service with this full-cycle claims management software solution for property claims.
Get in touch to learn more or book your demonstration
For product information, technical support or questions our team is available Monday through Friday, 8 a.m. - 5 p.m. GMT (except Bank Holidays, Christmas Day and New Year’s Day).
UK Contact Number:
+44203 8084265
