Underwriting and Rating

Hail Risk Assessment

Managing hail risk encompasses the damage it can do—and hidden damage it may have already done. Capture the full scope of this peril with tools that help track its destructive path across time and location.

 Localized events with an outsize impact

Large events aren't the only hail threat—smaller ones can have an aggregate effect, especially in rural areas where occurrences are more frequent. The geographic spread of events has grown past "hail alley" in the midwest, and the timing of hail events is shifting. Keep up to date with Verisk's latest solutions.

Informed decisions, simplified

Verisk provides robust hail risk assessment information based on scientifically grounded data, updated frequently to reflect the latest risk landscape.

Flag potential pre-existing hail damage

Damage leading to claims may be slow to appear, but there’s data to help insurers manage risk more effectively.

Identify emerging hail exposures

Knowing hail-prone regions can complement awareness of past damage to paint a more complete picture.

Prioritize ordering inspections

Smart use of inspection resources can pinpoint locations of past hail exposure and potential claims.

Develop forward-looking strategies

Insights into ongoing trends can help you develop forward-looking strategies for how to manage hail exposure as you grow your book.

Strengthen automated decision-making for risk assessment

Risk exposure and damage insights can help you automate underwriting and risk selection.

Unveiling the hidden risk

Hail damage often goes unreported because it may take time to appear, and property owners may be unaware. Verisk analysis shows that one-third of hail claims have the wrong loss date, and half of those misdated claims take more than a year on average to be filed.

Unveiling the hidden risk

The footprint grows for hail events

More than 6.8 million U.S. properties were affected by one or more damaging hail events in 2021.

The footprint grows for hail events

Features and capabilities

Hail Damage Score®

Uses granular hail size and intensity information to assess the potential for pre-existing hail damage to a property.

Hail Risk Score®

Indicates the short- to medium-term likelihood of future hail damage at a specific property.

Related resources

Stay in the know about important industry trends and innovative solutions.

Webinar

How Insurers Can Confront Climate-Driven Growth of Natural Hazards

Natural catastrophes generated $176B in claims across the U.S. in 2020 and 2021, as weather-related threats and property development accelerated in vulnerable areas.

View the webinar on demand