Unleashing powerful weather insights
From precise claim assessments to streamlined workflows, insurers and adjusters use Benchmark® reports for enhanced efficiency, accurate data-driven insights, and faster claim resolutions, leading to improved customer satisfaction and optimized claims management.
Increased efficiency around validating claims
With Benchmark reports, insurers and adjusters can validate claims faster by using Verisk’s precise weather data. Our data shows the actual weather events that caused the damage, so there is no need for extra investigations or delays. This leads to smoother claims processing and happier policyholders.
Accurate claims assessment
Benchmark reports provide precise, location-specific data on what kind of weather events happened and when. This enables fair and objective claim assessments, reducing disputes and ensuring policyholders receive appropriate compensation.
Enhanced risk evaluation
Benchmark can show you the history of weather events in any location so you can better evaluate risk. You can also use Benchmark’s historical data to help determine if damage occurred prior to policy inception.
Streamlined claims process
Benchmark integrates with Verisk industry platforms such as Xactimate®, XactAnalysis®, and Research Hub™ via ClaimSearch®, streamlining the claims process.
Redefining accuracy in claims verification
Based on industry XactAnalysis data, 40% of hail-related claims have an inconsistent date of loss, often leading to non-catastrophe claims classification and costing millions in lost reinsurance recoveries. Additionally, 1% of industry hail claims have a corrected date of loss prior to policy inception; meaning without a way to correct date of loss, carriers could be paying for another insurer’s claim.
Redefining accuracy in claims verification
Analyze storm impact with precision
Get a firsthand look at the capabilities of Benchmark.
Analyze storm impact with precision
Features and capabilities
Customized Benchmark access
Do even more with Benchmark data. Use the Benchmark API to integrate location-specific weather data directly into your existing applications, plugging the data into your workflow where you need it.
Flexible delivery options
Have Benchmark reports delivered to you in the way that suits your workflow best, including via Xactimate, XactAnalysis, Research Hub, and the online store.
Automatic, rules-based ordering
Set your own customizable rules to automatically order reports based on peril type, intensity, and location. Rules-based ordering is the industry-preferred method for increasing efficiency and saving you money.
Related resources
See the power of precise weather verification with sample Benchmark reports.
Report
Hail
Incorporating advanced weather radar data with sophisticated proprietary algorithms, hail reports offer a detailed view of hail event history at a specific location. Aided by data for hail size, probability of severe hail, and wind speed at the property, adjusters can verify severe weather and events that have occurred at and around a loss site and correct the reported loss date as needed.
Report
Straight-line wind
Providing precise wind speed and wind duration data on the reported date of loss, this report includes historical data that provides a more comprehensive view of wind events that occurred at the property. It also provides a summary of wind within 1 and 5 miles for added context.
Report
Lightning
Lightning reports identify when lightning occurred at or near a loss location, including details on the number of strikes occurring within 5 miles of the property over a three-day period.
Report
Hurricane wind
Hurricane wind reports detail the maximum sustained wind and wind gust as well as provide details around the duration of wind at and near the loss location for a specific hurricane.
Brochure
Benchmark for hail, wind, and lightning
Benchmark provides the most accessible and comprehensive weather verification data, both in the field and within claims records.
Brochure
Benchmark API
Learn about integrating Benchmark’s weather data directly into the applications, systems, and workflows your business already uses.
Do more with the Verisk ecosystem
Benchmark is part of the Xactware family of products. Explore other Xactware products designed to help you unlock even more efficiencies.
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