AER Benchmark Overview

The AER BenchmarkTM database provides the most comprehensive history of natural hazards that occurred at each property.

Designed specifically for insurance carriers, the AER Benchmark archive provides address-specific, high-resolution, natural hazard history including weather causes and dates. Examples include hail, lightning and winds.

Insurance Department
Benefit
How
Underwriting
Improve financial performance
Write new business more profitably by avoiding
properties with pre-existing damages due to natural
hazards. Evaluate risk on renewal.
Claims
Improve customer service;
improve accuracy
Validate quickly the date and cause of loss of each
claim, adjusting claims for insured clients while
reducing loss adjustment expenses and inaccuracies
for claims dated last week, month or in a previous year
Risk Management
Improve predictive modeling skill
Assess quickly the potential pace and volume of claims
from a weather event or natural hazard. Audit claims’
details and adjust any found to be in error 

The AER Benchmark archive includes a comprehensive suite of weather measures that allow an underwriter or claims manager to understand precisely the potentially damaging weather conditions that occurred at a property address. The database search engine provides a weather history for any given address.

Hail and Lightning Reports

Hail reports and lightning strike reports provide rapid analysis for any property or claim.
 
Hail Date of Loss Hail History Lightning Strike
Assess whether the reported date of loss is accurate for the hailstorm or wind peril reported in the claim. Identify the date of most severe hail at the property location, or the most recent date of hail.      
Quickly view the lightning strikes
that may have caused damage at
a specific property address including lightning strike dates and distances from the property of interest.

Hail Maps

The AER Benchmark Database Query service provides interactive hail maps for individual properties or PCS Catastrophes. Claims adjusters and CAT response teams reduce cycle time and improve customer service by reviewing hail maps within hours of a hail storm.

The AER Benchmark Difference

The AER Benchmark database is a living history that is continually improving. AER regularly improves the accuracy of its algorithms that translate weather radar and numerical weather prediction (NWP) data into precise estimates of damaging weather as new scientific and insurance data become available. Users of the data access the latest information to ensure that their business decisions are guided by the most accurate data available in the marketplace.