Weather Risk Management for Insurance

Enterprise Weather Risk Management

Insurers face unprecedented uncertainty and financial risk due to severe weather events.

For Property and Casualty insurers in particular, the changing nature and frequency of severe weather has created a need for weather-related business intelligence that enables them to transform risk into opportunity.

Gain actionable business intelligence from weather data
Insurance leaders recognize that while the risks associated with severe weather are increasing, the ability to manage the risks proactively is also increasing.

Most insurance companies use weather data to make critical decisions, but in many cases the data is not specific enough, or not in a format that is used easily. AER enables insurance professionals to make better business decisions by focusing on just the relevant weather information.

Through the use of analytics and predictive modeling, insurance companies can:

• Anticipate onsets of high risk environmental conditions
• Take proactive measures to mitigate the impact

That’s why insurers are partnering with AER to systematically and proactively manage weather risk.

Enterprise Weather Risk Management
The AER weather/climate risk management service enables insurers to proactively measure, monitor and manage weather-driven claims activity.

• Benefits
• 3-Step process to transform risk into opportunity
• Products and Services for Property & Casualty Insurers
• Industry Insights for Insurance Executives

Atmospheric and Environmental Research (AER), a sister company of ISO, is the nation’s leading commercial source of weather data, forecasts, and predictive analytics. AER is a subsidiary of Verisk Analytics.