Insurance

No industry is more vulnerable to the volatile nature of natural hazards including weather than insurance. In this challenging environment, you need the kind of peril-related business intelligence that can help you transform risk into opportunity.

Although the risks associated with severe weather are increasing, your ability to manage the risks proactively is also increasing. AER scientists have worked with our parent company, Verisk Analytics, to develop a comprehensive suite of science based risk analysis products for the insurance industry, including Benchmark, Respond, and LOCATION. These products focus on giving insurance and other risk based industries the ability to proactively manage risks from leading natural hazards inlcuding hurricanes, winds, hail, and wildfires.

Case Study - Hurricane Isaac Rewind: Respond™

UPDATE:

—The insurance services are provided by Verisk Climate. AER is a division of Verisk Climate.

RespondTM service
—Link on Verisk Climate website

BenchmarkTM service
—Link on Verisk Climate website

Verisk Climate Announces First Use of Dual-Polarization to More Precisely Map Hail for the Insurance Industry
—Press release 2015

INSURANCE NEWS:

Atmospheric and Environmental Research Teams with NOAA on Hail and Severe Storms Risk Management Initiative
—Launches Respond for insurers to better manage hail claims. Press release 2011.

Risk Management & Space Weather: Are You Ready?
—By Nicole Homeier, James Martin Griffin, and Kyle Beatty, in National Underwriter Property and Casualty, Sept. 6, 2011.

Finding consistency amid increasingly chaotic weather: How weather analytics make global underwriting more predictable
—By Kyle Beatty, CCM, AER Managing Director, in Perspectives from America, Autumn, 2010.

An early warning of the risks of space weather
—By James Martin Griffin, AER Staff Scientist, March 28, 2011.

Climate Change Could Cause $12.3B In Annual Losses For Gulf, East Coasts
National Underwriter Property & Casualty, Jan. 3, 2011. Highlights research study on storm surge risk to property by Atmospheric and Environmental Research (AER) and AIR Worldwide.