Products and Services for Property and Casualty Insurers

Property and casualty insurers are challenged with unprecedented uncertainty and financial risk as severe weather events become more widespread and frequent. To address this growing need, Atmospheric and Environmental Research's (AER) sister company Verisk Climate developed a new generation of natural hazard analysis and weather forecasts that enable you not just to reduce risk but to transform risk into opportunity by rethinking the impact of severe weather on your business operations.

Natural Hazard Risk Management Products and Services

Re/insurers benefit from capabilities in:

Custom Research and Development: gain value-add approaches tailored for your business and your customers
Retained Scientific Services: leverage our scientists, technologies, data and forecasts to augment your capabilities
Weather and Climate Analytics: correlate weather to claims activity based on historical territory-level patterns of both weather and claims
Forecasts and Real-time Analysis: know where, when and severity of weather events: hail, flood, hurricane, ice, tornado, winds, wildfire

Who	Benefits	Examples
Risk management & strategic planners	Plan for and price risks appropriately Know where, when and severity before natural hazards occur	Custom R&D on weather, climate, wildfire, space weather or other natural hazards Weather Claim Analytics and Forecasts Peril analysis and risk correlation Climate risk assessments
Claims and catastrophe response	Improve service to policyholders Reduce loss adjustment expense	Respond^TM analysis and forecast service
Claims adjusters & SIU	Save time Reduce fraudulent claims Increase customer satisfaction by verifying legitimate claims faster	Weather forensics reports and consultations Address-specific weather data and maps of hail, lightning strikes, damaging winds and tornadoes.
Underwriters & Actuaries	Underwrite new business Pinpoint hazards before they occur	High resolution data analysis derived from weather radar and satellites Natural hazard history of building location using Benchmark^TM Wildfire exposure risk management Weather and hurricane forecasts Climate change projections
Marketing & Customer Service	Increase customer satisfaction Reduce loss adjustment expense Proactively mitigate risk	Reduce cycle time Weather event notifications

To learn more about products and services for property and casualty insurers, please contact us at AER or Verisk Climate.

Case Study - Hurricane Isaac Rewind: Respond™

Verisk Climate announcements about product integrations for insurers
—Verisk Climate press releases for Respond^TM and Benchmark^TM in 2015.

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

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, in Perspectives from America, 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.