Respond
Catastrophe teams use the Respond™ natural hazard analysis and forecast service to respond efficiently and accurately to natural perils and weather-related claims.
- Reduce loss adjustment expense
- Improve customer service and Net Promoter Score
- Accelerate cycle times and optimize logistics
- Receive accurate location-specific analytics integrated into the claims workflow
- Transform Risk into Opportunity
| Claims & CAT Process | Benefit | How |
|---|---|---|
| Claims Response | Improve customer service |
|
| Bulk Reserves | Optimize loss reserving |
|
| Fraud Detection | Earlier detection of fraud patterns |
|
Natural Hazards in RespondTM
The RespondTM service includes a comprehensive suite of natural hazard measures that allow the catastrophe response team, claims operations managers and adjusters to understand precisely the potentially damaging weather conditions that occurred in a region, neighborhood or at a property address.
- Hail and thunderstorms
- Winds and winterstorms
- Tornadoes
- Hurricanes
- Wildfires
- Lightning
Manage Weather Perils Directly Within Your Claims Workflow
- Quickly view your PIF in relation to where the weather occurred
- Receive new data updates throughout the day
Case Study - Hurricane Isaac Rewind: Respond™
RespondTM page on Verisk Climate website
—AER is a division of Verisk Climate.
Next-Generation Claims Handling: How Will the P/C Industry Respond to Increasing Frequency and Severity of Weather-Related Events?
—Verisk Review, October 12, 2012
The Future of Weather Analytics
—Property Casualty 360, July 26, 2012
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.