Catastrophe teams use the Respond™ natural hazard analysis and forecast service to respond efficiently and accurately to natural perils and weather-related claims.
Claims & CAT Process | Benefit | How |
---|---|---|
Claims Response | Improve customer service |
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Bulk Reserves | Optimize loss reserving |
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Fraud Detection | Earlier detection of fraud patterns |
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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.
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.