Publish Date: February 8, 2013
Article Source: Press Release
Article Link: www.aer.com/news-events/in-the-news/2013/xactware-and-aer-help-insurance-industry-validate-weather-related-claims-qui
Xactware, a leading provider of technology to the property insurance, remodeling, and restoration industries, and AER have teamed to introduce AER Benchmark™ for XactAnalysis®, the most comprehensive address-specific hail and lightning history database available in the industry.
“On average, nearly 1.5 million property hail claim estimates and nearly 100,000 property lightning claim estimates were processed in XactAnalysis each year over the past three years. Our customers told us how important it is to share natural peril data with their field professionals,” said KC Agrelius, vice president of XactAnalysis at Xactware. “Now, with AER Benchmark for XactAnalysis, claims managers can request address-specific hail and lightning reports at the time a new claim assignment is reported to XactAnalysis so that claims teams can quickly validate the date and cause of loss of each claim.”
Read the full press release.
View the AER Benchmark for XactAnalysis product brochure.
The integrated solution for P&C Claims professionals will be highlighted at the Xactware User Conference on Feb. 12, 2013 in "Managing Hail and Lightning Claims Using AER Benchmark Data in XactAnalysis".
Both Xactware and AER are members of the Verisk Analytics Family of Companies.