Verisk Adds Hail Impact Energy, Tornado Probability to New Respond Solutions

The detailed real-time data gives insights that will help insurers to efficiently deploy resources and more accurately forecast claims after a severe weather event.

(Image source: Verisk.)

Verisk (Jersey City, N.J.) has announced its addition of Hail Impact Energy and Tornado Probability to its Respond weather solutions. With this enhancement, insurance professionals can now get highly detailed, real-time data that gives insight into potential damage from hailstorms and tornadoes to help efficiently deploy resources and more accurately forecast claims after a severe weather event, a vendor statement says.

Hail Impact Energy estimates the total energy of hail when it hits a surface and incorporates Verisk’s existing Respond hail products that account for hail size, duration, and probable severity, the Verisk statement explains. Tornado Probability provides what the vendor characterizes as a highly granular first look at where tornadoes likely hit by leveraging horizontal and vertical radar pulses (dual-polarization radar). Both products are updated every 5 to 10 minutes, the vendor reports.

Aaron Brunko, SVP,  Property Estimating Solutions, Verisk.

“Verisk has a history of delivering critical weather data to insurers by incorporating cutting-edge radar technology and the latest research advancements into our proprietary weather algorithms,” comments Aaron Brunko, SVP,  Property Estimating Solutions, Verisk. “Hail Impact Energy and Tornado Probability are just the latest two examples and will allow our customers to analyze and manage property claims like never before. By focusing on multiple characteristics of hail and the hailstorm itself, Hail Impact Energy provides a first-of-its-kind innovation designed to more clearly determine the likelihood and severity of hail damage. In addition, Tornado Probability enables our customers to quickly mobilize within minutes of an event and be first to respond.”

Verisk explains that insurance professionals will have the option to view Hail Impact Energy and Tornado Probability data within Verisk’s Respond GIS mapping and analytics platform, Respond MAP. This platform enables users to combine valuable weather data with locations of interest, such as policies-in-force, to help pinpoint damage to a portfolio and support intelligent decisioning for Verisk’s suite of Respond perils, including hail, wind, wildfire, tornado, and hurricane, the vendor says.

Verisk says that it will discuss the capabilities of the new capabilities at its upcoming Elevate conference, February 7 – 8 in Salt Lake City, where the vendor’s meteorologists will share more about these new solutions and how Verisk continues to advance the science of weather data.

Verisk Announces Acquisition of Swedish InsurTech Mavera

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

Leave a Comment

(required)