
Property-specific hail, straight-line wind, hurricane wind, and lightning data to help you verify damage and date of loss.
Vendor
Verisk
Company Website
Easily validate claims with critical insights about weather events in near-real-time. Get the reports and data delivered to you in the Verisk platforms you use today.
Unleashing powerful weather insights
From precise claim assessments to streamlined workflows, insurers and adjusters use Benchmark® reports for enhanced efficiency, accurate data-driven insights, and faster claim resolutions, leading to improved customer satisfaction and optimized claims management.
Increased efficiency around validating claims
With Benchmark reports, insurers and adjusters can validate claims faster by using Verisk’s precise weather data. Our data shows the actual weather events that caused the damage, so there is no need for extra investigations or delays. This leads to smoother claims processing and happier policyholders.
Accurate claims assessment
Benchmark reports provide precise, location-specific data on what kind of weather events happened and when. This enables fair and objective claim assessments, reducing disputes and ensuring policyholders receive appropriate compensation.
Enhanced risk evaluation
Benchmark can show you the history of weather events in any location so you can better evaluate risk. You can also use Benchmark’s historical data to help determine if damage occurred prior to policy inception.
Streamlined claims process
Benchmark integrates with Verisk industry platforms such as Xactimate®, XactAnalysis®, and Research Hub™ via ClaimSearch®, streamlining the claims process.
Redefining accuracy in claims verification
Based on industry XactAnalysis data, 40% of hail-related claims have an inconsistent date of loss, often leading to non-catastrophe claims classification and costing millions in lost reinsurance recoveries. Additionally, 1% of industry hail claims have a corrected date of loss prior to policy inception; meaning without a way to correct date of loss, carriers could be paying for another insurer’s claim.
Features and capabilities
Customized Benchmark access
Do even more with Benchmark data. Use the Benchmark API to integrate location-specific weather data directly into your existing applications, plugging the data into your workflow where you need it.
Flexible delivery options
Have Benchmark reports delivered to you in the way that suits your workflow best, including via Xactimate, XactAnalysis, Research Hub, and the online store.
Automatic, rules-based ordering
Set your own customizable rules to automatically order reports based on peril type, intensity, and location. Rules-based ordering is the industry-preferred method for increasing efficiency and saving you money.