With this new tool, insurers, first responders, as well as supply chain logistics operators, can analyze the impacts of severe weather better. Verisk’s newly enhanced web-based weather analytics data solution.
Verisk’s Respond® mapping and analytics platform, Respond MAP™, enables users to combine valuable weather data with locations of interest, such as policies-in-force, to quickly evaluate the impact of significant weather events. It provides crucial insights for perils such hail, wind, tornado, wildfire and hurricane. Respond MAP comes as part of Respond’s weather data package.
“Respond Map is a sharper, more specific solution that we believe will drive our mission to provide the critical weather information our customers need following a severe weather event,” said Mike Fulton, Verisk’s president of property estimating solutions. “We recognize the needs of the market and are dedicated to continually improving by adjusting, developing and combining solutions to provide the best possible weather data and analytics in the industry.”
Near real-time updates of Respond MAP are available every five minutes. Respond shapefiles can be an asset in helping businesses understand the impacts of severe weather and to assess risk. Respond MAP offers the ability to view both post-catastrophe as well damage estimation analytics for major weather phenomena such as hurricanes or significant tornadoes.
Among its many solutions, Verisk offers computer software solutions, such as Respond and Benchmark™, for insurance professionals responding to severe weather events. Respond’s insights can help insurers determine how books of business are impacted by severe weather and assist in critical decision making, such as setting reserves and allocating resources. This enhanced capability allows insurers to reduce claims cycles and improve customer satisfaction.