Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
HurLoss represents ARA's advanced hurricane catastrophe model tailored for property insurers, reinsurers, brokers, and ILS managers to adeptly navigate risks in regions susceptible to hurricanes. Since its inception in 1998, HurLoss has served as the cornerstone for structural engineering standards in hurricane-affected states and has been integral to federal emergency management and mitigation strategies across the nation since 2003. The model provides a comprehensive event set that spans the entire North Atlantic basin, covering areas such as the U.S., the Caribbean, Bermuda, and portions of Canada, Mexico, and Central America. What sets HurLoss apart is its physics-driven approach to hurricane hazard modeling combined with engineering load and resistance analysis, grounded in fundamental principles and corroborated by claims data. Additionally, the model incorporates projections related to future climate conditions, enabling users to evaluate risks using both current and anticipated climatological data, including variables such as sea surface temperature and wind shear. This forward-thinking approach ensures that stakeholders are equipped with the most relevant information to make informed decisions regarding their hurricane risk management strategies.
Description
Benchmark offers timely natural hazard analysis reports for weather-related events, detailing property-specific loss dates and historical data pertaining to hail, wind, and lightning, all accessible through Verisk platforms like Xactimate and XactAnalysis. Both existing and new users are able to find the Benchmark integration within their claims on XactAnalysis, as well as in the “documents” section of Xactimate. Users can conveniently retrieve the reports by utilizing the “select an action” drop-down menu in XactAnalysis when handling claim assignments. The source of Benchmark's data for both XactAnalysis and Xactimate is Respond™, which equips users with near real-time analysis and forecasting services for weather events, including localized assessments for various natural hazards such as hail, wind, lightning, tornadoes, wildfires, hurricanes, and more. Additionally, the Benchmark database on property-specific natural hazard history offers a thorough and reliable record of both catastrophic and non-catastrophic events, encompassing hail, wind, rain, and lightning, thus providing essential information for effective decision-making. This comprehensive resource ensures that users have the latest and most accurate data at their fingertips for better risk management and response planning.
API Access
Has API
API Access
Has API
Integrations
Liberate
Moody’s Risk Modeler
Oasis Loss Modeling Framework
Xactimate
Integrations
Liberate
Moody’s Risk Modeler
Oasis Loss Modeling Framework
Xactimate
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
ARA
Founded
1998
Country
United States
Website
www.ara.com/hurloss/
Vendor Details
Company Name
Xactware
Founded
1986
Country
United States
Website
www.xactware.com/en-us/solutions/weather-analytics/benchmark/overview/