Xactware Benchmark Description
Benchmark delivers natural hazard analysis reports for weather events in near-real-time. This includes property-specific dates of loss and history analysis on hail, wind and lightning. It is available in all Verisk platforms, including Xactimate, XactAnalysis, and Xactimate. Benchmark integration is available to current and new users within XactAnalysis claims. Users can access the reports from the claim assignment by clicking on the "select an act" drop-down menu in XactAnalysis. Respond™ is the data source for Benchmark for XactAnalysis, Xactimate, and Xactimate. It provides near-real-time weather forecast services and natural hazard analysis, including location-based analysis for hail, wind and lightning, tornado, wildfire and hurricane. The Benchmark property-specific natural hazards history database provides a consistent record of both catastrophe and non-catastrophe hail and wind, rain, lightning, and other perils.
Xactware Benchmark Alternatives
Climate Intelligence Suite
Royal HaskoningDHV’s Climate Intelligence Suite provides comprehensive global risk consulting and resilience solutions to navigate complex climate risks. The suite, which is based on a deep understanding of the impact weather has on processes, assets and the built environment, provides actionable hazard insight for physical assets around the world. It combines high resolution natural hazard data, climate exposure analysis and risk scoring systems to enable users to assess climate risks for the future, including those that affect suppliers and customers. The platform covers 19 hazards such as tropical storms, floods (coastal and fluvial), wildfires and earthquakes. It also offers a 360-degree view by analyzing decades worth of historical, real-time and future-modeled data.
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Xactware Respond
Respond® predictive analytics can help you predict and mitigate the impact of extreme weather events, such as major hurricanes or destructive hail. Respond uses real-time weather data feeds for insights that can be used to improve operational performance and decision-making in weather risk assessment, severe storm preparation, loss prevention, disaster response and recovery, and weather risk assessment. The Respond analysis overlayed on your policies in force, (PIF), visualizes policyholder locations as well as coverage values for areas with high potential exposure to hail or other perils. Ensure that you have the right adjuster skills to handle storm-related properties. Reduce the time it takes to process claims and increase policyholder satisfaction. Increase reinsurance treaty recovery. Forecast the volume of claims for natural hazard events accurately. Respond helps you to visualize storm severity and helps you visualize destructive weather.
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Geospiza PATH
Geospiza PATH™, an intuitive climate risk assessment platform, enables risk managers, sustainability departments, asset managers, and operation departments to quantify and take actions to reduce climate and natural hazards risks. PATH™, which visualizes asset risk to a range of hazards such as flood, heat and drought, hurricane and cyclone, wildfire, and evaluates the benefits and costs of possible actions, is available from Geospiza. Geospiza models climate change data in real time, making it easy to turn costly unknowns into actionable steps. Climate change analytics and disaster modelling can be applied to structures, peoples, investments, and strategic regions-on-a map. To understand the climate risk and hazards facing businesses, you need to engage the best climate risk modeling. Climate change analytics and disaster modeling can be applied to structures, peoples, investments, and strategic areas. After assessing your risk, develop a strategy to mitigate it, increase resilience, and adapt to the effects of climate change.
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One Concern
One Concern has created a Digital Twin of our world, which reveals hidden risks in the built and natural environment. This includes climate change, extreme weather, natural disasters, and climate change. Customers can use our Digital Twin to identify direct structural risks to their buildings and external network risks. Our proprietary risk models are supported by the Digital Twin, which unlocks the resilience quotient. This allows us to probabilistically project business disruptions in the face of unprecedented hazards. One Concern helps customers understand the direct structural risk of their property from climate, natural disasters and extreme weather. It also helps them understand the networks that are essential for the property to continue to function. We identify downtime due to multiple hazards and return periods. This includes the impact of climate change in the scenario of 1.5 degree Celsius temperature rise.
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Company Details
Company:
Xactware
Year Founded:
1986
Headquarters:
United States
Website:
www.xactware.com/en-us/solutions/weather-analytics/benchmark/overview/
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