Verisk Expands Weather Intelligence with Mapping and Analytics Platform
June 01 2022 - 8:00AM
Insurers, first responders and supply chain logistics operators can
now analyze the impact of severe weather more effectively with
Verisk’s newly enhanced web-based weather analytics data solution.
Verisk (Nasdaq: VRSK) is a leading global data analytics provider.
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. The solution provides critical
insights for perils such as hail, wind, wildfire, tornado and
hurricane. Respond MAP is included as part of the Respond 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.”
With near real-time updates as frequent as every five minutes,
Respond shapefiles delivered into Respond MAP can be a major asset
to evaluate risk and help improve the overall performance of
businesses dependent on understanding the impact of severe weather.
Respond MAP also offers users the ability to view both
pre-catastrophe and post-catastrophe imagery, as well as damage
estimation analytics for major weather events such as hurricanes,
significant tornadoes and wildfires.
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. With this
enhanced capability, insurers can aim to shorten claims cycles and
improve customer satisfaction.
To learn more about Respond MAP, visit Verisk.com.
About VeriskVerisk (Nasdaq: VRSK) provides data-driven
analytic insights and solutions for the insurance and energy
industries. Through advanced data analytics, software, scientific
research and deep industry knowledge, Verisk empowers customers to
strengthen operating efficiency, improve underwriting and claims
outcomes, combat fraud and make informed decisions about global
issues, including climate change and extreme events as well as
political and ESG topics. With offices in more than 30 countries,
Verisk consistently earns certification by Great Place to
Work and fosters an inclusive culture where all team
members feel they belong. For more, visit Verisk.com and
the Verisk Newsroom.
Michelle Pantina
551-500-7327
michelle.pantina@verisk.com
Verisk Analytics (NASDAQ:VRSK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Verisk Analytics (NASDAQ:VRSK)
Historical Stock Chart
From Jul 2023 to Jul 2024