Xactware BenchmarkXactware
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About
Extreme wildfire conditions have increased by 50% in recent decades due to climate change, causing $31B in property loss. As a result, insurance companies have refused to insure homes and businesses in California, drastically reducing their revenue. Terrafuse’s wildfire AI risk scores profile the actual likelihood of any property to burn one year ahead. Our wildfire risk product allows insurance companies to not only underwrite more businesses and reduce non-renewals to only properties with the highest burn probabilities but also price business commensurate with actual risk. We train our models to learn the interdependencies between 50+ environmental conditions (e.g. building density, dead fuel moisture, vegetation) and severity of loss over time. We also embed the physics of the atmosphere into our models using advanced machine learning techniques.
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About
Benchmark provides natural hazard analysis reports from weather events in near real-time, including property-specific date of loss and history analysis for hail, wind, and lightning, delivered to you in Verisk platforms you use today, including Xactimate and XactAnalysis. Current or new users can access Benchmark integration within a claim in XactAnalysis and within the “documents” tab in Xactimate. In the claim assignment, users can access the reports via the “select an action” drop-down bar in XactAnalysis. The data source for Benchmark for XactAnalysis and Xactimate is Respond™, giving users natural hazard analysis and forecast services for weather events in near real-time including weather-by-location analysis for hail, wind, lighting, tornado, wildfire, hurricane, and other natural perils. The Benchmark property-specific natural hazard history database provides a consistent and comprehensive record of catastrophe and non-catastrophe hail, wind, rain, lightning, etc.
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Audience
Farmers searching for a climate and weather risk prediction solution
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Audience
Organizations looking for a weather intelligence management solution to handle weather-related claims
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Support
Phone Support
24/7 Live Support
Online
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Support
Phone Support
24/7 Live Support
Online
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API
Offers API
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API
Offers API
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Free Trial
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Pricing
No information available.
Free Version
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Webinars
Live Online
In Person
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Training
Documentation
Webinars
Live Online
In Person
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Company InformationTerrafuse AI
Founded: 2018
United States
www.terrafuse-ai.com
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Company InformationXactware
Founded: 1986
United States
www.xactware.com/en-us/solutions/weather-analytics/benchmark/overview/
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Categories |
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Integrations
Liberate
Xactimate
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