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What is Xactware Benchmark?

Benchmark provides prompt analysis reports on natural hazards related to weather events, which include specific loss dates for properties along with historical information about hail, wind, and lightning, all available via Verisk platforms such as Xactimate and XactAnalysis. Users, both new and existing, can easily access the Benchmark integration within their claims on XactAnalysis, as well as in the documents section of Xactimate. Reports can be retrieved effortlessly by selecting options from the “select an action” drop-down menu in XactAnalysis while managing claims. The data for Benchmark in both XactAnalysis and Xactimate is sourced from Respond™, which delivers near real-time analysis and forecasting for weather-related events, offering localized assessments for various natural hazards including hail, wind, lightning, tornadoes, wildfires, hurricanes, and more. Moreover, the Benchmark database provides an extensive and reliable record of both catastrophic and non-catastrophic natural hazard events, which includes data on hail, wind, rain, and lightning, ultimately aiding in effective decision-making processes. This all-encompassing resource guarantees that users have the most current and precise information available, facilitating improved risk management and strategic response planning. By leveraging such detailed insights, organizations can enhance their preparedness for potential weather-related challenges.

What is RiskThinking.AI?

We collect, organize, synchronize, and analyze vast amounts of data to produce vital derived information for assessing Climate-related Financial Risk, ensuring that our insights are made available to subscribers via a secure API. Our sophisticated algorithms generate multi-faceted scenarios used in stress-testing an asset's susceptibility to a range of risks such as Policy, Economic, Carbon, Physical, and Social factors. By evaluating and prioritizing exposure based on both intensity and relevance for each risk variable, we create Exposure Scores and Climate Risk RatingsTM that are applicable to all assets, portfolios, corporations, sectors, regions, and nations. Our services enable regulators, governments, financial institutions, asset managers, and large corporations around the world to identify, evaluate, and stress-test the potential financial impacts of climate change across various industries and economies. By providing these essential tools, we strive to empower stakeholders in effectively navigating the challenges posed by climate risk within their financial strategies and decision-making frameworks, thus contributing to a more resilient economic future. In doing so, we enhance transparency and foster informed decision-making across the global financial landscape.

Media

Media

Integrations Supported

Liberate
Xactimate

Integrations Supported

Liberate
Xactimate

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Xactware

Date Founded

1986

Company Location

United States

Company Website

www.xactware.com/en-us/solutions/weather-analytics/benchmark/overview/

Company Facts

Organization Name

RiskThinking.AI

Date Founded

2019

Company Location

Canada

Company Website

riskthinking.ai/

Categories and Features

Categories and Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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