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What is Xactware Respond?

From impactful hurricanes to destructive hailstorms, Respond® predictive analytics allows you to manage risks efficiently and optimize resources linked to severe weather occurrences. By utilizing insights gathered from real-time weather data feeds, Respond improves your operational efficiency and supports informed decision-making concerning weather-related risk evaluations, preparations for extreme weather events, strategies for loss prevention, and recovery efforts post-disaster. The analysis that Respond provides, when layered over your current policies in force (PIF), offers a clear visualization of policyholder locations and coverage amounts that may be impacted by hazardous hail or other dangers. This functionality enables you to strategically allocate the appropriate adjuster expertise for properties situated within, adjacent to, or outside the impacted storm zone. Moreover, it simplifies the claims process, shortens cycle times, and enhances policyholder satisfaction. By refining reinsurance treaty recovery processes and accurately forecasting claims volumes for natural disaster incidents, Respond not only assists in illustrating the implications of severe weather but also promotes a more profound understanding of storm intensity and its potential consequences. Additionally, this thorough approach equips you to mitigate losses more effectively while bolstering overall operational resilience against the backdrop of unpredictable weather challenges. As a result, you can make more strategic decisions that ultimately lead to improved preparedness and response capabilities.

What is HurLoss?

HurLoss is ARA's sophisticated hurricane catastrophe model designed specifically for property insurers, reinsurers, brokers, and ILS managers to effectively manage risks in hurricane-prone areas. Established in 1998, HurLoss has been pivotal in shaping structural engineering standards in states affected by hurricanes and has played a key role in federal emergency management and mitigation efforts since 2003. The model offers an extensive event set that encompasses the entire North Atlantic basin, including regions like the U.S., the Caribbean, Bermuda, as well as parts of Canada, Mexico, and Central America. What distinguishes HurLoss is its unique physics-based approach to hurricane hazard modeling, which integrates engineering load and resistance analysis based on foundational principles and validated through claims data. Furthermore, the model includes projections for future climate scenarios, allowing users to assess risks with both present and future climatological data, such as changes in sea surface temperature and wind shear. This innovative perspective not only enhances risk assessment but also empowers stakeholders to develop robust hurricane risk management strategies that are adaptable to evolving climate conditions, ultimately ensuring a more resilient approach to disaster preparedness and response.

Media

Media

Integrations Supported

Moody’s Risk Modeler
Oasis Loss Modeling Framework

Integrations Supported

Moody’s Risk Modeler
Oasis Loss Modeling Framework

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/respond/overview/

Company Facts

Organization Name

ARA

Date Founded

1998

Company Location

United States

Company Website

www.ara.com/hurloss/

Categories and Features

Categories and Features

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